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Is there any risk involved in giving access to my Bank statement to an AA?
No, Account Aggregators are RBI licensed agencies that enables sharing of financial information between financial institutions, for ex. between your Bank and Kotak Neo. Account Aggregators encrypt the data and do not retain any information with them. The statement is passed directly to the Financial Information User (FIU) which is Kotak Neo in this case.
Open Demat Account
Open Demat Account