Key Details
The RBI’s 7 October 2026 Statement on Developmental and Regulatory Policies sets out two connected changes to how customers access financial information, plus a separate financial-markets announcement.
Choice of Account Aggregator: Customers will be able to access and share information held by different Financial Information Providers through any participating Account Aggregator they choose.
One statement for demat holders: Depositories regulated by the Securities and Exchange Board of India are being facilitated to add bank-deposit account information to the Consolidated Account Statement (CAS) through Account Aggregators.
Expected timing: The RBI expects both customer-facing measures to be implemented by 31 December 2026.
Financial-markets consultation: The RBI will constitute a Technical Consultative Committee for Financial Markets; its membership and terms of reference will be notified separately.
Customers Will Have More Choice in Sharing Their Financial Information
An Account Aggregator is an RBI-regulated intermediary that helps a customer obtain and share financial information from participating institutions with the customer’s consent. Interoperability means a customer should be able to use an Account Aggregator of their choice even when their information is held across different providers. The change concerns the route through which customers access and share information; it does not make their records freely available to other firms.
Demat Statements Could Show Bank Deposits Too
A Consolidated Account Statement currently gives a demat holder a combined view of securities-related holdings. The RBI’s second measure would allow bank-deposit account information to appear in that statement through the Account Aggregator framework.
This is an additional viewing option for demat holders, not a requirement to open a demat account to use an Account Aggregator. Customers without demat accounts can continue to obtain and share a consolidated view of their financial information through Account Aggregators.
A Separate Forum for Financial-Market Policy
In the same statement, the RBI announced a Technical Consultative Committee for Financial Markets. It is intended to provide structured engagement with market participants on money, government securities and foreign-exchange markets, their derivatives and supporting infrastructure. The RBI has yet to notify who will serve on it or its precise remit.
Policy Relevance
The Account Aggregator measures bring customer choice and a more useful view of financial holdings into focus. Interoperability could make the customer’s choice of provider more meaningful; adding deposits to the CAS could make that statement more useful for people who already hold demat accounts.
They also involve different institutions doing different work. Account Aggregators and information providers will need to support access across providers, while SEBI-regulated depositories will be involved in presenting deposit information in the CAS. The relevant question at implementation is whether customers can use these options easily while retaining clear control over what they share. The financial-markets committee addresses a separate need: regular consultation as trading markets and their infrastructure evolve.
Relevant Question for Policy Stakeholders: When the changes go live, will customers be able to choose an Account Aggregator and view their eligible holdings without losing clarity or control over financial data sharing?
Follow the Full RBI Statement Here: Reserve Bank of India, Statement on Developmental and Regulatory Policies, 7 October 2026.