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Markets regulator Sebi on Wednesday partnered with DigiLocker, a government-backed digital document storage platform, to reduce unclaimed assets in the Indian securities market and enhance investor protection. The initiative will help investors store and access information on their demat and mutual fund holdings through DigiLocker benefiting investors and their families. Under this, DigiLocker users can now fetch and store their statement of holdings for shares and mutual fund units from their demat accounts, along with their Consolidated Account Statement (CAS), Sebi said in a circular. This expands the existing DigiLocker services, which already include bank account statements, insurance policy certificates, and NPS account statements. Further, users can add nominees to their DigiLocker accounts, allowing them access to the user's documents after their demise. This helps family members or legal heirs manage the deceased's financial assets more easily. Also, the DigiLocker system
Going for a movie or an interview and want to safely keep your handbag or cameras for few hours at some place, well, Delhi Metro commuters can do that now by renting digital lockers at 50 of its stations through a new mobile app launched on Wednesday. Delhi Metro is the first mass rapid transit system in the country to introduce such unique facilities for commuters, officials said. The app -- 'Momentum 2.0' -- also allows commuters to do online purchasing from listed e-commerce companies through 'virtual stores' located at 20 metro stations, send a courier via a smart box (digi-locker) and buy QR code-based tickets. The cutting-edge mobile application which seeks to enhance experience of metro riders beyond travelling has taken a year-and-a-half in the making, and the Delhi Metro Rail Corporation (DMRC) plans to expand the 'virtual stores' and 'digi-lockers' facilities to majority of its stations by June 2024. Delhi Metro's network span 393 kilometres with 288 stations, including t