SEBI Joins Forces with DigiLocker to Minimize Unclaimed Assets in the Indian Securities Market. Banking & Finance | Dated: 21 Mar 2025 In March 2025, the Mumbai (Maharashtra)-based market regulator, Securities and Exchange Board of India (SEBI), announced its partnership with DigiLocker to address the issue of unclaimed assets in the securities markets. 🎯 Key Highlights: - SEBI issued a circular titled 'Harnessing DigiLocker as a Digital Public Infrastructure for Reducing Unclaimed Assets in the Indian Securities Market' under Section 11(1) of the SEBI Act, 1992, to protect investors' interests and regulate the securities market. 💡 Other Important Facts: (i) This initiative allows investors to store and access information on their demat and mutual fund (MF) holdings, along with Consolidated Account Statement (CAS) through DigiLocker, a key Digital Public Infrastructure (DPI). (ii) The DigiLocker system will be notified about the user’s death by Know Your Customer (KYC) Registration Agencies (KRAs), and the system will automatically notify the data access nominees. 📚 Test Your Knowledge: Which organization recently partnered with DigiLocker to reduce unclaimed assets in the Indian securities market? Correct Answer: SEBI 🚀 Quick Recap: About SEBI Chairperson: Tuhin Kanta Pandey Headquarter : Mumbai