SEBI Proposes Harnessing DigiLocker to Reduce Unclaimed Assets in Indian Securities Market
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- By Chetan Kulasri
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- Last Updated on 21 March, 2025
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Circular no. SEBI/HO/OIAE/OIAE_IAD-3/P/CIR/2025/32; Dated: 19.03.2025
SEBI has proposed harnessing DigiLocker to reduce unclaimed assets in the Indian Securities Market. DigiLocker is a digital document wallet of the Government of India (GoI), facilitating citizens in obtaining and storing documents like Aadhaar, PAN, Driving Licence, Death Certificate, etc. Also, DigiLocker provides a nomination facility to its users. While specifying the nominee, the user must provide the nominee’s mobile number and e-mail address. The circular shall be effective from April 01, 2025.
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