Stories
RBI announces major changes to bank statements and investments
- •The Reserve Bank of India announced that bank deposits will soon be integrated into the Consolidated Account Statement.
- •This new procedure is expected to become fully operational by December 31, 2026.
- •CAS is a consolidated monthly statement generated based on investors PAN numbers combining various investments.
- •Currently including shares, mutual funds, and bonds, the statement will now add bank deposits as well.
- •Citizens can easily monitor all their financial assets and bank accounts in a single statement without logging into multiple platforms.
Key Questions Answered
The Consolidated Account Statement (CAS) is a monthly statement generated using an investor's PAN number that compiles various investments, such as mutual funds, demat shares, government bonds, and NPS holdings, into a single document. The Reserve Bank of India announced that bank deposits will soon be added to this system, with the new procedure expected to become fully operational by December 31, 2026.
SEBI-regulated depositories will be facilitated to include bank deposit account information in the CAS through the Non-Banking Financial Company Account Aggregator (NBFC-AA) framework. This enables demat account holders and customers to view their bank deposit details alongside their securities holdings in a single unified statement.
No, the announcement only concerns the inclusion of information regarding deposit accounts in the consolidated statement. Your savings, fixed deposits, and other bank monies will not be transferred to a depository and will continue to be held securely with your bank.
