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Navigate RBI Regulations with Expert Guidance in Bhilai?
From NBFC registration to ongoing compliance - our RBI specialists ensure you stay fully compliant
HERE'S HOW IT WORKS
1. Fill the Form
Simply fill the above form to get started.
2. Call to discuss
Our team will reach out to guide you through the process.
3. Get Complete RBI Compliance Support
Whether you need a new license or ongoing compliance, our experts handle everything. Quick and hassle-free.
SIMPLE & TRANSPARENT PRICING
MOST POPULAR
RBI Compliance Package in Bhilai
₹9999 /one-time
Get incorporated in 6 days
Fast 6-day process 100% guaranteed
RBI Requirement Assessment
License Category Analysis
Application Preparation
Document Compilation
RBI Liaison & Follow-up
Query Response Handling
Compliance Framework Setup
Annual Filing Support
Regulatory Updates
Dedicated RBI Expert
*Govt fees charged at actuals based on your company type
4.9/5 based on 1023+ reviews
Refund guarantee
Safe transactions
5-star service
IncorpX Prime
Comprehensive business registration package with priority processing and expert guidance at every step.
Key Benefits
Dedicated relationship manager assigned to your company.
Application prepared and filed within 1 days.
Round-the-clock WhatsApp support.
Important Notes
We strive to register your preferred business name whenever feasible.
Expert guidance on MCA-compliant naming conventions.
The Reserve Bank of India (RBI) is India's central bank and the primary regulator for the banking, financial services, and payment systems sector. Any entity involved in lending, accepting deposits, operating payment systems, or dealing in foreign exchange must obtain appropriate licenses from RBI and maintain ongoing compliance.
RBI compliance encompasses a wide range of activities including NBFC registration, payment aggregator/gateway licensing, forex dealer licenses, and various periodic filings. Non-compliance with RBI regulations can result in heavy penalties, license cancellation, and prosecution under the RBI Act and other applicable laws.
At IncorpX, we provide comprehensive RBI Compliance Services covering the entire spectrum of Reserve Bank regulations. Our team of experienced regulatory professionals, Chartered Accountants, and Company Secretaries helps fintechs, NBFCs, and financial services companies navigate RBI requirements seamlessly.
Whether you're a fintech startup looking to obtain a payment aggregator license, an NBFC seeking registration, or an established company needing ongoing compliance support, IncorpX has the expertise to guide you through every step of your RBI regulatory journey.
What is RBI Compliance?
RBI Compliance refers to adherence to the regulations, guidelines, and directions issued by the Reserve Bank of India. It covers various aspects including licensing, capital requirements, operational norms, reporting requirements, and corporate governance standards for regulated entities.
Key areas of RBI compliance include:
Licensing: Obtaining necessary licenses to operate as NBFC, payment aggregator, forex dealer, etc.
Prudential Norms: Maintaining capital adequacy, asset classification, and provisioning norms.
Reporting: Filing periodic returns and reports with RBI.
KYC/AML: Implementing robust Know Your Customer and Anti-Money Laundering procedures.
Payment System Operators:
Payment aggregators, payment gateways, prepaid payment instruments.
Forex Dealers:
Authorized dealers, Full Fledged Money Changers, money transfer operators.
Account Aggregators:
Financial data aggregation companies under AA framework.
Critical RBI Compliance Warning!
Operating without required RBI licenses is a serious offense. Violations can attract penalties up to ₹25 crore and imprisonment up to 10 years for directors under the RBI Act. Even licensed entities face penalties for non-compliance with reporting and prudential norms.
Our RBI Licensing Services in Bhilai:
IncorpX provides comprehensive support for all types of RBI licenses and registrations:
License Type
Description
Who Needs It
Timeline
NBFC Registration
License to operate as Non-Banking Financial Company
Lending companies, investment firms, MFIs
4-6 months
Payment Aggregator (PA)
License to collect payments on behalf of merchants
Fintech payment companies, marketplaces
6-12 months
AD License (Category I/II)
Authorized Dealer license for forex operations
Banks, large NBFCs with forex operations
6-9 months
FFMC License
Full Fledged Money Changer license
Currency exchange companies, travel agents
4-6 months
Account Aggregator
License to aggregate financial data
Fintech data companies under AA framework
6-9 months
NBFC-P2P
Peer-to-Peer lending platform license
P2P lending platforms
4-6 months
What Are the Key Features of Our RBI Compliance Service?
Our RBI Compliance Services are designed for comprehensive regulatory support. Here's what makes IncorpX the preferred choice for RBI matters:
1. RBI Expertise
Deep expertise in RBI regulations covering NBFCs, payment systems, and forex.
2. License Applications
End-to-end support for all RBI license applications with high success rate.
3. Capital Planning
Guidance on capital adequacy and net owned fund requirements.
4. KYC/AML Framework
Implementation of robust KYC and AML procedures as per RBI norms.
5. Periodic Returns
Timely filing of all RBI returns including NBS, ALM, and other reports.
6. RBI Liaison
Direct coordination with RBI for queries, clarifications, and inspections.
7. Policy Documentation
Preparation of Fair Practice Code, KYC Policy, and other required policies.
8. Compliance Framework
Setting up internal compliance framework and monitoring mechanisms.
9. Penalty Prevention
Proactive compliance to avoid RBI penalties and show-cause notices.
10. Expert Support
Dedicated RBI regulatory expert for your company's compliance needs.
