NBFC Registration Online in India

Q: What is the minimum capital required for an NBFC license, and what happens if I don’t meet the ₹10 Cr NOF?

An NBFC must have a Net Owned Fund (NOF) of ₹10 crore, with specialized NBFCs requiring higher capital. If this amount is not met by March 31, 2027, the NBFC will face de-registration, though the RBI may allow mergers or recapitalization.

Q: How much does it cost to get an NBFC registration?

Beyond ₹10 Cr NOF, expect ₹2–3 lakh in costs for company setup, RBI fees (~₹3,00,000), documentation, and consultant charges (₹50K–₹1.5L). The total cost varies based on the professional services used.

Q: How long does the RBI take to issue an NBFC registration certificate?

The process takes around 3–6 months, depending on how complete and accurate your application is. Delays are common if documents are missing or unclear. Timely responses to the RBI help speed things up.

Q: Can an individual apply for an NBFC license?

No, an individual cannot apply directly. NBFC licenses are only granted to registered companies. However, individuals can be directors or shareholders of the company applying for the NBFC license.

Q: Is it mandatory to have a finance background to be an NBFC director?

A finance background is not mandatory, but helpful. RBI requires directors to meet its ‘fit and proper’ criteria. This includes good character, financial integrity, and some business or professional experience.

Q: What is the RBI’s official portal for NBFC registration online?

NBFC registration is done through the PRAVAAH portal. You must complete the online application, upload the required documents, and later submit hard copies to the RBI office.

Q: What happens if my NBFC application is rejected?

If the RBI rejects your application, they will usually explain why. You may fix issues like incomplete documents or a weak business plan and reapply. Proper documentation improves re-approval chances.

Q: What is the difference between a deposit-taking and a non-deposit-taking NBFC?

Deposit-taking NBFCs accept public deposits and follow strict RBI norms. Non-deposit-taking NBFCs don’t accept deposits and have lighter compliance. Both must register with the RBI but operate under different rules.

Q: What is an NBFC-P2P or Account Aggregator?

NBFC-P2Ps are digital lending platforms connecting borrowers and lenders. NBFC-AAs share financial data between institutions with user consent. Both need RBI approval and follow separate regulations under their categories.

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MCA Certified Experts

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Trusted Reviews

2500+

Monthly Clients Onboardings

Serving Businesses Across India

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Frequently Asked Questions (FAQs)

What is the first step for NBFC registration in India?

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The first step is to incorporate a Private or Public Limited company under the Companies Act, 2013. The company must have NBFC-related business objects in its MOA. Once incorporated and capitalized, you can apply for NBFC registration with the RBI.

What is the minimum capital required for an NBFC license, and what happens if I don’t meet the ₹10 Cr NOF?

How much does it cost to get an NBFC registration?

How long does the RBI take to issue an NBFC registration certificate?

Can an individual apply for an NBFC license?

Is it mandatory to have a finance background to be an NBFC director?

What is the RBI’s official portal for NBFC registration online?

What happens if my NBFC application is rejected?

What is the difference between a deposit-taking and a non-deposit-taking NBFC?

What is an NBFC-P2P or Account Aggregator?

Can a foreign company start an NBFC in India?

What are the main challenges in the NBFC registration process?

What is a 'Fair Practices Code' for an NBFC?

After getting the license, what is the most important compliance to follow?

What is the difference between NBFC Registration and NBFC DSA Registration?

Why Choose RegisterKaro for the NBFC Registration Service?

We provide expert support for NBFC registration and compliance. Here are some reasons to choose us:

Expert Guidance: Our team of over 200 professionals helps you structure your company, meet RBI requirements, and complete all legal paperwork correctly.
Navigate RBI's Strict Requirements: We ensure your business plan, NOF certification, and director declarations are flawless, avoiding common pitfalls that cause rejection.
End-to-End Support: From company setup to final RBI approval, we handle everything, including paperwork, online submission (PRAVAAH), and follow-ups, so you can focus on your business.
Proactive Follow-ups: We track your application with RBI to quickly resolve any issues, speeding up the approval process.

Why Choose RegisterKaro for the NBFC Registration Service?

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