RBI to integrate bank deposits into consolidated account statements

The RBI's move to incorporate bank deposit information into Consolidated Account Statements (CAS) represents a major advancement in financial transparency for Indian investors. Beginning January 1, demat account holders will be able to access a single, comprehensive statement displaying both their securities holdings and bank deposits, eliminating the need to track multiple statements across different financial institutions.

This integration aims to provide retail investors with a clearer picture of their complete financial portfolio in one consolidated view. The measure addresses long-standing investor concerns about fragmented account information spread across various banks and depositories, simplifying financial management and record-keeping for the average Indian household.

In tandem with this initiative, the RBI is focusing on enhancing interoperability standards among account aggregators—entities that collect and consolidate financial information on behalf of consumers. Improved interoperability is expected to create a more seamless ecosystem where account aggregators can exchange data more efficiently, further benefiting investors seeking integrated financial visibility.

The regulatory framework builds on India's existing account aggregation infrastructure while strengthening consumer protection measures. These developments align with the RBI's broader digital financial inclusion agenda, aimed at making investment tracking and management more accessible to India's growing retail investor base.