The Account Aggregator Ecosystem APIs describe the requirements for enabling real-time financial informations aggregation functionality as set forth in the Reserve Bank of India (RBI) Master Direction- Non-Banking Financial Company - Account Aggregator (Reserve Bank) "DNBR.PD.009/03.10.119/2016-17.2016".
The following APIs are part of the specifications
ReBIT can be contacted about these specifications at "aa-api@rebit.org.in".
As per the published guidelines, the decommission date for AA, FIP and FIU API Specification versions 1.x.x is extended till June 30, 2024. AAs, FIUs, and FIPs must become operational on Version 2.0.0 by May 31, 2024. Entities must track usage of the latest version to address any operational issues and decommission the previous version 1.x.x before June 30, 2024.
To monitor the API Version 2.0.0 adoption, all the Account Aggregators (AAs) and Financial Information Providers (FIPs) are required to submit Adoption Progress reports to ReBIT weekly on every Tuesday by 5 PM starting May 21, 2024 as per the templates - AA Adoption Progress Report / FIP Adoption Progress Report. Mandatorily refer to the published instructions before filling and submitting the Adoption Progress report.
Also, after decommissioning of API Version 1.x.x, AA and FIPs are required to submit a one-time adoption confirmation to ReBIT as per the given template.
Entities need not send weekly adoption progress reports as per point 2 once the adoption confirmation is sent.
All the submissions are to be sent to "aa-apirelease@rebit.org.in".
Note: Guidelines referred in point 1 are updated with additional information. Points 2,3, and 4 in this section are added for API Version 2.0.0 Adoption monitoring till decommission date. (Updated May 14, 2024).
Guidelines are published for use of additional identifiers "PAN" and "Date of Birth" in POST /Account Discovery API. The document can be accessed here.
Note: This revised document replaces the "Use of additional Identifiers 'PAN' and 'Date of Birth' for customer account discovery" document published on 8th Nov 2023. Kindly note that only format of the document is changed and core content remains the same.
Insurance Regulatory and Development Authority of India (IRDAI) - Life and General Insuranceare now available. The related AA and FIP API specification changes are published as minor version 2.1.0.
Major API Version 2.0.0 is published for FIU, AA, and FIP API specifications. For monitoring the API Version 2.0.0 adoption, all the Account Aggregators (AAs) & Financial Information Provider (FIPs) should submit "Plan of Action" and "Adoption Progress Report" to ReBIT as per below ReBIT AA Circular:
Circular: Submissions required for API Version 2.0.0 AdoptionImportant
The templates for the API Version 2.0.0 related submissions can be downloaded below:
For any queries specific to the API specification version 2.0.0, kindly send a mail to "aa-apirelease@rebit.org.in".
The NBFC – AA API Specifications released vide circular "DOR NBFC (PD) CC.No.104/03.10.001/2019-20" are as below