If you apply for a loan or financial services, the bank or financial service provider’s app may also present to you an option to open an AA handle, link your bank accounts to handle and give consent to share the data from your existing banks to them.
A few leading banks have already started using Account Aggregator to request data from the consumers for selected financial products. The table below provides the list of banks that are using AA for getting bank account statements and the products for which AA is being used.
|Sl No||Name of the Bank or Financial Institutions which are already using AA||Type of Entity||Product Offering|
|1||Axis Bank||Bank||Personal Loan, Auto Loan, Two Wheeler Loan, Business Loan and Home Loan|
|2||Bajaj Finserv||NBFC||Business Loan|
|3||Epifi Wealth Private Limited||Registered Investment Advisor||Personal Finance Management
|4||Flexi loans||NBFC||Business Loan|
|5||HDFC Bank||Bank||Auto Loan, Personal Loan, Business Loan, Credit Cards, Two Wheeler Loan*|
|6||ICICI Bank||Bank||Personal Loan|
|7||India Infoline Finance Limited||NBFC||Business Loan|
|8||IndMoney||Registered Investment Advisor||Personal Finance Management|
|9||Krazybee Service Pvt Limited||NBFC||Personal Loan|
|10||Lendingkart Finance Limited||NBFC||Business Loan|
|11||Navi Finserv Private Limited||NBFC||Personal Loan, Home Loan|
|12||Quadrillion Finance Pvt Ltd.||Registered Investment Advisor||Personal Finance Management|