Account Aggregator framework completes four years; 2.2 billion accounts enabled
The Account Aggregator framework, launched on 2 September 2021 as India's consent-based financial data-sharing system, completed four years on 2 September 2025 with over 2.2 billion accounts enabled.
Summary
The Account Aggregator (AA) framework completed four years on 2 September 2025, having been officially launched on 2 September 2021 as a secure, consent-based system for sharing financial data; the RBI issued its Master Directions for AAs in 2016. The framework lets users aggregate information on bank accounts, investments and loans from multiple sources and share it with service providers such as lenders. During India's G20 Presidency in 2023, AA was recognised as a foundational Digital Public Infrastructure serving as the data exchange layer, complementing Aadhaar (identity) and UPI (payments). As of the anniversary, 112 financial institutions were live as both Financial Information Providers and Users, 56 solely as FIPs and 410 as FIUs; over 2.2 billion accounts were enabled and 112.34 million users had linked their accounts.
Key facts
- Launched
- 2 September 2021
- RBI Master Directions
- 2016
- DPI role
- Data exchange layer, alongside Aadhaar (identity) and UPI (payments)
- Recognition
- Foundational DPI during India's G20 Presidency, 2023
- Accounts enabled
- Over 2.2 billion
- Users linked
- 112.34 million
- Institutions
- 112 both FIP+FIU; 56 FIP only; 410 FIU only
Practice MCQs 3 questions
When was India's Account Aggregator framework officially launched?
Show answer
Correct answer: C — 2 September 2021
The AA framework was officially launched on 2 September 2021; RBI's Master Directions had been issued in 2016.
In India's Digital Public Infrastructure stack, the Account Aggregator framework serves as which layer?
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Correct answer: C — Data exchange layer
AA was recognised during India's G20 Presidency as the data exchange layer, complementing Aadhaar (identity) and UPI (payments).
Consider the following statements about the Account Aggregator ecosystem as of September 2025: 1. RBI issued the Master Directions for Account Aggregators in 2016, before the framework's official launch. 2. Fewer than 50 crore financial accounts have been enabled for data sharing through the framework. Which of the above is/are correct?
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Correct answer: A — 1 only
RBI issued the Master Directions in 2016 and the framework launched in 2021. Over 2.2 billion (220 crore) accounts are enabled, so statement 2 is wrong.