Soon, FD details will be part of your CAS statement; Here’s how it helps you

The Reserve Bank of India (RBI) announced on October 7, 2026, that now consumers would be able to see their fixed deposits (FD) detail inside the consolidated account statement (CAS). This means that individuals with CAS subscriptions will now get to see the consolidated information of all their mutual funds, stocks, and soon FDs, all in one place.

Just like Form 26AS of income tax, which helps taxpayers get all the financial transaction information in one place, now CAS will similarly help individuals get all their investment information in one place.

Sanjay Malhotra, Governor of the Reserve Bank of India (RBI), in his post MPC (Monetary Policy Committee) press conference, said: “We are also facilitating SEBI-regulated depositories to include information related to deposit accounts in their consolidated account statement. The measures will be implemented by December 31, 2026.”

What is Consolidated Account Statement (CAS) and who gets it?

The depositories and registrar and share transfer agents (RTA) prepare the CAS statements and send them to consumers who subscribe to getting it. The Central Depository Services Limited (CDSL) and National Securities Depository Limited (NSDL) are two depository institutions of India and Karvy and CAMS are the RTAs.

According to an FAQ from NSDL, CAS is a single account statement consisting of transactions and holdings in investor's demat account(s) held with NSDL and CDSL as well as in units of Mutual Funds held in Statement of Account (SOA) form.

Adhil Shetty, CEO, BankBazaar, said to ET Wealth Online: A Consolidated Account Statement, or CAS, is a single statement that brings together an investor’s holdings across securities. Depositories such as NSDL and CDSL send it to investors with a demat account, covering holdings linked to their PAN.

Shetty says that mutual fund investors without a demat account can receive a consolidated statement from the mutual fund or its registrar and transfer agent, covering their folios across fund houses.

Also read: Can banks raise FD interest rates now as RBI increases repo rate by 25 bps?

How does having FD details inside CAS help consumers?

Vivek Iyer, Partner and Financial Services Risk Advisory Leader, Grant Thornton Bharat explains to ET Wealth Online how this helps consumers:

• One view of net worth: Equity, mutual funds, NPS and deposits will be on one page. A household with FDs in three or four banks can finally see its whole asset allocation, including how much is in debt.
• Better planning and rebalancing: Investors often underestimate how much of their portfolio is in debt because the FDs aren't counted. A complete picture makes rebalancing between equity and debt more accurate.
• Fewer forgotten deposits: FDs that lapse, auto-renew in an old branch, or become dormant are a major source of unclaimed bank money. A recurring statement listing them should reduce that.
• Nomination gaps become visible: The CAS already shows nomination status. Extending it to deposits lets families check whether every account has a nominee, which matters for succession.
• Easier tax reconciliation: Interest is earned across several banks and is often under-reported. Seeing every deposit in one place makes it easier to match against Form 26AS and the Annual Information Statement (AIS).
• Early warning of fraud: An account or deposit the customer doesn't recognise will show up on a statement they actually read.

Shetty says that including bank deposit information in the CAS will give demat account holders a more complete view of their financial holdings in one place. They will be able to see their bank deposits alongside their stocks, mutual funds and other securities held in demat form.

Shetty says: "This can make it easier to keep track of where their money is held and review their overall holdings. The RBI’s move to make NBFC Account Aggregators interoperable should also make it easier for customers to access and share financial information through an Account Aggregator of their choice.”

What data does the CAS show at present?

The CAS covers investments held in the depository system and in mutual fund folios. This includes equity shares, mutual fund units, exchange traded funds, bonds, government securities and other securities held in demat form, along with transaction details and the value of holdings.

Shetty says that a depository CAS brings together demat accounts and mutual fund folios linked to the same PAN, while a statement from mutual fund registrars covers folios across fund houses.

When does one receive CAS?

According to an FAQ by NSDL, SEBI guidelines say that if there is any transaction in any of the demat accounts of an investor or in any of his/her mutual fund folios, then CAS will be sent to the investor in the next month in respect of transactions executed in previous month along with the holdings.

This means that if an investor has done transaction(s) in every month, then he/she will get CAS every month. However, in case there is no transaction in any of the mutual fund folios and demat accounts in any month of the year, then CAS with holding details will be sent to the investor on a half-yearly basis, i.e. CAS will be sent with holdings as on March and September end in the next month i.e. April and October, respectively.

Also read: Home loan EMI for these borrowers will go up as RBI increases repo rate by 25 bps: Know the impact on Rs 25 lakh-Rs 2 cr home loans

What is the basis for consolidation of portfolios to be considered for CAS?

As per an FAQ from NSDL, SEBI guidelines say that consolidation of account statements is done based on Permanent Account Number (PAN). In case of multiple holdings, it is based on the PAN of the first holder and the pattern of holding.

Based on the PANs provided by the AMCs/MFRTAs, the depositories (NSDL/CDSL) match the PANs available in the demat accounts to determine the common PANs and allocate the PANs among themselves for the purpose of sending CAS. For PANs, which are common between depositories and AMCs, the depositories send the CAS.

More clarity is awaiting from RBI

Iyer said that certain aspects that need more clarity are as below:

• Wording. The RBI statement says "deposit accounts", which may include savings accounts and not just FDs. The exact coverage will depend on the operational guidelines.
• Consent and privacy. Bank deposit data is sensitive, so customer consent and how depositories store the data should be part of the design. Today's CAS deliberately leaves out bank account numbers.
• Coverage. It isn't yet clear whether cooperative banks, small finance banks and NBFC deposits will be included from the start or only scheduled commercial banks.
• Overlap with Account Aggregators. The Account Aggregator framework already allows consent-based sharing of deposit data. The CAS route brings that to investors who will never use an aggregator app.