FD details to soon be included in consolidated account statement, says RBI: What it means for investors
New Delhi, Oct. 8 -- The Reserve Bank of India (RBI) on Wednesday announced that details of bank deposit accounts will soon be available through the consolidated account statement (CAS). This would allow investors to view information of their mutual funds, stocks and bank deposits in a single statement.
However, the central bank has not clarified whether "deposit accounts", will include savings accounts, or only fixed deposits. The exact scope of deposits included in the CAS will be known once the operational guidelines are issued.
"Depositories regulated by the Securities and Exchange Board of India (Sebi) are being facilitated to include information related to bank deposit accounts in their Consolidated Account Statement (CAS) through...
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