Nidhi Company Registration

Get NBFC Registration in India
@ Rs. 2,49,999/-*

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  • Name Approval + COI + PAN + TAN + DSC DIN 
  • License Issuance by Reserve Bank of India
  • 100% Guaranteed Approval by Reserve Bank of India
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Mandatory Conditions for NBFC Registration with RBI

Before applying for NBFC Registration with RBI, it is mandatory to fulfill the below conditions:

  • NBFC can not do other business than financing business such as agricultural, normal industrial business, sale purchase other than securities.
  • It must have financial business as its principle business.
  • The applicant's company must have NOF of at least Rs. 2 crores, and Tax has to be paid.
  • No failure of loan repayments must be there in past.
  • Credit scores of directors and shareholders should be in good standing.
  • In case of a foreign investment, a firm must comply with the FEMA Act.
  • A company applying for a permit must meet obligatory compliance requirements.

Process of NBFC Registration

nbfc Registration

Documents Required for NBFC Registration

  • Action plan for the next 5 years along with Banker's Report confirming no lien on fixed deposits. 
  • Net Worth Certification of Shareholders, Directors, and Company.
  • Educational Qualification docs of proposed directors  
  • Highest Experience certificates
  • Directors and Shareholders' business profile Directors' & shareholders credit reports
  • KYC info, PAN, GST no. of company, address proof
  • Bank Account Details of business
  • Audited Balance sheet of last 3 years Tax returns for income.

Our Pricing

Simple & Affordable Pricing


Basic Plan

  • 3 DIN & DSC
  • PF & ESIC
  • MOA & AOA
  • RBI License
  • RBI Certificate
  • NBFC License
  • CA/CS Support

Note: Above charges are excluding gov. fees & other charges.

Standard Plan

  • 3 DIN & DSC
  • PF & ESIC
  • MOA & AOA
  • RBI License
  • RBI Certificate
  • NBFC License
  • ROC Compliance
  • CA/CS Support

Note: Above charges are excluding gov. fees & other charges.

Premium Plan

  • 3 DIN & DSC
  • PF & ESIC
  • MOA & AOA
  • RBI License
  • RBI Certificate
  • NBFC License
  • ROC Compliance
  • RBI Compliance
  • GST Compliance
  • CA/CS Support

Note: Above charges are excluding gov. fees & other charges.

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Partnership Firm Registration in India

About Non-Banking Financial Companies

Are you planning to create a Non-Banking Financial Company (NBFC) in India? The procedure for NBFC Registration can be complicated, with many legal and regulatory requirements. Don't worry! Legal Piller's expert panel of CA/CS, Advocates, and Tax Consultants specializes in offering NBFC registration services that help you navigate the registration process. Our team has been employed in several large NBFCs and is well-versed in RBI master directions applicable to NBFCs. If you are engaged in the business of providing loans & advances, acquisition of shares/stocks/bonds/debentures/securities or other marketable securities of similar nature, leasing, hire-purchase, insurance business, Digital lending or co-lending and any additional financing or investment then as per RBI guidelines on Principal business criteria (PBC), you will require to apply for NBFC certificate of registration with RBI. The Reserve Bank of India strictly controls and ensures that NBFCs adhere to the regulations and provisions set forth by Chapter III B in the RBI Act, 1934.

More Details

Register with Ministry

Its registration is done with the Reserve Bank of India(RBI) which makes it a better registration option than others.


RBI Approved

Non Banking Financing companies are directly government by RBI. however, these are registered under Companies Act, 2013 and have to follow compliances of said act along with RBI guidlines.


100% Online Process

To register a NBFC Company in India you don't need to be physically present at any offices. It's a 100% Online process. Our professionals will complete liasioning work with RBI on your behalf.


Faster Loans Processing

NBFCs offer customized loan solutions and initiate faster loan processes. You can easily start your fintech company.

Benefits of NBFC Registration


Lending Company

NBFC is highest form of registration for Lending and other non banking business regulated by Reserve Bank of India directly.


