Business Description
Non Banking Financial Company (NBFC) is one which registered under the Companies Act, 2013 provide banking services without meeting the legal definition of a bank. Looking for NBFC registration in Bangalore or anywhere in India, We Businesswindo.com will assist you to complete your NBFC or Nidhi Company Registration in India within a limited time frame.
The main features of the NBFC are as follows:
1. The NBFCs are allowed to accept/renew public deposits for a minimum period of 12 months and maximum period of 60 months. They cannot accept deposits repayable on demand.
2. NBFCs cannot offer interest rates higher than the ceiling rate prescribed by RBI from time to time. The present ceiling is 12.5 per cent per annum. The interest may be paid or compounded at rests not shorter than monthly rests.
3. NBFCs cannot offer gifts/incentives or any other additional benefit to the depositors.
4. NBFCs should have minimum investment grade credit rating.
5. The deposits with NBFCs are not insured.
6. The repayment of deposits by NBFCs is not guaranteed by RBI.
7. Certain mandatory disclosures are to be made about the company in the Application Form issued by the company soliciting deposits.
For more details contact us below:
Website: www.businesswindo.com
E-mail:
[email protected]
Phone: 080-8822-1111
Address:- No. 1297, 2nd and 3rd Floor,
30th Main Banashankari 2nd Stage,
Bangalore - 560070
