From April 1, investors can take advantage of Digilocker. Under this, the information of your mutual funds and shares will be safe. At the same time, the nominee will also be able to access it. SEBI (Exchange Board of India) and Digilocker (Digilocker) have jointly taken this initiative. Before knowing about the benefits of Digilocker, let us know what Digilocker is.

What is Digilocker?

Digilocker is a government digital platform, in which your documents or important information is safe. You can access this information anytime. SEBI, which regulates the stock market, has decided to launch it for investors as well.

From April 1, investors can take advantage of Digilocker. In this, investors can store the details related to their demat account. At the same time, it can be accessed anytime. Along with this, the nominee is also given access through Digilocker.

Along with this, investors can also check CAS (Consolidated Account Statement).

What are the benefits of DigiLocker?

Documents and data will remain safe.

DigiLocker is specially designed to secure data. Through this, investors can easily store demat and mutual fund information and documents. At the same time, your data is also safe in it.

Benefits related to the nominee

The nominee is chosen for investment from the bank to the stock market. Through DigiLocker, you get the option to choose a nominee. At the same time, the nominee is informed after the death of the investor. Along with this, the nominee will be able to easily access the investment information through DigiLocker.

Transmission will also be beneficial.

If the nominee also has a demat account, then transmission will be possible between the nominee and the investor through DigiLocker.

How to link a demat account with DigiLocker?

Step 1- First of all you have to download DigiLocker and log in through Aadhaar.

Step 2- For this you have to go to the services and document repositories option here.

Step 3- Then submit your necessary documents like Aadhar card, PAN card, and bank account details in Digilocker.

Step 4- After this go to your brokerage app or website.

Step 5- Then you will get the option to link a Digilocker account for KYC here. Click on it.

Step 6- After this, by going to Digilocker, give direct access of the document to the brokerage app.

Step 7- After the document is started, the brokerage will verify it. After which you will also receive an SMS.

Step 8- Finally your demat account is linked to Digilocker.

Disclaimer: This content has been sourced and edited from News 18 hindi. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.