Flexibility in Operations

NBFCs have flexibility to design and offer a diverse range of financial products and services according to the specific needs of customers.


Risk Mitigation

Diversification of risks across a variety of assets, sectors, or products is a characteristic of NBFCs, helps in manage risks effectively.


Financial Empowerment

Your NBFC can provide financial services where traditional banks may not venture, fostering economic inclusion and growth.


Support for SMEs

NBFCs play an important role in providing financial assistance to small and medium-sized enterprises.


Advanced Technology

NBFCs often adopt cutting-edge technologies to streamline operations and enhance customer experiences.

Types of NBFCs

NBFCs are classified into two types, On The Basis Of Liabilities & NBFCs based on their Activities: At present, RBI is not allowing any new licenses in Deposit-taking NBFCs under Liabilities category. Some major types of NBFCs are:

More Details

Asset Finance Company(AFC)

Primarily engaged in the financing of physical assets like automobiles, construction equipment, industrial machines, etc


Investment Company (I.C.)

Engaged in the acquisition of securities, such as shares, stocks, bonds, debentures, or other marketable securities.


Loan Company (L.C.)

Primarily engaged in providing loans and advances, whether secured or unsecured, against securities, property, or assets.


Infrastructure Finance Company (IFC)

Provides finance to infrastructure projects and has a minimum of 75% of its total assets in infrastructural loans.


Systemically Important Core Investment Company (CIC-ND-SI)

A Non-Deposit NBFC (ND-NBFC) holds at least 90% of its total assets in the form of investment in equity shares, debentures, or debt in group companies.


Microfinance Institution (MFI)

Engaged in providing financial services like micro-credit, micro-insurance, and micro-savings to low-income individuals and groups.


Housing Finance Company (HFC)

Engaged primarily in the business of providing finance for housing or real estate development.


Non-Banking Financial Company(NBFC-Factors)

Engaged in the business of factoring, which involves buying receivables and financing against them.

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Find answers to most popular questions asked to us.


Acquiring an NBFC license involves a structured process mandated by the Reserve Bank of India (RBI). At Legal Pillers, we specialize in guiding businesses through every step of this process.

A Non-Banking Financial Company (NBFC) is a financial institution that provides banking services without meeting the legal definition of a bank.

Initiating an NBFC in India requires meticulous planning, thorough documentation, and compliance with the RBI guidelines. Our team at Legal Pillers is well-versed in the process and can assist you in every aspect.

Yes, registration with the Reserve Bank of India (RBI) is mandatory for any entity wishing to operate as an NBFC in India.

An NBFC Bank, also known as a Non-Banking Financial Company that functions as a Bank, offers services similar to traditional banks, such as lending and investing.

Unlike banks, NBFCs cannot issue checks drawn on themselves, and they do not form part of the payment and settlement system. They are not allowed to accept demand deposits.

In the event of incorporation of the company, up to three directors can fill out the integrated form to file a request for the allocation of DIN.

There are different categories of NBFCs based on their activities, such as Asset Finance Companies, Loan Companies, Investment Companies, Infrastructure Finance Companies, Infrastructure Debt Funds, Microfinance Institutions, and more.

NBFCs in India are primarily regulated by the Reserve Bank of India (RBI) under the regulations of the Reserve Bank of India Act, 1934.

The minimum capital requirement for an NBFC in India varies depending on the type of NBFC. Our well versed expert guides you through the entire process of the registration.

Some NBFCs are allowed to accept public deposits, while others are not. Those permitted to take deposits are regulated more strictly and need to follow specific rules and regulations set by the RBI.

NBFCs provide a wide range of financial services, including lending, leasing, hire-purchase, insurance, investment in stocks and bonds, and more. They often serve specific niches or industries.

yes, there are some Compliance Requirements for NBFC. Our team is well-versed in the regulations and will guide you in meeting all compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC)guidelines.

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