Benefits of Professional RBI Compliance in Bhilai:
Partnering with IncorpX for RBI compliance offers numerous advantages for your financial services business:
Avoid Heavy Penalties
RBI penalties can go up to ₹25 crore. Professional compliance keeps you penalty-free.
License Protection
Maintain your RBI license and avoid suspension or cancellation due to non-compliance.
Faster Processing
Our expertise ensures faster processing of license applications and RBI submissions.
Regulatory Expertise
Navigate complex RBI circulars and master directions with expert guidance.
Investor Confidence
Strong RBI compliance record enhances credibility with investors and partners.
Business Growth
Proper RBI licensing opens doors to partnerships with banks and financial institutions.
Expert RBI regulatory support from day one!
Types of NBFC Registration in Bhilai:
NBFCs are classified into various categories based on their business activity. Understanding the right category is crucial for your license application:
NBFC Type
Full Name
Business Activity
Minimum NOF
NBFC-ICC
Investment and Credit Company
Lending, investment in securities
₹10 crore
NBFC-MFI
Micro Finance Institution
Microfinance lending to low-income borrowers
₹5 crore
NBFC-P2P
Peer to Peer Lending Platform
Online platform for P2P lending
₹2 crore
NBFC-AA
Account Aggregator
Financial data aggregation
₹2 crore
NBFC-Factor
Factoring Company
Factoring business
₹10 crore
HFC
Housing Finance Company
Housing loans (now under NHB)
₹25 crore
Note: NOF (Net Owned Fund) requirements may change. Contact us for the latest requirements for your specific NBFC category.
Common Requirements for RBI Registration in Bhilai:
Company incorporated under Companies Act
Minimum Net Owned Fund as per category
Clean track record of directors
Adequate infrastructure and IT systems
Robust KYC/AML procedures
Experienced management team
Viable business plan
Registered office with adequate space
Complete Document Checklist for RBI License:
Proper documentation is critical for RBI license applications. Here's the comprehensive checklist:
Understanding RBI compliance can be complex. We've compiled answers to the most frequently asked questions to help you navigate RBI regulatory requirements effectively.
These FAQs cover NBFC registration, payment aggregator licensing, forex dealer licenses, and RBI filings.
RBI compliance refers to adherence to regulations, guidelines, and directions issued by the Reserve Bank of India. It includes licensing, prudential norms, periodic filings, and operational guidelines for NBFCs, payment companies, and forex dealers.
NBFC (Non-Banking Financial Company) is a company registered under the Companies Act that engages in lending, investment, or other financial activities. NBFCs must be registered with RBI to operate legally in India.
The minimum Net Owned Fund (NOF) for most NBFCs is ₹10 crore. However, this varies by category - NBFC-P2P requires ₹2 crore, NBFC-MFI requires ₹5 crore. The requirement has been increasing, so verify the latest norms.
NBFC registration typically takes 4-6 months from application submission. The timeline depends on the completeness of application, RBI queries, and overall application load at RBI.
A Payment Aggregator (PA) license from RBI allows entities to collect payments on behalf of merchants. It's mandatory for any company facilitating merchant payments through digital means like UPI, cards, or net banking.
Payment Aggregators need a minimum net worth of ₹15 crore at the time of application, increasing to ₹25 crore by the end of the third year. Existing PAs have been given a transition timeline.
FFMC (Full Fledged Money Changer) license allows businesses to buy and sell foreign currency notes, coins, and travelers cheques. It's required for currency exchange businesses and travel agents offering forex services.
Authorized Dealer (AD) licenses allow entities to deal in forex. AD Category I is for banks and large institutions, while AD Category II is for specific forex transactions. These licenses permit broader forex operations than FFMC.
RBI returns are periodic reports that registered entities must file with RBI. For NBFCs, this includes NBS returns (quarterly), ALM returns (monthly/quarterly), and various other compliance reports depending on the entity type.
RBI penalties can range from ₹1 lakh to ₹25 crore depending on the violation. Operating without a license can lead to imprisonment up to 10 years. License cancellation is also possible for serious violations.
Net Owned Fund (NOF) is the paid-up equity capital plus free reserves minus accumulated losses, deferred revenue expenditure, and intangible assets. It's the key capital metric for NBFC registration.
Yes. Both Private Limited and Public Limited companies can apply for NBFC registration. However, the company must be registered under the Companies Act and meet all other eligibility criteria.
The Account Aggregator framework enables consent-based sharing of financial data between Financial Information Providers and Users. AAs are registered as NBFC-AA with RBI and facilitate data sharing securely.
Fair Practice Code is a set of guidelines that NBFCs must follow for fair treatment of customers. It covers loan application procedures, interest rates disclosure, loan recovery practices, and grievance redressal.
FDI up to 100% is permitted under automatic route for most NBFC activities. However, downstream investments and certain activities may require RBI approval. It's advisable to consult experts for specific cases.
NBFC-P2P (Peer to Peer Lending Platform) is an NBFC that provides an online platform for lending between individuals. P2P platforms must be registered as NBFC-P2P with RBI with minimum NOF of ₹2 crore.
If rejected, you can address the reasons for rejection and reapply. RBI usually provides reasons in the rejection letter. IncorpX helps analyze the rejection, rectify issues, and prepare a stronger reapplication.
Yes. Annual statutory audit is mandatory for all NBFCs. Additionally, RBI may conduct direct inspections. Internal audit is also required for NBFCs above certain asset thresholds.
Yes. We help clients prepare for RBI inspections by ensuring all records, returns, and policies are in order. We also assist in responding to inspection observations and implementing corrective measures.
