List of Account Types Activated on AAs

The Account Aggregator framework allows sharing of financial information from various bank accounts in a secure and convenient manner. The Master Directive of RBI on Account Aggregators defines Financial Information to include various types of accounts such as Bank deposits including fixed deposit accounts, savings deposit accounts, recurring deposit accounts and current deposit accounts.

 

All the Banks that have gone live as FIPs are allowing consent requests to be raised for Savings Accounts held by a single person and some of the Banks are also live on Sole Proprietor Current Accounts*. While the FIPs are working towards including all types of accounts defined by RBI, the below table provides a quick view of the Activation Status of various types of Accounts for each of the FIPs.