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Here’s How To Link Demat, Mutual Fund Accounts To DigiLocker
Outlook Money
|June 2025
The Securities and Exchange Board of India (Sebi) has partnered with the government's digital wallet, DigiLocker, to help cut down on unclaimed assets in the securities market.
Sebi data, as on January 31, 2025, shows Indian investors hold unclaimed funds worth ₹323 crore and unclaimed securities worth ₹182 crore.
DigiLocker is a cloud-based digital wallet developed and managed by the Ministry of Electronics and Information Technology. It provides access to digital versions of various documents such as driver's licence, vehicle registration certificate, bank account statements, insurance policies, and academic mark sheets, among others. Documents issued in DigiLocker are legally equivalent to the originals.
Effective April 1, 2025, investors can use DigiLocker to securely store and access their demat account details, mutual fund statements, and consolidated account statements (CAS).
Steps To Link Financial Accounts With DigiLocker
This story is from the June 2025 edition of Outlook Money.
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