NBFC Registration - RBI

Overview

A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act and holding a Certificate of Registration (CoR) from the Reserve Bank of India under Section 45-IA of the RBI Act, 1934. NBFCs engage in lending (personal loans, business loans, vehicle loans), investment (equity, debt), leasing and hire purchase, and infrastructure finance. Unlike banks, NBFCs cannot accept demand deposits but play a critical role in credit delivery to underserved segments.

RBI classifies NBFCs into several categories: Investment and Credit Companies (NBFC-ICC — the most common), Infrastructure Finance Companies, Microfinance Institutions (NBFC-MFI), Peer-to-Peer Lending Platforms (NBFC-P2P), Account Aggregators (NBFC-AA), and Housing Finance Companies (regulated by NHB). The minimum net owned fund (NOF) requirement is Rs.10 crore for most NBFC categories. The registration process involves a detailed application to RBI including business plan, financial projections, KYC of promoters, and management expertise documentation.

MFiling provides end-to-end NBFC registration support — incorporating the company, building NOF documentation, preparing the RBI application, and following up through CoR issuance. MFiling professional charges: from Rs.49,999 (government fees and RBI charges billed separately).

Key Benefits

Documents Required

How it Works

Frequently Asked Questions