Steps to Get NBFC License Online:
Register a Company: Incorporate a Private or Public Limited Company under the Companies Act, 2013.
Maintain Net Owned Fund (NOF): Deposit at least ₹2 crore in the company’s bank account.
Prepare Documents: This includes incorporation papers, financial records, KYC of directors, and a business plan.
Apply Online via RBI’s COSMOS Portal: Submit the NBFC application form and upload required documents.
Submit Hard Copy to RBI: Send a physical copy of the application and documents to the regional RBI office.
Await RBI Approval: After verification, RBI will grant the NBFC registration certificate.
The entire process may take 4 to 6 months depending on document quality and compliance.
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