Home › Circulars › RBI/2023-24/125

CCIL Added as Financial Info Provider Under AA Framework

No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2023-24/125 · issued 22 Feb 2024 · ~2 min read
Quick answerRBI has included Clearing Corporation of India Limited as a Financial Information Provider under the Account Aggregator framework, enabling aggregation of retail investors' Government Securities held in Retail Direct Gilt accounts.

What changed

Clearing Corporation of India Limited (CCIL) has been officially designated as a Financial Information Provider under the Account Aggregator framework. This allows CCIL to share financial information on Government Securities held by retail investors in their Retail Direct Gilt accounts. The Master Direction on NBFC-Account Aggregator (2016) has been amended to reflect this inclusion.

What it means for you

Banks and lenders can now access consolidated data on retail investors' Government Securities holdings through the Account Aggregator system, improving credit assessment and risk profiling. This expands the scope of financial information available under the AA framework, potentially enabling more accurate lending decisions and wealth management services. It also strengthens the integration of the RBI Retail Direct Scheme with the broader digital financial ecosystem.

Historical instruction — do not use for current compliance. This is what was required at the time; it no longer reflects current RBI requirements. If no replacement rule is linked above, that only means none is recorded on our register yet — it does not prove no later applicable rule exists. Confirm on the official RBI source below.

What banks were required to do at the time

Who it affects

All regulated entities (banks, NBFCs, etc.) using Account Aggregator services, Retail investors holding Government Securities under the RBI Retail Direct Scheme, Account Aggregator non-banking financial companies

❓ Common questions

Regulatory timeline

Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).

What is the role of CCIL as a Financial Information Provider?

CCIL will now share financial information on Government Securities held by retail investors in their Retail Direct Gilt accounts with Account Aggregators, subject to user consent.

Does this change affect existing Account Aggregator operations?

Yes, the Master Direction on NBFC-Account Aggregator has been amended to include CCIL, so all regulated entities must update their systems and processes accordingly.

When did this notification take effect?

The notification was issued on February 22, 2024, and is effective from that date.

📜 This document’s life story (1 recorded event, each backed by RBI’s own words)
Repealed by RBI/2025-26/100 — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
RBI’s words: “Official withdrawal register entry #138: DoR.FIN.REC.77/03.10.123/2023-24 — "Inclusion of Clearing Corporation of India Limited as a Financial Information Provider under Account Aggregator Framework" ”
📜 Read the original circular — full text as issued by RBI
RBI/2023-24/125 DoR.FIN.REC.77/03.10.123/2023-24 February 22, 2024 All Regulated Entities of the Bank Madam/ Dear Sir, Inclusion of Clearing Corporation of India Limited as a Financial Information Provider under Account Aggregator Framework Please refer to the Master Direction – Non-Banking Financial Company - Account Aggregator (Reserve Bank) Directions, 2016 . 2. The RBI Retail Direct Scheme (‘Scheme’) was launched on November 12, 2021 to facilitate retail investors to invest in Government Securities. The Scheme enables individuals to open Retail Direct Gilt Accounts with the Bank and access the Government Securities market - both primary and secondary. To enable aggregation of financial information on Government Securities held by retail investors in their Retail Direct Gilt accounts under the Scheme, Clearing Corporation of India Limited has been included as a Financial Information Provider. 3. The Master Direction – Non-Banking Financial Company - Account Aggregator (Reserve Bank) Directions, 2016 is being modified accordingly. Yours faithfully, (J.P. Sharma) Chief General Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2023-24/125 · issued 22 Feb 2024. The plain-English explanation above is BankPulse’s own independent summary.
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BankPulse Compliance Evidence Pack — generated 03 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly).
Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12611&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
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