Sebi has proposed using DigiLocker to streamline securities market processes and reduce unclaimed assets. The plan includes providing demat and mutual fund statements on DigiLocker and sharing investor death information.

Sebi has proposed using DigiLocker to simplify asset management, reduce unclaimed assets, and enable faster paperless services.

SEBI: In case of a user's death, DigiLocker will update the account status based on death registration data from the Registrar General of India, or information from the KRA system, the regulator propo

Sebi plans to leverage the government's DigiLocker system to address unclaimed assets in the securities market. By integrating demat and mutual fund holding statements, and information on investor deaths,