Account Aggregator

Account Aggregator – Concept & Benefits

Account Aggregator – Concept & Benefits
What is Account Aggregator?
• Facilitates collection of banking and transactional information pertaining to a customer from Banks and other
financial institutions on the basis of the consent given by the customer
• Authorises BFL to collect, assemble and analyse transactional data from savings and current accounts of
customer through a secure mechanism and use that data to derive key information

Why Account Aggregator ?

• Applicable for NTB Customers only
• To either increase the approval limit or get the rejected customer approved

Important
• PAN Number needs to be entered before attempting Account Aggregator
• Applicable only after 1st underwriting is done i.e. approval lines are received
• Needs to be completed before attempting Re-appraisal, to either increase limit or get rejected customer approved
• Account Aggregator will not be allowed to use if customer is rejected with below reason –
1. Rejected by FCU
2. Auto RCU Reject
3. Fraud Base Reject
4. Defaulter of Bajaj Finance
5. Negative Base Reject
6. Dealer in RCU action
7. Duplicate login
8. Already Declined in EMI card
9. Invalid Credit Card Number Reject
Let us understand how to use Account Aggregator
Select ‘Account Aggregator’ section after customer approval
and line stamping is shown in POS system
Click ‘Account Aggregator’ button to start process

List of banks from where Account Aggregator

will get financial details of customer
If ’PAN Number’ is not entered at the time of login, below system
validation will appear

Note: PAN Number is mandatory to initiate Account Aggregator process

On-Click ‘Account Aggregator’ Status is initiated
Customer has 300 seconds to complete process
Steps to be followed by customer
 Customer needs to enter last 4 digits
of mobile no used by sales executive
Customer receives SMS in the login process and year of birth
with bitly link as mentioned on KYC document Click ‘Submit’
 Customer can access more Customer needs to select
Banks will be visible banks from dropdown bank & click “Proceed”
Customer receives OTP from OTP is auto read. Customer Process is initiated
Account Aggregator to click “Proceed”
Customer’s bank accounts Click ‘Get OTP’ to receive OTP on Enter OTP received from bank
are shown basis mobile no. mobile no registered with bank and click “Proceed”
 If no bank account is visible,
customer may enter another mobile
no. that is registered with same or Banks selected from
another bank to view bank details dropdown will be
visible to customer
for selection

Customer can select

another bank by
clicking on dropdown
Customer can approve or On approval, “Successful” If customer selects ‘Reject’ Confirmation for rejection On rejection, “Consent
reject request screen shown to customer taken from customer Rejected Successfully”
screen shown to customer
Sales Executives to check status for ‘Account Aggregator’
on POS system
If customer has given consent for Account Aggregator, status
on POS system will be shown “Completed”
Next, sales executive needs to click on ReAppraise Approved
Application
Here, sales executive needs to select any option for attempting
ReAppraisal and then click on “Save” tab
Note : System will do underwriting once again, but this time it will consider variables received from Account Aggregator and
accordingly underwrite the customer and approval will be shown to sales executive
If customer has not given consent (rejected) for Account
Aggregator, status on POS system will shown “Failed”
Note : If customer does not complete the steps for approval in 300 seconds, sales executive needs to start the
process again by clicking on Account Aggregator tab
 Thank You

Disclaimer
The contents of this document is strictly private and confidential and is being provided to you solely for your information. Without the express prior written
consent of Bajaj Finance Limited (BFL), the Presentation and any information contained therein shall not be (i) reproduced (in whole or in part), (ii) copied at
any time, (iii) used for any purpose other than your evaluation of the Company or (iv) provided to any other person, except your employees and advisors on a
need to know basis and who are advised of confidentiality of the information. The term ‘document’ referred herein includes any written or oral information
discussed during or after the presentation meeting. This document may contain certain forward looking information which may reflect BFL’s current
expectations regarding future events. Please note that the actual events may differ materially from those projected in this document. Reliance on the contents
of this document is at your own sole risk and consideration and neither BFL nor its group companies or any of its directors, officers, employees or advisors
accept any liability whatsoever.