NBFCs accept deposits
Posted By :
Shiriti /
Published on :
05-May-2018 01:09 AM /
View :
664 /
Comment :
1
Can all NBFCs accept deposits? Is there any ceiling on acceptance of Public Deposits? What is the rate of interest and period of deposit which NBFCs can accept?
Read more on : deposits accept nbfcs
-
-
Posted By : Shiriti /
Published on :
07-Jun-2023 07:40 AM /
View :
719 /
Comments : 15
If your trademark application has been refused, how to file an Appeal ?
Click here to view / answer Share it on
-
Posted By : Shiriti /
Published on :
07-Jun-2023 07:24 AM /
View :
458 /
Comments : 2
Should DPT-3 be filed before 30-06-2023 or is it possible up to September?
Click here to view / answer Share it on
-
Posted By : Shiriti /
Published on :
07-Jun-2023 07:12 AM /
View :
376 /
Comments : 3
Please share the process and Guideline for for calculation of cost for Contravention of Paras 9(1)(A) and 9(1)(B) of Schedule 1 of FEMA 20, and Paras 3.1(I)(A)(2) of Foreign Exchange Management (Mode of Payment and Reporting of Non Debt Instruments) Regulations, 2019.
Click here to view / answer Share it on
-
Posted By : Shiriti /
Published on :
25-Apr-2023 06:09 AM /
View :
455 /
Comments : 8
Share the Procedure for grant of Conference Visa from the Ministry of Home Affairs for the purpose of conference/seminar/workshop and its validity.
Click here to view / answer Share it on
-
Posted By : Shiriti /
Published on :
30-Jan-2023 05:44 AM /
View :
863 /
Comments : 57
NRE Certificate format required for filing on FIRMS (RBI)
Click here to view / answer Share it on
-
Posted By : Shiriti /
Published on :
17-Jun-2022 06:28 AM /
View :
961 /
Comments : 10
Issue of shares under Employees Stock Options Scheme and/or sweat equity shares to person resident outside India
Click here to view / answer Share it on
-
Posted By : Shiriti /
Published on :
05-Apr-2022 10:06 AM /
View :
1581 /
Comments : 12
Can I receive payment from my clients in my bank account before applying for the commencement of the business certificate (Form INC 20A) ?
Click here to view / answer Share it on
-
Posted By : Shiriti /
Published on :
05-Apr-2022 10:06 AM /
View :
1629 /
Comments : 46
Will my company account get freezed if my client didnt filed INC 20A : Commencement of Business within 180 days from the date of incorporation?
Click here to view / answer Share it on
Unanswered Queries
Latest Queries
Popular Queries
Blogs
Like us on Facebook
Follow Us on Twitter
Copyright © 2025 Compliance Calendar LLP. Developed By
No, not all NBFCs can accept deposits. Only those NBFCs which are registered with the Reserve Bank of India (RBI) and hold a valid Certificate of Registration can accept public deposits.
The RBI has prescribed certain norms and guidelines for acceptance of deposits by NBFCs, including a ceiling on the amount of deposits that can be accepted. As per the latest guidelines, the aggregate public deposits of an NBFC cannot exceed 1.5 times its net owned funds (NOF).
The rate of interest and period of deposit that NBFCs can accept is also regulated by the RBI.
As per the RBI regulations, the maximum amount of public deposits that an NBFC can accept is 1.5 times its net-owned funds (NOF) as per the latest audited balance sheet.
As per the guidelines, NBFCs can accept deposits for a minimum period of 12 months and a maximum period of 60 months. The interest rate payable on such deposits cannot be more than the ceiling prescribed by the RBI, which is currently 1% above the average rate of interest payable on savings bank deposits by scheduled commercial banks.