Here’s how to cause access to your demat holdings in a Digilocir

Investors can now store their demat holding in Digilcer and cause access. Since April 1, 2025, demat accounts have been integrated with Digiloker

This step will be able to store information on their demat and mutual fund holdings, following the decision to partner with the Digital Document of the Government of India (SEBI) by the Market Regulator Securities and Exchange Board India (SEBI) government.

Sebi informed about the March 19 decision and aims to solve the problem of contender property in the securities markets.

SEBI implemented several steps that include conditions of standards for passive /idle accounts and folios, to introduce contact and bank details, nominate investors or clearly nominate, ease of transmission standards, and reporting the investor’s death.

Digiloker users will now be able to share and store their holdings for shares and mutual fund units from their demat accounts, though their integrated account statement (CAS) stated in the SEBI circular issued.

Digiloker currently facilitates citizens in obtaining and storing documents such as Aadhaar, PAN, Driving License, Death Certificate in other matters.

The documents issued in the Digilocir are considered equal to the original as per Article 9A of the Information Technology Act, 2000.

How to check?

1) Go to the Digilocir Portal and create an account and then g-log-in using your mobile number.

2) Click on the ‘issued documents’ on the left of the dashboard.

Here are 4 advantages of move:

1) Securities Holdings: Cases:

Digiloker users can now get and store their holdings for shares and mutual fund units from their demat accounts along with their consolidated account statement (CAS). This expands existing Digilocir services, which already include bank account statements, insurance Policy Lisy certificates and NPS account statements.

2) Nominating Facility for Seamless Access Cess:

Users can appoint Data Access Case nominees in the Digilocir app. In the event of a user’s death, these nominees will be admitted to read only in the Digilocir account, ensuring that the required financial information is easily accessible to the legal heirs.

The Digilocir nominee himself can begin broadcasting the financial assets of the dead investors, if he/she is also nominated to the investor’s account. Otherwise, the existing joint holder in the holding statement of the Digilocir Nomini/S MF units and demat account will inform the account/Folio’s nominated or the legal heir of the investor.

3) Automatic notification to nominees:

On the instruction of the user’s death by KYC registration agencies (KRAS) – which is registered and regulated by SEBI – the Digilocir system will automatically notify the data accession cess nominees. This access is expected to facilitate the transmission process with the financial institutions related to the cess.

4) Role of KYC Registration Agencies (KRAS):

At this stage, KRAS data will serve as the primary source for the access to the Cesses Case nominees, by ensuring a smooth transition process.

(Disclaimer: The recommendations, suggestions, opinions and views given by experts are their own. This does not represent the views of the economic time)