RBI allows Sebi-regulated depositories to include customer deposit details in statements: What changes for investors?
RBI announced measures to simplify financial tracking, allowing SEBI-registered depositories to include bank deposit details alongside securities, equity and debt holdings in a single consolidated statement by end-2026. It also approved interoperability among NBFC account aggregators, enabling financial information to be aggregated across multiple account aggregators through a single account.
The Reserve Bank of India (RBI) has authorized Sebi-regulated depositories to incorporate bank deposit information into consolidated account statements (CAS), according to RBI Governor Sanjay Malhotra. This modification will come into effect by December 31, 2026. As a result, Demat account holders will be able to observe their bank deposit data in addition to securities, equity, and debt holdings within a unified financial statement, simplifying the management of their finances.
The provision will also enable customers to exchange their financial data across various financial service providers via any NBFC-Account Aggregator (NBFC-AA), rather than being confined to a specific account aggregator. Moreover, those without demat accounts will retain the capability to obtain a consolidated view of their financial data and disseminate it through NBFC-AAs.
Furthermore, the RBI will establish a Technical Consultative Committee for Financial Markets to engage in structured discussions with market participants and stakeholders on policy and operational matters concerning financial markets.
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