SEBI Collaborates with Digilocker for Saving Nominee's Interest Amount After Investor's Death:

According to a post shared by the National Stock Exchange (NSE) on the former platform "X", India's capital markets regulator, the Securities and Exchange Board of India (SEBI), has collaborated with cloud-based security platform, DigiLocker in order to decrease unclaimed assests and also to assist investors to safely handle their digital credentials. The post shared on "X" says, "SEBI has partnered with DigiLocker to reduce unclaimed assets in the securities market and protect nominees’ interests." The main motive behind this move is to protect the nominee's interest amount if the primary investor dies, and also decrease unclaimed assets in the securities market. Several initiatives have been taken by the Securities and Exchange Board of India (SEBI) to cut down unclaimed assets purchased by investors in the capital markets. Initiatives such as compulsory submission of contact information, to shorten the transmission procedure.

SEBI has partnered with DigiLocker to reduce unclaimed assets in the securities market and protect nominees’ interests.

A secure way to manage digital documents—built with investors in mind.#NSE #NSEIndia #DigiLocker #InvestorProtection #DigitalIndia pic.twitter.com/dKNW37MOVw — NSE India (@NSEIndia) April 27, 2025