RBI
RBI Allows Interoperability Among Account Aggregators by December 2026
7 October 2026 · www.business-standard.com
The RBI has decided to introduce interoperability among NBFC-Account Aggregators, enabling customers to access and share financial information held by different FIPs through any NBFC-AA of their choice. It has also allowed Sebi-regulated depositories to include bank deposit account details in the Consolidated Account Statement via NBFC-AAs.
Points to Remember
- Customers can use any NBFC-AA to access and share financial information held by different Financial Information Providers (FIPs).
- Depositories regulated by Sebi can include bank deposit account information in the Consolidated Account Statement (CAS) through NBFC-AAs, letting demat holders view demat holdings and bank deposits together.
- Customers without demat accounts can still obtain a consolidated view of their financial information through NBFC-AAs.
- Both measures are expected to be implemented by December 31, 2026.
- AAs are RBI-licensed NBFCs that act as a bridge between FIPs and Financial Information Users; currently 17 AAs hold operating licences.
Why it matters
Customers will soon have more flexibility in choosing an Account Aggregator and a single consolidated view of their bank deposits and demat holdings, which can simplify loan, insurance and wealth management processes. Expect queries on how to switch AAs or link accounts once interoperability goes live.
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