Demat and Deposits Together: Your View Due Dec 31, 2026
RBI has decided that account aggregator apps run by NBFCs must work with each other. Bank deposit details are also to be added to the demat statement from depositories. Both changes are targeted for December 31, 2026.
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Anyone with a demat account or bank deposits who shares financial data through account aggregators. The market committee announcement mainly concerns market participants, not ordinary savers.
Your demat holdings and bank deposits are meant to appear in one statement by this date.
Key Takeaways
Mark December 31, 2026 as the target date for the combined demat and bank deposit statement.
Check your demat statement after that date to see whether your bank deposits now show up in it.
Choose whichever NBFC account aggregator you prefer once interoperability starts, since any of them should be able to reach your data providers.
RBI has decided that account aggregator apps run by NBFCs must work with each other. Bank deposit details are also to be added to the demat statement from depositories. Both changes are targeted for December 31, 2026.
Here's what happened: RBI decided that NBFC account aggregators must work with one another, so you can pick any of them to fetch and share data from different providers. Depositories regulated by SEBI will be helped to add bank deposit details to the combined account statement through these aggregators. Both changes are expected to go live by December 31, 2026. RBI is also setting up a technical advisory committee for financial markets.
What you should do: Mark December 31, 2026 as the target date for the combined demat and bank deposit statement. Check your demat statement after that date to see whether your bank deposits now show up in it. Choose whichever NBFC account aggregator you prefer once interoperability starts, since any of them should be able to reach your data providers.
Pro tip: You don't need a demat account to use this. Non-demat customers can still get a combined picture of their money details through aggregators.
Written by GoCredit from the official Reserve Bank of India document cited below. Every figure is checked against that document. This is general information, not legal or financial advice.
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Questions people ask
What is NBFC-AA interoperability?
It means that whichever NBFC account aggregator you choose, it can reach data from different financial information providers. You are not tied to one aggregator. RBI expects this to be implemented by December 31, 2026.
Will my bank deposits show in my demat statement?
The plan is for depositories to include bank deposit account details in the combined account statement through NBFC account aggregators. That lets demat holders see holdings and deposits together. The target date is December 31, 2026.
Do I need a demat account to use account aggregators?
No. The document says customers without demat accounts can continue to get a combined picture of their financial details and share it through NBFC account aggregators.
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Get Money →References
- [1]“Statement on Developmental and Regulatory Policies (includes Constitution of a Technical Consultative Committee for Financial Markets)” Reserve Bank of India · 4 Nov 2026
Official source. GoCredit wrote this explainer from the document above, and every figure in it is checked against that document automatically. The worked example is calculated by GoCredit. How we write news
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