Aadhaar eKYC or CKYC helps verify your identity using basic details like name, address, and gender. Credit bureaus provide your credit history and score.
Account Aggregators, on the other hand, share your financial transaction data — such as savings account, current account, and deposit information.
In the future, AA may also enable sharing of data related to tax, pensions, mutual funds,
stocks, insurance, and more.
Absolutely. AAs do not store or read your data. They simply transfer it between your bank and the requesting financial institution. Your data always remains with your bank.
No. Registering with any one Account Aggregator is sufficient. However, you’re free to register with more if you wish to.
Yes. The AA framework helps Auxilo instantly access your verified income details, making the process faster and more transparent.
However, your credit score remains an important factor in assessing your overall creditworthiness before final approval.
Account Aggregators are regulated by the Reserve Bank of India (RBI).
They operate under the NBFC-AA license, ensuring compliance, privacy, and customer protection.
No, it doesn’t guarantee approval - but it accelerates the process by providing verified data quickly and reducing delays caused by manual verifications.
If your bank isn’t live on the AA network yet, you can manually upload your bank statements.
The system will automatically detect and process them just like before.
Most leading Indian banks like HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, SBI, and IDFC First Bank have joined the AA ecosystem.
You’ll see a list of available banks when you choose the AA option during your loan journey.