RBI plans interoperable account aggregators with demat and deposit data
In short
The RBI plans to make account aggregators work with each other and link demat and deposit data. That should let customers use the system more easily, no matter which aggregator they choose.
This could make access simpler for users and financial firms. The reporting does not say when it will happen or whether the rules are final.
What the reporting says
The RBI plans to make account aggregators interoperable and integrate demat and deposit data, according to the reporting. The summary says interoperability would let customers access the ecosystem seamlessly regardless of which account aggregator they use. The immediate effect could be easier data access for users, but the reporting does not state when the change will take place or whether any rules have been finalized.
Why it matters
The RBI is reported to be planning interoperability for account aggregators and integration of demat and deposit data. The summary says this would let customers move through the ecosystem seamlessly no matter which aggregator they use. That could improve access and data portability for users and financial firms, but the source does not say when the change begins or whether implementation details are final.