Why Sebi’s move to integrate DigiLocker matters

The Securities and Exchange Board of India (Sebi) has allowed investors to use DigiLocker, the digital public infrastructure initiative of the Indian government, to store digital documents. It is a significant development that could unlock wealth stuck because the nomination formalities are not done correctly or legal heirs are unaware of their nomination.

According to media reports, unclaimed assets are estimated to be over Rs 2,00,000 crore in India. These include equity shares, fixed deposits, bonds and other instruments. In most situations, the money flows into an investor protection fund