Pragati - The Sahamati Newsletter January 2023 

15 Feb 2023
Pragati – Sahamati Newsletter January 2023

Latest events and updates about Account Aggregator ecosystem

From the CEO’s desk

We start the new year with great optimism on the scale up of AA Framework as a key component of India’s Digital Public Infrastructure (DPI). India’s Chief Economic Advisor, Shri Anantha Nageswaran, while presenting the Economic survey which has a special mention of the AA Framework,  said that a strong Digital Public Infrastructure can add up to 60-100 bps to the GDP growth rate. With India hosting the G20 presidency this year, it is the right time to showcase India’s leadership in DPIs to the global community.  Sahamati is honoured to be the official knowledge partner to the Ministry of Finance for G20, with Siddharth Shetty being a part of the official delegates team of India on Digital Public Infrastructure.

In terms of the action of the ground, more than 275 financial institutions are at different stages of AA adoption. We welcome two new AAs who received an operational licence from RBI: Phonepe AA Services and NSDL E-Governance AA (Protean SurakshAA). One more AA, OMS Fintech Account AA Account Aggregator Pvt Ltd received in-principle approval from RBI. With that we have 9 operational AAs and 9 in-principal approved AAs in the ecosystem, deepening our network to reach out to more citizens. We have also witnessed  a healthy growth as highlighted in the numbers as on 8th Feb 2023.  Successful data shares crossed 4 million, with incremental monthly consents at 0.5 million and  addition of new 28 FIUs taking the total to 142 FIUs  and addition of FIPs taking the total to 31 FIPs. 20 FIUs used  Sahamati’s Support Portal logging more than  830 issues  in January’ 23. 

As we move forward, we will see more organisations from IRDAI, SEBI and PFRDA joining the ecosystem with sustained policy support and industry acceptance of the long lasting benefits of the AA Framework. Our focus this year will be to work with the Ecosystem to ensure an orderly growth with an acceptance of common code of conducts, SLAs and guidelines for the community.


Citizen Adoption


3.9 million

consent requests fulfilled across FIUs

3.9 million

accounts linked across FIPs

View the usage dashboard here


140 FIPs/FIUs live on AA network


75 FIPs/FIUs testing or in-development

data as on 31 January 2023, for more details on all AA Participants, click here


Industry Alliance Updates

Generating Awareness and Advocacy

Sahamati with AMFI conducted a session on ‘ How AMCs could use Account Aggregator framework’  

AMFI invited all the mutual fund companies for a session on Account Aggregator, presented by Sahamati, in Mumbai on 20th January 2023. The presentation covered the AA as a techno-legal framework, use cases for mutual fund companies and importance of common participation terms for the entities.

150 attendees were present for this hour long session, followed by question and answers.

Click here to know more

IRDAI townhall on Account Aggregator  

Sahamati was invited by IRDAI for an awareness session on AA as part of their townhall on 3rd February 2023. The presentation included information on the AA framework, the current status of adoption and its applicability in the insurance sector. 180 attendees were present for this event.


Mrs. Shalini Gupta, Head of Strategy, Sahamati, presenting at the IRDAI townhall. Click here to know more

Pragati event: IRDAI hosted ‘Account Aggregator for Insurance companies’  

IRDAI invited all the life and general insurance companies to attend a presentation conducted by Sahamati on ‘Accelerating Insurance Penetration via Account Aggregator’. Nearly 150 attendees were present for the webinar which covered the following topics

  • Basics of Account Aggregator and the current status of adoption

  • Insurance Use cases and demo

  • Technical specifications of Insurance 

AA presentation was followed by by spotlight sessions by two TSPs, showcasing their AA related services specifically for the insurance sector.   

Click here to know more

Fostering Self-regulation and Collaboration

AA SLA Working Group Meetings

Continuing with their deliberation from December 2022, AA SLA Working Group was convened twice in January 2023 with active participation from nominated FIPs. Bank of Baroda, Punjab National Bank, AU Small Finance Bank, ICICI Bank, and Federal Bank shared key insights into SLAs.  Discussions revolved around AA-integration timeline for each FIP/FIU, and the Working Group agreed to get the SLA sheet signed-off by Feb 15th.

Click here to read more about the working groups

Sahamati Support Portal hosts monthly meeting Session #4  

Sahamati Support team hosted its monthly update meeting for all the the Live- participants on 31st Jan, focused on “Dashboards and transparency of FIPs health”. The event drew participation from more than 20 live-FIs, and the cohort discussed about the equip the FIs with dashboards to provide transparency on the FIP API health.

To view more details, click here 


Sahamati Initiatives


Providing Foundational Services

Group_5742.png  Technical Infrastructure

Central registry | Token Service

510+ UAT Central Registry Entries 

180+ Prod Central Registry Entries 

View details on Github here 

Group_5741.png  Legal framework

Multi-partite Participation Terms | Dispute Resolution Framework* 

94 signatories to Participation Terms

* Dispute Resolution Framework – Work-in-progress 

View list of signatories to common Terms here

Promoting Interoperability

Group_5739.png   AA Uniform Code of Conduct 

30 FIPs are Live, of which 29 are interoperable with more than 4 operational AAs

Click here to know more

7 Working Groups

120 Common Guidelines  

 View AA Uniform Code of Conduct here

Group_5740.png  Certification Framework

4 empaneled certifiers 

10 intermediate certified TSPs 

143 certified AAs/FIPs/FIUs

View details here

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