Confused about which RBI norms apply to your NBFC business? 🤯 Corpbiz brings you a clear and detailed explanation of how the RBI classifies NBFCs and the rules each type must follow. Whether you're looking for NBFC Registration with RBI, or need help with PPI license apply online or NBFC Account Aggregator license online, this blog covers it all. Learn the difference between base layer and upper layer NBFCs and what compliance means for you.
Steps to Get NBFC License Online:
Register a Company: Incorporate a Private or Public Limited Company under the Companies Act, 2013.
Maintain Net Owned Fund (NOF): Deposit at least ₹2 crore in the company’s bank account.
Prepare Documents: This includes incorporation papers, financial records, KYC of directors, and a business plan.
Apply Online via RBI’s COSMOS Portal: Submit the NBFC application form and upload required documents.
Submit Hard Copy to RBI: Send a physical copy of the application and documents to the regional RBI office.
Await RBI Approval: After verification, RBI will grant the NBFC registration certificate.
The entire process may take 4 to 6 months depending on document quality and compliance.
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