RBI Update: Inclusion of Clearing Corporation of India Limited as a Financial Information Provider under Account Aggregator Framework

1. RBI launched the Retail Direct Scheme (‘Scheme’) on November 12, 2021, to facilitate retail investors to invest in Government Securities. The Scheme enables individuals to open Retail Direct Gilt Accounts with the Bank and access the Government Securities market - both primary and secondary. To enable aggregation of financial information on Government Securities held by retail investors in their Retail Direct Gilt accounts under the Scheme, Clearing Corporation of India Limited has been included as a Financial Information Provider.

2. The Master Direction – Non-Banking Financial Company - Account Aggregator (Reserve Bank) Directions, 2016 is being modified accordingly.

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