Data Consent & Account Aggregator
Understanding how we use Account Aggregator and how you stay in control
What is Account Aggregator?
Account Aggregator (AA) is RBI-regulated infrastructure that allows you to securely share your financial data with authorized entities. It acts as a bridge between your bank and services like KlearPe, without sharing your login credentials.
How It Works
You Give Consent
When you choose to use AA features, you explicitly consent through the Account Aggregator app. You decide which accounts to share and for how long.
Secure Data Flow
Your bank sends transaction data to the AA, which then shares it with KlearPe. Your login credentials never leave your bank.
KlearPe Uses Data
We use this data to calculate round-ups, identify surplus amounts, and automate micro-payments. We never see or store your passwords.
What Data Do We Access?
Bank Account Metadata
Account numbers, balances, transaction history (debits only)
What We Never See
Bank login credentials, passwords, PINs, OTPs, or credit card details
You're Always in Control
Revoke Anytime
You can revoke consent through the Account Aggregator app. Data flow stops immediately.
RBI Regulated
Account Aggregator is regulated by the Reserve Bank of India, ensuring security and compliance.
No Credential Storage
We never store or see your bank login credentials. They remain secure with your bank.
Optional Feature
AA is completely optional. You can use KlearPe by manually entering loan details.
Why Use Account Aggregator?
Account Aggregator enables advanced features that make loan repayment optimization easier:
- Automated round-ups: Automatically calculate small amounts from your transactions
- Surplus detection: Identify when you have extra funds available for repayment
- Transaction tracking: Monitor your spending patterns to optimize repayment timing
- Seamless automation: Reduce manual effort in managing micro-payments
Questions?
If you have questions about Account Aggregator or data consent, please reach out:
support@klearpay.in