Stories
RBI Proposes Bank Deposit Details in Consolidated Account Statement by December 2026
- •The Reserve Bank of India has proposed integrating bank deposit details into the Consolidated Account Statement for demat holders.
- •SEBI-regulated depositories will include bank deposit information using NBFC Account Aggregators.
- •Customers will be able to view their investments and bank deposits in a single statement instead of checking separate accounts.
- •Individuals without demat accounts can also obtain a consolidated view of their finances through Account Aggregators.
- •The new measures are expected to be fully implemented by December 31, 2026, to enhance customer convenience.
Key Questions Answered
Under the proposed changes, SEBI-regulated depositories will be facilitated to include bank deposit account information in the Consolidated Account Statement (CAS) using NBFC Account Aggregators. This allows demat holders to view both their investment holdings and bank deposits in a single unified statement.
The measures enabling customers to access and share their financial information through NBFC-Account Aggregators and include bank deposits in the CAS are expected to be fully implemented by December 31, 2026.
Yes, customers who do not hold a demat account can also obtain a consolidated view of their financial information through Account Aggregators and securely share it with institutions when required, such as during loan applications or financial planning.
