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SEBI Partners with DigiLocker to Streamline Investor Access and Reduce Unclaimed Assets

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SEBI Partners with DigiLocker to Streamline Investor Access and Reduce Unclaimed Assets

Key AspectDetails
PartnershipSEBI and DigiLocker collaborate to streamline access to securities holdings.
ObjectiveReduce unclaimed assets and enhance financial transparency.
Services OfferedStorage and retrieval of demat holdings, mutual fund statements, and CAS.
Nomination FacilityInvestors can appoint legal heirs via DigiLocker.
Role of KRAsKRAs notify and grant read-only access to nominees upon user's demise.
Automated Notification SystemDigiLocker automatically grants nominee access for asset transfer.
Investor BenefitsMinimizes unclaimed assets, enhances protection, and reduces legal hassles.
SEBI's RoleStrengthens digital financial infrastructure and promotes digital management.

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