New Delhi, September 2, 2025 (PIB): India’s Account Aggregator (AA) Framework, a key pillar of the country’s Digital Public Infrastructure (DPI), has completed four years since its official launch on September 2, 2021. The initiative has transformed secure, consent-based financial data sharing and is now central to India’s digital finance ecosystem.
- 112 Financial Institutions – live as both Financial Information Providers (FIP) and Financial Information Users (FIU).
- 56 Institutions – live only as FIPs.
- 410 Institutions – live only as FIUs.
- Over 2.2 billion financial accounts – enabled for secure, consent-driven data sharing.
- 112.34 million users – have already linked their accounts.
The AA framework allows users to aggregate financial information (bank accounts, investments, loans, insurance, pensions, etc.) across multiple institutions and securely share it with service providers such as lenders and wealth managers. The data exchange is encrypted and permission-driven, ensuring user privacy and complete control.
- 2016: Reserve Bank of India (RBI) issued Master Directions for the AA framework.
- 2021: The AA ecosystem was formally launched on September 2.
- 2023 (G20 India Presidency): Recognised globally as the third layer of Digital Public Infrastructure, alongside Aadhaar (identity) and UPI (payments).
- 2024: Featured prominently in India’s G20 Task Force on DPI Report, underscoring its global significance.
The AA framework is poised to unlock new opportunities for formal credit access, particularly for MSMEs and personal lending, driving financial inclusion and innovation. Policymakers project it will play a critical role in India’s journey towards Viksit Bharat @2047.
