A statement showing your investments can look complete while leaving out a large part of your savings. For a family with deposits spread across banks, that can make it harder to answer a simple question: how much money do we have, and when can we use it?
The Reserve Bank of India’s latest announcement could help. But a combined statement will be most useful when you know what to compare it against.
What RBI has announced
In its Statement on Developmental and Regulatory Policies dated 7 October 2026, RBI said SEBI-regulated depositories are being enabled to include bank deposit account information in Consolidated Account Statements, or CAS, through NBFC-Account Aggregators.
It also announced interoperability among Account Aggregators, intended to let customers access and share financial information through an aggregator of their choice. RBI expects both measures to be implemented by 31 December 2026. That is an expected implementation date, not evidence that every deposit already appears in your statement.
RBI also said people without demat accounts can continue to obtain a consolidated view through Account Aggregators. You should not assume you need to open a demat account simply to organise your bank records.
The missing-deposit problem
SEBI’s investor education page describes CAS as a combined statement covering mutual fund transactions and other securities held in demat accounts. It also advises investors to keep their PAN updated with their depository participant or stockbroker.
Consider an invented example. Meera has ₹6 lakh in mutual funds, ₹4 lakh in one bank deposit and ₹2 lakh in another. Looking only at the mutual funds, she sees ₹6 lakh. Her total across those three holdings is ₹12 lakh.
Now add the purposes: ₹2 lakh is reserved for school fees, while the ₹4 lakh deposit is part of an emergency reserve. A combined balance helps her see the money. It does not tell her that all ₹12 lakh is available for a new investment.
The amounts are illustrative. This is a record-keeping example, not a suggested allocation.
Make a list you can reconcile later
Start with your own latest bank and investment records. Keep a private list with these details:
- Where it is: institution, account holder and a masked account or folio reference.
- What it is worth: balance or value, with the date of that figure.
- When it is needed: the goal or expense the money is already meant to cover.
- When it becomes available: deposit maturity date, renewal instruction and any withdrawal conditions shown in the bank’s documents.
For a family review, include each person’s records with their permission. Do not assume one person’s statement represents the household’s entire wealth. Keep passwords, PINs and one-time codes out of the list.
When an expanded CAS becomes available, match its entries against this inventory. Look for an omitted institution, an unfamiliar holding or figures from different dates. A missing item is a reason to investigate coverage and records, not proof that the money has disappeared.
Read the permission before sharing data
An Account Aggregator helps move financial information with your consent. RBI’s Account Aggregator Master Directions, issued on 2 September 2016 and shown as updated on 6 September 2024, require explicit consent. The consent must identify the information requested, its purpose, recipients where applicable, and an expiry date.
Before agreeing, check which accounts and information are included, who receives the data, why they need it and how long the permission lasts. RBI’s directions require a facility to revoke consent and say Account Aggregators must not request or store bank authentication credentials such as passwords or PINs. They also prohibit Account Aggregators from supporting customer transactions.
If information provided through an aggregator differs from the institution’s books, RBI’s directions treat the financial information provider’s records as correct. Keep the underlying bank and investment statements and raise discrepancies with the relevant institution.
What remains uncertain
The 7 October announcement does not set out the full customer activation process, display fields or a detailed rollout schedule for each institution. It refers to bank deposit accounts; it does not establish that every account will appear automatically. Check subsequent official instructions and the facility actually offered by your depository or provider.
A better statement can reduce the effort of finding your money. A clear household list adds the next layer: whose money it is, what it is for, and when it is needed.
Facts checked on 8 October 2026. This article explains the announced change and offers a record-keeping approach; it is not personalised investment advice.