SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI) PARTNERS WITH DIGILOCKER TO REDUCE UNCLAIMED ASSETS IN THE INDIAN SECURITIES MARKET AND ENHANCES INVESTOR PROTECTION

India, March 19 -- The Government of India issued the following news release:

The Securities and Exchange Board of India (SEBI) has issued a circular titled "Harnessing DigiLocker as a Digital Public Infrastructure for Reducing Unclaimed Assets in the Indian Securities Market" 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.

Key Highlights of the Initiative

Access to Securities Holdings: DigiLocker users can now fetch and store their statement of holdings for shares and mutual fund units from their demat accounts, along with their Con...