India's account aggregator network adopts uniform fee structure, cutting out tech middlemen
From 1 November 2026, India's account aggregator ecosystem will apply a standard fee for data transfers, removing technology service providers from the revenue stream.
After three years of deliberation, India's account aggregator (AA) framework will shift to a uniform pricing model on 1 November 2026, per a circular from Sahamati, the RBI-recognised self-regulatory organisation. Financial institutions pulling customer data through the AA network will pay a single fee that is divided between the data-holding bank, the AA and Sahamati, with a prohibition on direct charges to customers.
The new arrangement excludes technology service providers (TSPs) from fee sharing, although AAs can still charge lenders for extra services. Fees are calibrated to the volume of data shared; for a seven-month bank statement the lender pays between ₹5.88 and ₹6.55, of which ₹2.80 goes to the bank and 40 paise to Sahamati. The model funds regulatory compliance, cybersecurity and system upkeep, giving banks an incentive to keep data pipelines reliable. Sahamati, recognised as an SRO in June 2026, will receive a modest share after raising ₹50 crore from member institutions.
Why it matters
Standard fees will lower borrowing costs and reshape the role of tech intermediaries in India's financial data market.
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