Finocket already reconciles your bank statements. You import a CSV (auto-detected for 11 Indian bank formats) and match each line to a recorded payment or expense. Pulling those lines automatically, without a file, needs a licensed bank-feed or Account Aggregator (AA) vendor in the middle.
What is live today
The plumbing for a live feed is built and secure, but no bank-feed vendor is wired in yet, so nothing fetches on its own. Concretely:
- Built: the bank-feed interface (verify credentials, list linked accounts, fetch a date-windowed page of transactions) and an encrypted credential vault (AES-256-GCM) to hold a vendor account's secrets safely.
- Not live: automatic fetch of bank lines. No provider is available to select yet, so the connect form on Banking → Bank feeds shows the “no bank feed connected” state. It switches on only once a vendor is chosen and its credentials are connected.
Why a fetched line reconciles exactly like a CSV line
A feed does not get a second, parallel reconcile engine. The vendor adapter normalizes every fetched transaction into the same line shape the CSV parser already produces: a signed amount (money in positive, money out negative), an ISO date and a narration. It lands as a statement stamped feed:<provider>. Downstream, the matcher cannot tell a fed line from an imported one, so everything you already trust about reconciliation holds unchanged.
Why a vendor is required
Banks do not expose transaction data to businesses directly. An automated feed flows through an RBI-licensed Account Aggregator or a bank-feed aggregator. Choosing one is a commercial decision (coverage, pricing, consent flow), so Finocket ships the vendor-neutral interface and vault now and lets you connect the vendor you pick, without a product update.
What you can do in the meantime
- Download your statement from your bank as CSV and import it on Banking → Reconcile. HDFC, ICICI, SBI, Axis, Kotak and Canara formats are auto-detected; PNB, BoB, IDFC FIRST, Yes and IndusInd are auto-detected too, marked Beta until we've confirmed them against a real export.
- Set up bank rules so recurring lines categorise themselves as you reconcile.
Claims discipline: the bank-feed interface and the credential vault are built; no bank-feed / Account Aggregator vendor is connected yet, so Finocket does not auto-fetch bank lines today. CSV import does the same job manually. We will say so plainly until a vendor is live.