{
 "name": "Account Aggregator (AA) framework — India's consent-based financial-data-sharing ecosystem",
 "unit": "roles, counts and indicative adoption",
 "dashboard": "https://bankpulse.ai/dashboards/account-aggregator/",
 "source": "RBI Master Direction — NBFC-Account Aggregator (Reserve Bank) Directions, 2016 (rbi.org.in); Sahamati ecosystem statistics",
 "reviewed_by": "Vikram Jain",
 "license": "https://creativecommons.org/licenses/by/4.0/",
 "updated": "2026-06-22T00:11:31+05:30",
 "dateModified": "2026-06-22T00:11:31+05:30",
 "method": "The RBI Account Aggregator framework — the NBFC-AA (data-blind consent intermediary), Financial Information Providers (FIPs), Financial Information Users (FIUs) and the customer's consent artefact under the Master Direction - NBFC-AA Directions, 2016 — with an indicative adoption trend (accounts enabled and cumulative successful consents) from Sahamati ecosystem statistics. The latest period is indicative/provisional.",
 "note": "Rounded, approximate and indicative; NOT in the Verified-numbers ledger pending reviewer sign-off. ~14-16 operational NBFC-AAs; ~1 billion+ accounts enabled; cumulative successful consents in the tens of millions; live since September 2021; FIPs include banks, NBFCs, insurers, mutual funds/depositories, pension funds and GSTN; the AA is data-blind and the customer is never charged; consent is explicit and revocable.",
 "requirements": [
  {
   "element": "Master Direction",
   "what": "NBFC-AA Directions, 2016",
   "detail": "RBI’s Master Direction — Non-Banking Financial Company — Account Aggregator (Reserve Bank) Directions, 2016, issued 2 September 2016, created the AA licence"
  },
  {
   "element": "Licence / registration",
   "what": "NBFC-AA CoR",
   "detail": "An AA must hold a Certificate of Registration from the RBI as an NBFC-Account Aggregator and meet the prescribed net-owned-fund and fit-and-proper conditions"
  },
  {
   "element": "Consent architecture",
   "what": "Explicit, revocable",
   "detail": "Data moves only on the customer’s electronic consent artefact specifying the FIU, data types, purpose, duration and frequency — and can be revoked at any time"
  },
  {
   "element": "Data-blind role",
   "what": "No read / no store",
   "detail": "The AA cannot see the data it routes: it is encrypted end-to-end between FIP and FIU, and the AA only manages consent and the data pipe"
  },
  {
   "element": "Technical standards",
   "what": "ReBIT / Sahamati",
   "detail": "Common API and data-format standards (ReBIT-defined) with ecosystem coordination by the Sahamati collective make all participants interoperable"
  },
  {
   "element": "Regulator coordination",
   "what": "FSDC (RBI / SEBI / IRDAI / PFRDA)",
   "detail": "A cross-regulator framework so banking, securities, insurance and pension data can flow under one consent rail"
  }
 ],
 "roles": [
  {
   "role": "Account Aggregator (AA)",
   "detail": "The RBI-licensed, data-blind consent intermediary that retrieves data from FIPs and delivers it to FIUs strictly on the customer’s consent"
  },
  {
   "role": "Financial Information Provider (FIP)",
   "detail": "The data holder — a bank, NBFC, insurer, mutual fund / depository, pension fund or GSTN — that shares the customer’s data on a valid consent"
  },
  {
   "role": "Financial Information User (FIU)",
   "detail": "The data consumer — a lender, financial adviser or other regulated entity — that requests data to deliver a service such as a loan or advice"
  },
  {
   "role": "Customer / data principal",
   "detail": "The individual or business whose financial data it is; gives, manages and revokes consent through the AA app and is never charged for it"
  },
  {
   "role": "Consent artefact",
   "detail": "The machine-readable record of exactly what was consented to — FIU, data types, purpose, duration and frequency — the backbone of the framework"
  },
  {
   "role": "Financial information shared",
   "detail": "Deposits, loans, investments (securities / mutual funds), insurance and GST returns — the data set widens as new FIPs onboard"
  }
 ],
 "adoption_series": [
  {
   "as_of": "Mar 2022",
   "accounts_enabled_crore": 5,
   "successful_consents_crore": 0.4,
   "approximate": true,
   "note": "Early roll-out after the September 2021 go-live with eight banks as the first FIPs"
  },
  {
   "as_of": "Mar 2023",
   "accounts_enabled_crore": 30,
   "successful_consents_crore": 2,
   "approximate": true,
   "note": "More banks and NBFCs join as Financial Information Providers; lending use-cases scale"
  },
  {
   "as_of": "Mar 2024",
   "accounts_enabled_crore": 100,
   "successful_consents_crore": 8,
   "approximate": true,
   "note": "Accounts enabled approach ~1 billion; GSTN onboarded as an FIP widens MSME-credit use"
  },
  {
   "as_of": "Sep 2024",
   "accounts_enabled_crore": 115,
   "successful_consents_crore": 12,
   "approximate": true,
   "note": "Continued growth across banking, securities and insurance data"
  },
  {
   "as_of": "Mar 2025",
   "accounts_enabled_crore": 130,
   "successful_consents_crore": 16,
   "approximate": true,
   "note": "Indicative / provisional — adoption keeps climbing (pending confirmation)"
  }
 ]
}