RBI to add FD details to consolidated account statements
In short
The RBI plans to include FD details in a consolidated account statement. The change is expected by December 31, 2026.
This matters because investors will be able to see bank deposits and investments in one place. The report does not say exactly how the rollout will work.
What the reporting says
The RBI said FD details will soon be included in consolidated account statements, giving investors one view of their bank deposits and investments. The publisher-supplied summary said the implementation is expected by December 31, 2026. The immediate consequence is simpler account tracking for investors, while the exact rollout process and scope are not stated in the available reporting.
Why it matters
The RBI plans to broaden consolidated account statements so investors can see fixed deposit details alongside other deposits and investments. The source gives a target implementation date of December 31, 2026, which suggests a system change for bank customers and savers. The reporting does not specify whether all banks will participate at once or what data fields will be included.