Account Aggregator: The RBI Consent Pipe Behind Instant Loans

An Account Aggregator is an RBI-licensed 'data pipe' that shares your financial info only with your explicit consent — and it can't read the data itself.

When a loan app pulls statements in seconds, you almost certainly tapped an AA consent, not uploaded a PDF.

You control scope, duration and frequency — and you can revoke any consent at any time from your AA app.

Always check the purpose, data period and how long access lasts before approving; vague or open-ended consents are a red flag.

Use only RBI-licensed AAs like Finvu, OneMoney, CAMSFinServ, Setu or Anumati — never share OTPs outside the official handle.