Sebi's new proposal: DigiLocker to become key in asset transfer after death

Quick Summary:

In case of a user's death, DigiLocker will update the account status based on death registration data from the Registrar General of India (RGI), or information from the KRA system.

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Sebi is asking for public feedback on this idea by December 31.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Inheritance Mutual funds Property Death Sebi Asset transfer Digilocker

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-16 @ 13:46:50 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 216 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24428662

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Official Website: business-standard.com

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Year Established: 1975

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News Last Updated: 2 hours ago

Coverage Areas: India

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Publisher ID: #49

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