Your FDs and Shares in One Statement: RBI's New CAS Rule, Explained
the change (2026)
date (2026)
+ bank deposits
of your choice
| Today | After rollout |
|---|---|
| CAS shows demat holdings (shares, mutual funds, ETFs) | CAS also shows bank deposit accounts |
| AA apps share data only within their own network | Any NBFC-AA works with any data provider |
| No demat account: no CAS at all | Consolidated view still available through an NBFC-AA |
Right now your shares and mutual funds sit in one statement and your fixed deposits sit in another app entirely. On October 7, 2026, the Reserve Bank of India announced two changes through its Statement on Developmental and Regulatory Policies that bring these together.
First, SEBI-regulated depositories (NSDL and CDSL) are being facilitated to include bank deposit account information in the Consolidated Account Statement (CAS), routed through NBFC Account Aggregators. Second, Account Aggregators themselves become interoperable, so you can use any of them with any financial institution.
The full text of both measures and the timeline · checked Oct 24, 2026
What the CAS Is Today
If you have a demat account, NSDL or CDSL already sends you a Consolidated Account Statement. It lists your demat holdings: shares, mutual funds, ETFs and bonds, across brokers, in one document. What it does not show today is your bank side: savings accounts, fixed deposits, recurring deposits.
What Changes After Rollout
- Deposits join the CAS. Depositories will be able to pull your bank deposit information through the Account Aggregator framework and show it alongside your demat holdings. One statement, full picture.
- Any AA works with any provider. Today an Account Aggregator can only fetch data from institutions connected to its own network. After interoperability, you pick whichever NBFC-AA app you like and it works across financial information providers.
- No demat account? Still covered. RBI's release says customers without demat accounts can keep getting a consolidated view of their financial information, and share it, through the NBFC-AAs directly.
Your Data Stays Consent-Based
Nothing moves automatically. The Account Aggregator framework is built on consent: your deposit data reaches the CAS only when you approve the share inside an AA app, and you choose which aggregator to use. You can revoke that consent the same way.
The Timeline (Read This Carefully)
RBI says both measures are expected to be implemented by December 31, 2026. That is the target in the press release, not a guaranteed go-live date. Depositories, banks and AAs still have to build their side. Until it actually ships, your CAS looks the way it does today.
What You Need to Do Now
- Nothing yet. There is no form, no registration, no fee. Anyone asking you to "activate" this for a charge is not part of this policy.
- When it goes live, the option will appear inside your depository's CAS or your chosen Account Aggregator app, and you opt in with consent.
- If you already use an AA app for loans or account aggregation, interoperability means it should simply work with more institutions.
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