Archive · 8 Oct 2026
RBI’s CAS Move Could Bring Deposits and Investments Together
People often keep their savings and investments in different places.
The RBI has referred to bringing deposit accounts into the existing Consolidated Account Statement, or CAS.
If this happens, people might be able to see fixed deposits alongside shares and mutual funds in one place.
That could make it easier to understand where their money is invested.
It may also help them check deposit interest while preparing tax returns.
People could review nomination details and look for accounts they do not recognise.
The CAS would be an extra way to check tax information, not a replacement for Form 26AS or the Annual Information Statement.
The exact accounts and banks covered, and the privacy and consent rules, are still to be decided.
Adding deposit information to the Consolidated Account Statement could give investors a clearer view of their financial holdings.
A combined view could help people track fixed deposits, mutual funds and shares held across different institutions.
Deposit information could help investors check FD interest against Form 26AS and the Annual Information Statement when filing taxes.
The expanded statement could make it easier to review asset allocation, check nomination details and notice unfamiliar holdings.
The final coverage, consent requirements, privacy safeguards and participating banks have not yet been specified.
- Who
- The Reserve Bank of India and investors who may use the CAS.
- What
- A proposed move to bring deposit information closer to the existing CAS framework.
- Why
- To give households a more consolidated view of their financial assets and help with tracking and review.
- Statement
- Consolidated Account Statement (CAS)
- Possible added information
- Deposit accounts; the article says it is not yet clear whether coverage would include only fixed deposits or also savings accounts and other deposits.
- Potential uses
- Portfolio tracking, tax reconciliation, reviewing nomination status, assessing asset allocation and spotting unfamiliar holdings.
- Tax references
- Form 26AS and the Annual Information Statement (AIS)
- Tax-related caveat
- CAS would be an additional reconciliation tool, not a replacement for Form 26AS or AIS.
- Pending implementation details
- Coverage, consent, privacy safeguards and participating banks.
- Nomination caveat
- Being named as an FD nominee does not by itself make someone the deposit’s legal owner.