No, as per SEBI Regulations, you Must Have an Aadhaar number to open a demat and trading account with Lakshmishree.
Aadhaar is required for the following purposes:
- PAN-Aadhaar Linking – Your PAN must be linked with Aadhaar, as mandated by the Indian government.
- eSign Process – Aadhaar is used to digitally sign your Account Opening Form (AOF) during online registration.
- Proof of Address (PoA) – Aadhaar is the primary document accepted for address verification. However, if you do not wish to use Aadhaar as PoA, you can submit a Passport or Driving License instead.
If your PAN is not yet linked with Aadhaar, you can do so via the Income Tax e-Portal before proceeding with the account opening process.