Bank Deposits in CAS From January 2027: How Your Consolidated Account Statement Will Change
From January 1, 2027, bank deposits will be added to the Consolidated Account Statement (CAS), the single monthly statement that already shows your mutual funds, demat holdings and NPS. RBI Governor Sanjay Malhotra announced the move on October 7, 2026, and the RBI has allowed SEBI-regulated depositories to include bank deposit information through Account Aggregators, Business Standard reported. Inclusion is consent-based, and fixed and recurring deposits are expected to be covered first.
It sounds like a small change, but it could make tracking family wealth, and finding forgotten deposits, much easier. So what exactly will you see, and what won't you see?
Key Takeaways
- Start date: January 1, 2027.
- What's added: bank fixed deposits (FDs) and recurring deposits (RDs), according to industry experts; savings accounts are not expected to appear automatically.
- How: through the Account Aggregator (AA) framework, with NSDL named as the entity that fetches and displays the data.
- You must give consent, and not every bank will be connected at the start.
- Still missing: EPF, PPF, post office schemes, physical gold, real estate and many insurance policies.
What Is a Consolidated Account Statement (CAS)?
A CAS is a single statement generated by the depositories, NSDL and CDSL, that combines your investments across demat accounts and mutual funds, using your PAN. Instead of checking each fund house or broker separately, you see your holdings in one document. It currently covers mutual funds, securities held in demat form, and the National Pension System (NPS).
What Is Changing From January 2027?
Under the new arrangement, bank deposit data will flow into the CAS through the Account Aggregator network. Account Aggregators are RBI-regulated NBFCs that move financial data between institutions only with the customer's permission. They don't store or see your data in a way they can use; they act as consent managers.
NSDL will act as the Financial Information User (FIU), meaning it will request your deposit data, with your consent, and display it in the CAS, according to Business Standard.
Why did the RBI push for this? Malhotra pointed to unclaimed money: "We see a lot of cases of bank deposits getting lost, especially when people die," he said, as quoted by Business Standard.
What Will and Won't Appear in Your CAS?
| Asset | In CAS after Jan 2027? |
|---|---|
| Mutual funds | Yes (already included) |
| Shares, bonds, ETFs in demat | Yes (already included) |
| NPS | Yes (already included) |
| Bank fixed and recurring deposits | Expected, with consent and if your bank is connected |
| Savings accounts | Not expected automatically |
| EPF, PPF, post office and small savings schemes | No |
| Physical gold, real estate | No |
| Insurance policies outside the insurance repository | No |
Source: Business Standard, October 8, 2026, based on the RBI announcement and industry experts.
Why not savings accounts? Venkatesh Krishnamoorti of SAAFE Account Aggregator explained that "savings accounts are high velocity accounts and technically not considered as investment", Business Standard reported.
How Will Consent Work?
- You'll receive a link to discover your bank deposits, link them, and approve consent.
- Consent has an expiry date, so you may need to renew it.
- Coverage depends on which banks are onboarded to the Account Aggregator system. The RBI plans to start with banks already connected and add others over time.
As Piyush Junjunwala of Stockify told Business Standard, the system "does not guarantee that all bank accounts will appear in the CAS."
GoPocket Analysis: Who Benefits Most?
Families planning succession. A single statement showing deposits across banks makes it easier for nominees to know what exists. But visibility isn't access. Experts caution that banks will still need nominee, succession or claim processes before releasing money.
Investors managing asset allocation. Many Indian households hold a large part of their savings in FDs. Seeing FDs next to equity and mutual funds can help you check whether your mix of safe and market-linked assets matches your goals. For example, if your equity has fallen in a volatile market, a combined view makes the true weight of each asset class clearer.
The gap to remember. Even after January 2027, EPF and PPF, often among a salaried person's largest savings, won't show up. So the CAS still won't be a complete net-worth statement. Keep a separate record of those, especially after the latest PPF and small savings interest rate update.
What Should You Do Now?
- Make sure your PAN, email and mobile number are updated with your banks and depository participant.
- Check that nominations are registered on every FD and demat account.
- Watch for the consent link from January 2027 and review which accounts get linked.
- Compare deposit rates as banks respond to the RBI hike; see our guide to FD interest rates after the RBI repo rate hike.
Investors following the depositories can track NSDL and CDSL on GoPocket.
Sources
- Business Standard, Bank deposits join CAS: What you may see, what may still be missing, October 8, 2026
Disclaimer: This article is for information and educational purposes only and is not financial advice. Implementation details may change as the RBI, SEBI and depositories issue further guidance. Verify with your bank or depository participant.
