Personal Finance Management Use Case Council has finalized the Consent Template CT008, after much deliberation on different personas of the customers and various product features to cater to the personal needs of the customers.
| Consent Template Information / Attributes | Description / Upperbounds |
|---|---|
| Consent Template ID | CT008 |
| Status | Active |
| Use Case Category | PFM |
| Use case | Spend and investment analytics using 360 degree view of your finances |
| License types considered | Bank, Registered Investment Advisor |
| Purpose Text (for customers) | To generate insights based on your overall finances and provide incidental recommendations, if any |
| Purpose Text (as per ReBIT) | Customer spending patterns, budget or other reportings |
| Purpose Code | 102 |
| Purpose Code Category Name | Personal Finance |
| FI Types | All FI Types |
| Consent Types | Profile, Summary, Transactions |
| Fetch-type | Periodic |
| Maximum Frequency | 45 times per month |
| Maximum FI Data Range | 10 years for SEBI FI Types 13 Months for other FI Types |
| Maximum Consent expiry | 1 year |
| Maximum Data Life | 1 Month |
| Last published on: | 26th July 2024 |
Please note that the parameters of the individual consent templates in the Consent Template Library represent upper bounds for the respective use cases, as decided in the relevant User Councils. The parameters in the consent templates should be treated by participant(s) as outer limit(s) and not be construed as legal advice in any manner. Participants are encouraged to review their use case(s) and ensure compliance with applicable laws, including the RBI Master Directions on NBFC-AA and the DPDP Act.
Sahamati will publish additional consent templates as the AA ecosystem evolves based on discussions in the relevant Use Case Councils and the Fair Use Committee. Existing consent templates may also be revised based on statutory and regulatory guidance, including the DPDP Act and the Rules issued thereunder.
Please read this template in conjunction with the Code of Conduct DR005. Code of Conduct on Incremental data pull will be published soon.
