Account Aggregator (AA) is the connector between Financial Information User (FIU) and Financial Information Provider (FIP). The main purpose is to provide transparent information to users.
Financial Information Provider (FIP) are institutions that hold user data such as Depositories, banks, NBFCs that share customer’s financial information with Financial Information User (FIU) via requests through an Account Aggregator.
Financial Information Users (FIU) receive digitally signed data from Financial Information Providers (FIP) via Account Aggregators. FIU uses the data to provide various services to the consumer like loans, insurance, or wealth management.
SEBI vide its Circular SEBI/HO/MRD/DCAP/P/CIR/2022/110 dated August 19, 2022 has allowed depositories to participate as FIP in the AA Ecosystem
CDSL FIP through Account Aggregators shares the information about securities held in the CDSL demat account with the customers and Financial Information Users (FIUs) once the consent is given by the customer.
CDSL FIP provides financial information for the following FI types.
CDSL has gone live with below AAs.
To know more about FIP: https://sahamati.org.in/financial-information-provider-fip/
For any complaints/grievances regarding Account Aggregator, please raise a ticket on below link: https://support.sahamati.org.in/
Queries regarding the FIP process may be sent to [email protected] or connect on (022 62343246/ 3242/3243).