Protean Account Aggregator Ltd., operating under the brand SurakshAA, is an RBI-licensed Account Aggregator headquartered in Mumbai, Maharashtra. Incorporated in 2021 as a wholly owned subsidiary of Protean eGov Technologies Ltd. (formerly NSDL e-Governance Infrastructure Ltd.), the company received its NBFC-AA licence from the Reserve Bank of India in October 2021.
Protean eGov, the parent company, has decades of experience in building and managing large-scale digital infrastructure in India, including systems for PAN cards, eKYC, tax networks, and pension schemes. By leveraging this foundation, SurakshAA positions itself as a highly trusted and secure AA platform.
An Account Aggregator is a framework introduced by the Reserve Bank of India (RBI) that allows users to share their financial data digitally and securely, with consent. Instead of manually providing physical statements, users can approve data sharing through a simple digital consent process.
ProteanSurakshAA provides consent-based financial data sharing under the RBI’s Account Aggregator framework. It enables individuals and businesses to link their accounts and authorize data transfers digitally, connecting Financial Information Providers (such as banks, insurers, and mutual funds) with Financial Information Users (like lenders, NBFCs, and fintechs).
The platform also offers a consumer-facing app, allowing users to register, link multiple accounts, monitor ongoing consents, and revoke access at any time. By putting all consent management tools in one place, the app ensures users retain full control over their financial information.
This consent-driven process ensures data is always shared securely, with full transparency and control in the hands of the user.
Banks and NBFCs can use ProteanSurakshAA to access verified customer data such as account statements and income history. This helps them assess creditworthiness more quickly and approve loans or credit cards without relying on manual paperwork.
Digital lenders and fintech platforms can integrate with SurakshAA to simplify their onboarding journeys. Instead of asking users to upload bank statements or salary slips, they can pull data securely through the AA framework with customer consent.
For small businesses, SurakshAA can enable easier access to working capital loans. By allowing SMEs to share cash flow data directly from their bank accounts, lenders can evaluate repayment capacity faster and with more confidence.
ProteanSurakshAA is useful whenever you need to share financial data quickly and securely. If you are applying for a loan or credit card, instead of handing over paper statements, you can approve a consent request through the SurakshAA app and let the lender receive your verified data instantly. Institutions such as ICICI Prudential Life Insurance already list SurakshAA among the trusted Account Aggregators in the ecosystem.
It also helps during onboarding with digital lenders or banking platforms, where your data can be shared directly with consent instead of uploading documents manually. For individuals, the SurakshAA app offers transparency by showing all active consents in one place, with the option to revoke access anytime.
The biggest strength of SurakshAA is the credibility of its parent company, Protean eGov Technologies Ltd. (formerly NSDL e-Governance). With decades of experience in running India’s critical digital infrastructure like PAN, tax networks, and pension systems, Protean brings unmatched trust and expertise to the AA space. This background makes SurakshAA one of the most institutionally reliable players in the ecosystem.
Another benefit is its consumer-facing app, which ensures individuals can directly manage their data. Users can register, link multiple accounts, approve or revoke consents, and track their history in one place. This direct control makes the AA process more transparent and easier for everyday users.
Finally, SurakshAA benefits from being a secure and trusted channel for financial institutions. Banks, NBFCs, and fintechs can integrate with confidence, knowing the platform is backed by a proven entity in handling sensitive data at scale. This combination of institutional trust, user control, and ecosystem readiness makes SurakshAA stand out among AAs in India.
When compared to private AAs like Finvu or OneMoney, SurakshAA stands apart because of its strong institutional foundation through Protean eGov Technologies Ltd. This gives it credibility similar to NADL, which is backed by NeSL and the Government of India. Both SurakshAA and NADL are seen as highly reliable players because they come from entities that already manage sensitive national-scale digital infrastructure.
The difference between the two lies in their backgrounds. NADL is rooted in debt recovery and financial information utilities, while SurakshAA builds on Protean’s legacy of PAN, tax networks, and pension systems. This means NADL has a natural alignment with institutional lending and compliance-heavy use cases, while SurakshAA benefits from long experience in large-scale citizen services and data management.
Compared to VC-backed players like Finvu or fintech-linked AAs like CRIF and CAMSFinServ, both SurakshAA and NADL enjoy the advantage of trust and long-term stability. However, the flip side is that they may move slower in experimenting with consumer-facing features or fintech-specific innovations. Their strength lies in being dependable, regulated platforms that inspire confidence among banks, insurers, and regulators.
SurakshAA is steadily expanding its role in India’s AA ecosystem with strong adoption numbers. By mid-2023, it had already processed more than 10.3 million consent approvals, linked over 8.7 million accounts, and onboarded around 200 FIUs (Financial Information Users) and 60 FIPs (Financial Information Providers). These figures show that the platform has built a solid foundation for future growth.
The company is expected to deepen its integrations with more banks, NBFCs, and fintech platforms. As AA adoption spreads across lending and personal finance, SurakshAA’s focus will likely remain on scaling its infrastructure and making consent-driven data sharing more seamless for both users and institutions.
Looking ahead, SurakshAA is also well placed to extend its reach into semi-urban and rural markets. Backed by Protean’s track record in building large-scale digital systems like PAN and pension networks, it has the capability to deliver secure financial data sharing to segments that have traditionally had limited access to formal credit and financial services.
SurakshAA is an RBI-licensed Account Aggregator operated by Protean Account Aggregator Ltd., a subsidiary of Protean eGov Technologies Ltd. It allows users to share their financial data digitally and securely, only with consent.
SurakshAA received its NBFC-AA licence from the Reserve Bank of India in October 2021.
SurakshAA is fully owned by Protean eGov Technologies Ltd. (formerly NSDL e-Governance), the company that manages platforms like PAN services, tax networks, and pension systems in India.
Yes. SurakshAA provides an app where users can register, link their bank accounts, approve or revoke consents, and track their data-sharing history.
Unlike VC-backed or privately owned AAs, SurakshAA comes from Protean eGov, which has decades of experience running India’s critical digital infrastructure. This makes it one of the most trusted and institutionally reliable AAs.
No. SurakshAA does not store or read your data. It only acts as a regulated channel for transferring encrypted information between institutions with your permission.
Yes. SMEs can share their account and transaction data through SurakshAA, helping lenders assess their cash flows and extend working capital loans more easily.
SurakshAA is focusing on scaling adoption, expanding its coverage across more financial institutions, and bringing consent-based data sharing to semi-urban and rural India.
SurakshAA, operated by Protean Account Aggregator Ltd., brings the credibility of Protean eGov Technologies into the Account Aggregator ecosystem. With its strong institutional backing, regulatory compliance, and consumer-facing app, it has positioned itself as one of the most trusted AAs in India. By making consent-based data sharing simple and secure, it helps both individuals and financial institutions engage in faster and more reliable financial transactions.
Looking ahead, SurakshAA is expected to deepen its presence across the financial ecosystem, expanding integrations with banks, NBFCs, and fintechs while reaching semi-urban and rural users who stand to benefit the most from digital credit access. With its proven ability to handle large-scale infrastructure and focus on empowering users, SurakshAA is well placed to play a central role in India’s shift toward a consent-driven financial future.
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