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RBI Expands Consolidated Account Statement to Include Bank Deposits
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News18•07-10-2026, 10:36
RBI Expands Consolidated Account Statement to Include Bank Deposits
- •The Reserve Bank of India is expanding the Consolidated Account Statement to include bank deposit accounts alongside securities like equity and debt.
- •Currently, investment details and bank account balances are accessed through separate records, but the new framework combines this information.
- •The update only integrates reporting of financial assets and does not mean bank deposits will be transferred to a depository.
- •Individuals will gain a more comprehensive view of their total financial assets, covering both bank deposits and market investments in one statement.
Key Questions Answered
The Reserve Bank of India is expanding the scope of the Consolidated Account Statement to include information on bank deposit accounts alongside existing securities, equity, and debt holdings.
No, money held in savings accounts, fixed deposits, or other bank deposits will not be transferred to a depository. The change only affects how information regarding those deposits is included in the consolidated statement, while the funds remain with the bank.
The move provides individuals with a more comprehensive overview of their financial assets by combining bank deposit details with information on equity and debt securities in a single statement.
