Sebi works with Digilocker to protect the nominated interest after the death of the investor to reduce unclaimed assets | Einsmark news

India’s regulator for capital markets, the Securities and Exchange Board of India (Sebi), have had a partnership with the cloud-based security platform Digilocker to help reduce unadorned assets and to help investors safely manage their digital documents, according to a post of NSE on the social media platform. to reduce interest, reduce the interest in the case of the death of the primary investor for the account. “Sebi had a partnership with Digilocker to reduce unclaimed assets in the security market and protect the interests of the nominees,” according to the Post on X. The minimalization of unclaimed assets to minimize unclaimed assets purchased by investors, SEBI has taken many initiatives, such as the submission of contact. 5 SEBI initiatives for unclaimed assets 1. SEBI has launched norms for inactive accounts and Folios 2. Mandatory contact and bank details Submission 3. Nomination requirement or Opt-Out-Out-Mandate 4. Simplified Transfer Process 5. Centralized Reporting of Investor Unbreakage. A collaboration with Digilocker shows that the regulator focuses on utilizing the safety of the digital platform to provide investors with its services. “A safe way to manage digital documents – built with investors in mind,” NSE said in his post on X. ” Sebi now uses the digilocker to improve the security and accessibility for investors, ‘they said. Sebi flag fraud of the stock market according to an earlier Mint report, Sebi said they noticed an increase in fraud in the stock market through various social media platforms as in the stock market fraud. “With increasing acceptance of digital communication platforms, it is noted that scammers attract victims by providing trade calls in the name of providing education. They also offer misleading or misleading testimonies, promise or guarantee of insured or risk -free returns, etc., by various SMPs,” they said, according to the report on April 21. Marks regulator is on the rise, along with entities that personify the SEBI registered entities using the fraudulent trading platform. Sebi also said that investors should avoid misleading and manipulative content shared on social media, which is distributed by fraudulent ads or posts on different platforms. Scammers also attract investors by claiming to provide ‘exclusive’ services on their platforms. These practices are performed to attract investors with great promises in their experience in the returns. First published: 27 Apr 2025, 08:17 IST