nbfc license registration in India

GSB Taxation is the online nbfc license registration in India. If you want to register a nbfc license online in delhi, you can get free consultation from the expert CA at GSB taxtaion. inquire online for nbfc license registration online application. Here are the document details for nbfc license.

NBFC can be registered with a Net owned fund Rs. 2 Cr only and even for small bank Net owned fund should be Rs. 100 Cr

NBFCs are primarily focused in meeting the financial needs of the underserved section while Banks target upon the organized sector like big business houses and salaried individuals.

The processing of loans from NBFC license online is much faster as compared to the Banks. Also, there is less paper work and less stringent compliances in the case of availing loans from NBFCs.

Banks accept deposits, however only those NBFCs are entitled to accept deposits from public who have been granted license from RBI to accept such deposits.

Banks can issue cheques drawn on itself while NBFCs cannot as they do not form part of Payment and Settlement system.

NBFC Registration can be completed in 90 to 120 days where as even for small bank registration it takes 12 to 24 Months.

The costs in establishing online NBFC license in india is usually low making it a more lucrative option as compared to banks.Less compliance in NBFCs in comparison to the bank.

Inquire online for NBFC License registration in delhi NCR (India).