https://v2.webnotes.in/categories/rbi-regulated/Recent content in RBI Regulated on WebNotesHugoen-INSun, 17 May 2026 00:00:00 +0000https://v2.webnotes.in/account-aggregator-framework/Sun, 17 May 2026 00:00:00 +0000https://v2.webnotes.in/account-aggregator-framework/<p>The <strong>Account Aggregator (AA) framework</strong> in India is a consent-based data-sharing architecture operated under <strong>Reserve Bank of India (RBI)</strong> licensing that allows individuals to securely share their financial data across regulated financial entities (banks, mutual funds, insurance companies, NBFCs, lenders) with explicit, granular consent. The framework was conceptualised through the <strong>RBI Master Direction on NBFC-Account Aggregators, 2016</strong>, and operationalised at scale from approximately <strong>2021-2022 onwards</strong> through licensed AA entities and Financial Information Providers (FIPs) and Financial Information Users (FIUs) network.</p>https://v2.webnotes.in/video-kyc-india/Sun, 17 May 2026 00:00:00 +0000https://v2.webnotes.in/video-kyc-india/<p><strong>Video KYC</strong>, formally known as <strong>Video-based Customer Identification Process (VCIP)</strong>, is a SEBI-and-RBI-permitted KYC mechanism in India that uses a real-time video call between a customer and an authorised representative to verify identity and complete the Know Your Customer (KYC) process. VCIP was introduced as an alternative to physical-document-based KYC and as a complement to <a href="https://v2.webnotes.in/aadhaar/">Aadhaar</a> -based e-KYC, particularly relevant for customers without active Aadhaar-linked mobile numbers, NRIs, foreign citizens, or customers preferring not to use Aadhaar OTP-based verification. The framework was formalised through <strong>SEBI Circular SEBI/HO/MIRSD/DOP/CIR/P/2020/73 dated 24 April 2020</strong> and aligned RBI guidelines.</p>