NBFC Registration

Non-Bank Finance Company Registration

Non-Banking Financial Companies (NBFCs) operate like banks but lack banking licenses. Also known as Non-Bank Financial Institutions (NBFIs), they focus on loans, advances, and investments in government securities. However, they don’t engage in agricultural activities or property construction. NBFCs primarily collect deposits under specific schemes and are also termed Residuary Non-Banking Companies.


Requirements for NBFCs include:

  • A minimum net-owned fund of Rs. 2 Crore.
  • At least one director with NBFC/banking experience.
  • Clear CIBIL records for all directors.
  • Adherence to RBI-prescribed interest rates.
  • Inability to issue self-drawn cheques.
  • Prohibition from providing gifts or incentives to depositors.
  • Deposits with NBFCs are not insured.

Documents required

  • Aadhaar card
  • PAN card
  • Director and partner proofs
  • Incorporation certificate
  • Bank statement
  • Company's financial statement
  • Memorandum of Association
  • Articles of Association
  • Copy of GST registration
  • Income tax copy
  • Brief documentation of business activities.

Activities of NBFC

Step1: Apply via COSMOS

Submit the NBFC registration application through the RBI's official website, COSMOS. Download the application after applying online.

Step 2: Provide Approved Regional Office

Name List the regional office name in Annex-1 identification within the Excel application form.

Step 3: Receive Application Reference Number

Once applied, you'll receive a Company Application Reference Number. Use this for online Certificate of Registration (COR) application.

Step 4: Submit Documents to Regional Office

Send the application form and necessary documents to the RBI's concerned regional office. Provide the online CARN (Centralized Application Receipt Number).

Step 5: Track Application Status

Follow these steps and monitor the application status on the COSMOS website.


The Reserve Bank of India (RBI) oversees and governs the establishment and functioning of NBFCs in India.

NBFCs are restricted from accepting demand deposits, issuing cheques, and issuing demand drafts, as they are not part of the payment and settlement system.

  • Infrastructure Finance Company (IFC),
  • Systemically Important Core Investment Company (CIC-ND-SI),
  • Non-banking Financial Company-Factors (NBFC-Factors), and
  • Mortgage Guarantee Company (MGC) are different types of financial institutions.
  • Merchant banking companies
  • Core investment companies
  • Chit fund companies that defined under Chit Fund Act, 1982.
  • Nidhi companies defined under Companies Act, 2013.
  • Companies that are engaged in the stock broking.
  • Housing finance companies
  • Venture Capital companies
  • Insurance companies.