SEBI, Digilocker partnership to address unclaimed fin assets

Securities and Exchange Board of India (SEBI) has partnered with DigiLocker to address the issue of unclaimed financial assets. This initiative enables investors to store and access information on their demat and mutual fund holdings through DigiLocker, a key Digital Public Infrastructure, benefiting investors and their families. Through this initiative, SEBI and DigiLocker are committed to enhancing investor



protection. 

By facilitating seamless access to financial records, this mechanism helps minimize unclaimed assets and ensures the identification of assets that might otherwise remain unnoticed. The Key highlights of the initiative are access to securities holdings, a nomination facility for seamless access, automated notification to nominees and the role of KYC registration agencies (KRAs).