What is the purpose of uploading a selfie during the Demat account opening process with torus?
Uploading a selfie during the demat account opening process with any brokerage firm serves several important purposes:
- Identity Verification: Uploading a selfie helps verify the identity of the individual opening the demat account. It ensures that the person physically matches the details provided in the submitted documents.
- Prevention of Identity Theft and Fraud: This step acts as a deterrent against identity theft and fraudulent account openings. By verifying the person's physical presence, it reduces the risk of unauthorized account access and misuse of personal information.
- Regulatory Compliance: Regulatory authorities often require stringent identity verification measures to comply with legal standards and prevent financial crimes such as money laundering.
Last updated: 2 Months Ago
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Account Opening
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How to open an account with Torus Digital?
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How long does it take to open a trading and Demat account with Torus?
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Can I start trading immediately after completing the account opening process?
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Is there a separate account opening process for different segments?
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What are the charges levied at Torus?
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What is the purpose of uploading a signature during the account opening process?
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Is account opening with Torus safe? Will my documents and data remain secure and private?
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If I exit the app during account opening, do I have to start over?
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Can I open an account if my Aadhaar isn’t linked with my bank account?
