Legal & Compliance
Sahamati Account Aggregator
Teravu uses the Account Aggregator (AA) framework — regulated by the Reserve Bank of India — as the primary read path for financial data in the Wealth pillar.
What is the Account Aggregator framework?
The Account Aggregator (AA) framework is an RBI-regulated consent-based financial data sharing system. It allows individuals to share their financial data — held by banks, mutual funds, insurance providers, and other Financial Information Providers (FIPs) — with licensed Financial Information Users (FIUs) in a structured, consent-controlled manner.
Sahamati is the industry alliance and network for the AA ecosystem. Teravu connects to the AA network to pull your consented financial data into the Wealth pillar.
Teravu as a Financial Information User (FIU)
Teravu operates as an AA-registered Financial Information User (FIU). As an FIU, we:
- Request financial data only after obtaining your explicit, purpose-specific consent via an AA consent artifact.
- Access data in read-only mode — we cannot initiate transactions, transfers, or any financial instruction.
- Never re-share your financial data with third parties.
- Never use financial data to provide investment advice under SEBI regulations (we are not a SEBI-registered Investment Adviser).
- Store fetched data encrypted at rest (AES-256-GCM) within the Wealth pillar scope.
Financial Information types we request
| FI type | Examples |
|---|---|
| Deposit accounts | Savings, current, recurring deposit |
| Term deposits | Fixed deposits |
| Recurring deposits | Post office RD, bank RD |
| Mutual funds | Units held across AMCs via CAMS/KFintech |
| Equities | Demat account holdings via NSDL/CDSL |
| ETFs | Exchange-traded fund holdings |
| Provident fund | EPF via EPFO AA integration (where available) |
| Insurance policies | Life and general insurance (where AA-linked) |
We request only the FI types needed for the feature you are using. You see the exact list before granting consent.
Consent lifecycle
Each AA consent artifact captures:
- Your AA handle (mobile-linked identifier, not your Aadhaar)
- The FIPs from which data is requested
- FI types authorised
- Date range of data
- Frequency (one-time fetch or periodic)
- Purpose (defaulting to "Personal Finance Management")
- Expiry date
You can revoke consent at any time via /dashboard/wealth or directly through your AA app (Setu, OneMoney, Finvu, etc.). Revocation stops future fetches; data already fetched is retained until you request deletion under DPDPA.
What we do not do
No trade execution
Teravu cannot buy, sell, or transact on your behalf. All brokerage and investment decisions happen on your broker or fund platform.
No investment advice
We are not a SEBI-registered Investment Adviser. Projections (retirement corpus, SIP targets) are educational estimates, not investment advice. Always consult a qualified financial adviser before making investment decisions.
No credit extension
We do not lend money or facilitate credit on your behalf. Debt-tracking features help you manage existing loans only.
No data sale
Financial data pulled via the AA framework is never sold, licensed, or shared with any third party, including advertisers.
Compliance references
Framework: RBI Master Direction — Non-Banking Financial Company — Account Aggregator (Reserve Bank) Directions, 2016 (as updated)
Network: Sahamati (industry alliance for the AA ecosystem)
Data standard: DEPA (Data Empowerment and Protection Architecture) — Financial Information schema
Applicable law: DPDPA 2023 (financial data is processed under consent basis)