Archive · 8 Oct 2026
RBI Links Account Aggregators and Adds Deposits to CAS
The Reserve Bank of India plans to connect account aggregator services so people can use one of their choice to share financial information.
People must give permission before their information is shared.
Depositories supervised by SEBI will also be able to add bank deposit details to a statement that already shows investments for people with demat accounts.
People without demat accounts can still use account aggregators to get a combined view of their financial information.
The new bank information is about deposits, not loans.
Lenders may use information customers approve sharing to assess applications more easily.
The change could also help people keep track of savings and investments in one place.
Experts say customers need to know what is shared, with whom and why, and should be able to withdraw permission.
The measures are expected to be implemented by December 31, 2026.
The RBI announced interoperability among NBFC account aggregators, allowing customers to share financial information through an aggregator of their choice.
SEBI-regulated depositories will be able to include bank deposit information in consolidated account statements for demat account holders.
Customers without demat accounts can still obtain and share a consolidated view of their financial information through account aggregators.
The measures are expected by December 31, 2026; the announced bank information covers deposits and other assets, not loans.
Industry representatives expect consent-based sharing to ease lending and credit assessment, while experts call for clear safeguards and easy consent withdrawal.
- Who
- The Reserve Bank of India, NBFC account aggregators, SEBI-regulated depositories and financial-information customers.
- What
- The RBI announced interoperability among account aggregators and enabled depositories to include bank deposit information in consolidated account statements.
- When
- Announced on a Wednesday; implementation is expected by December 31, 2026.
- Where
- India.
- Why
- To make financial information easier to access and share with customer consent, and potentially support financial tracking and lending decisions.
Expected benefits
Safeguards and limits
Lending and credit assessment
Expected benefits
Industry representatives said interoperability could reduce fragmentation and help lenders assess cash flows and financial behaviour more efficiently, potentially speeding up decisions.
Safeguards and limits
These are anticipated benefits rather than reported outcomes. Experts said clear data-handling rules, security controls, transparency and complaint processes are important.
Scope of the consolidated view
Expected benefits
The measures are intended to bring bank deposits together with demat holdings, and customers without demat accounts can still use account aggregators for a consolidated view.
Safeguards and limits
The bank information described is about deposits and other assets, not loans. Insurance was discussed as a possible future addition, not as part of the announced measures.
- Announcing authority
- Reserve Bank of India
- Aggregator change
- Customers will be able to access and share financial information through an account aggregator of their choice.
- CAS change
- SEBI-regulated depositories will be able to include bank deposit information in consolidated account statements.
- Access without a demat account
- Customers without demat accounts can obtain and share a consolidated view through account aggregators.
- Implementation target
- December 31, 2026
- Scope of bank information
- The announced addition concerns deposits and other assets, not loans.
- Account aggregator ecosystem
- One article reports 17 RBI-licensed account aggregators active in India.
- Consent and safeguards
- Financial information sharing is consent-based; experts called for clear data handling rules, security, transparency and easy consent withdrawal.
Sources
RBI To Make Account Aggregators Interoperable, To Integrate Demat & Deposits
RBI widens CAS, makes account aggregators interoperable
RBI to make account aggregators interoperable; integrate demat and deposit data
Account aggregator ‘interoperability’: What RBI’s move means for your asset statement