NBFC Registration in India
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India's trusted legal experts for Non-Banking Financial Company (NBFC) registration. End-to-end RBI filing, documentation & compliance — at the lowest price, guaranteed.
Complete NBFC Registration Assistance
Non-Banking Financial Company
What is an NBFC?
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act 2013, regulated by the Reserve Bank of India (RBI) under Section 45-IA of the RBI Act, 1934.
- Loans & Advances (Personal, Business, Vehicle)
- Investment in shares, stocks & bonds
- Asset financing & hire-purchase
- Microfinance to rural & underserved borrowers
- Infrastructure & equipment finance
- Peer-to-peer lending (P2P)
- Housing finance & mortgage loans
- Account aggregation & financial data services
NBFC Sector at a Glance
NBFCs serve 40+ crore Indians who lack access to traditional banking — making this one of India's most powerful financial business opportunities.
Comparison
NBFC vs Bank vs Other Financial Licenses in India
Understand why an NBFC is the smartest financial business structure for entrepreneurs and investors.
| Feature | NBFC | Scheduled Bank | Nidhi Company | Microfinance (MFI) | P2P Platform |
|---|---|---|---|---|---|
| Regulator | RBI | RBI | MCA | RBI/NABARD | RBI |
| Minimum Capital | ₹10 Crore | ₹500+ Crore | ₹10 Lakh | ₹5 Crore | ₹2 Crore |
| Accept Deposits? | No (except Deposit NBFCs) | Yes | From members only | No | No |
| Give Loans? | Yes (All types) | Yes | Members only | Small loans only | P2P only |
| Ease of Getting License | Moderate | Very Difficult | Easy | Moderate | Moderate |
| Business Scope | Very Wide | Wide | Narrow | Very Narrow | Narrow |
| Typical Timeline | 3–6 months | 2–3 years | 3–4 months | 6–12 months | 4–6 months |
Categoriess
Types of NBFCs in India (2024-25)
RBI classifies NBFCs into multiple categories. Choose the right type based on your business model.
Investment & Credit Company (ICC)
Most common NBFC type. Provides loans, credit facilities, and invests in securities. Ideal for lending startups and finance businesses.
Infrastructure Finance Company (IFC)
Finances infrastructure projects such as roads, bridges, airports, and power plants. At least 75% of assets must be deployed in infrastructure financing.
Micro Finance Institution (NBFC-MFI)
Provides small-ticket loans to low-income households and underserved communities. Minimum 85% of qualifying assets must be in microfinance activities.
Housing Finance Company (HFC)
Specializes in home loans, housing finance, and property-related lending. Operates under the regulatory framework applicable to housing finance entities.
NBFC-Factor
Engages in factoring activities by purchasing trade receivables and invoices from businesses, helping improve working capital and cash flow.
Peer-to-Peer Lending (P2P)
Operates a digital platform that directly connects lenders with borrowers, enabling technology-driven lending solutions.
Account Aggregator (AA)
Facilitates secure collection and sharing of customer financial information with consent, enabling seamless financial data exchange.
Core Investment Company (CIC)
Primarily invests in equity shares, preference shares, and debt instruments of group companies. Typically used by large business groups.
Step-by-Step Process
NBFC Registration Process in India - 2024-25
Our experts guide you through every step of the RBI NBFC registration process.
Incorporate a Private/Public Limited Company
Register your company under Companies Act 2013 with MCA. The MOA must explicitly state financial/lending activity as the primary business object. SSATAX handles complete company incorporation.
7–10 daysArrange Minimum ₹10 Crore Net Owned Fund
Deposit minimum ₹10 crore in the company's bank account. Obtain a Net Worth Certificate and Fixed Deposit Receipt from a recognized bank. This is verified by RBI.
Pre-requirementPrepare RBI-Compliant Documentation
Compile business plan, financial projections, KYC of directors, credit reports, board resolutions, and statutory declarations in RBI-prescribed formats. SSATAX's expert team prepares all documents.
10–15 daysFile Online Application on RBI COSMOS Portal
Submit the NBFC registration application with all supporting documents on RBI's official COSMOS portal. Generate the Company Application Reference Number (CARN).
1–2 daysSubmit Physical Application to RBI Regional Office
Submit a physical copy of the COSMOS application (with stamped acknowledgment) to the relevant RBI Regional Office in your state. SSATAX handles this filing on your behalf.
1–2 daysRBI Due Diligence & Scrutiny
RBI conducts background verification of promoters and directors, reviews business plan, checks financial feasibility, and may call for meetings or clarifications. Our team represents you and responds to all queries.
3–5 monthsReceive Certificate of Registration (CoR)
Upon RBI approval, you receive the Certificate of Registration. Your company name is added to the official RBI NBFC List. You can now commence financial business operations legally.
30 days post-approvalChecklist
Documents Required for NBFC Registration
SSATAX helps you prepare every document accurately no back-and-forth with RBI.
- Certificate of Incorporation (COI)
- MOA & AOA with financial activity clause
- Net Worth Certificate certified by CA
- Board Resolution for NBFC registration
- Audited Balance Sheet & P&L (3 years if available)
- Bank Statement showing ₹10 crore NOF
- IT infrastructure details & system audit report
- 5-Year detailed business plan with projections
- PAN Card (all directors)
- Aadhaar Card / Passport / Voter ID
- Latest address proof (utility bill / bank statement)
- CIBIL / Credit Report
- Educational qualification certificates
- Professional experience certificate / CV
- Passport-size photographs
- Declaration of fit & proper criteria (RBI format)
Ongoing Compliance
Post-Registration Compliance for NBFCs
Getting the license is just the beginning. SSATAX provides full post-registration compliance support.
Monthly NBS Returns
Submit NBS-1, NBS-2, NBS-3 and other prescribed returns to RBI on a monthly basis as per applicable NBFC regulations.
Quarterly Compliance Reports
File capital adequacy reports, Asset Liability Management (ALM) statements, and other risk-based regulatory submissions.
Annual Statutory Audit
Mandatory audit of financial statements and regulatory records by a qualified Chartered Accountant every financial year.
Credit Rating Compliance
Obtain and maintain valid credit ratings where required, especially for NBFCs accepting public funds or deposits.
Director KYC Updates
Complete annual DIR-3 KYC filings and ensure directors continue to satisfy RBI's Fit & Proper criteria.
FIU-IND Reporting
Comply with anti-money laundering regulations through suspicious transaction reporting and FIU-IND filings.
CRAR Maintenance
Maintain the prescribed Capital to Risk-weighted Asset Ratio (CRAR) and comply with RBI prudential norms.
IT Audit & Cyber Security
Conduct annual IT system audits and implement cybersecurity controls as mandated under RBI technology guidelines.
Why Choose Us
Why SSATAX - What Makes Us Different?
100% Success Rate
Every NBFC application we've filed has received RBI approval. We don't proceed until your documentation is perfect.
Fastest Processing
Our pre-verified documentation checklist eliminates RBI back-and-forth, cutting typical timelines by 30%.
Strategic Business Plan
We write a custom, RBI-impressing business plan based on your target market — not a copy-paste template.
100% Confidential
Your financial and personal documents are handled with complete confidentiality and secure digital storage.
Free Lifetime Support
After registration, we don't disappear. Get free consultation forever — compliance, RBI queries, expansions.
Lowest Price Guarantee
We match or beat any competitor's quote. Professional service doesn't have to cost a fortune.
Frequently Asked Questions
NBFC Registration - FAQs
Everything you need to know, answered clearly.