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  • As the name suggests, #NBFCs (or Non-Banking Financial Companies) are not banks. CASA deposits or Current Account Savings Accounts are not used to raise funds by NBFCs. CASA deposits only apply to banks. The RBI issues licenses for the banks in order to accept money from the public. The NBFCs don't have these prosperities. This means they need alternative sources of money supply that are higher than deposits made by banks where the interest rates offered range between 4% and 6%.
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  • As the name suggests, #NBFCs (or Non-Banking Financial Companies) are not banks. CASA deposits or Current Account Savings Accounts are not used to raise funds by NBFCs. CASA deposits only apply to banks. The RBI issues licenses for the banks in order to accept money from the public. The #NBFCs don't have these prosperities. This means they need alternative sources of money supply that are higher than deposits made by banks where the interest rates offered range between 4% and 6%.
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    NBFC Registration in India | Benefits, Documentation Required, and Types
    Looking for NBFC Registration in India? Then you need to determine whether you satisfy the NBFC criteria or NBFC License is applicable to you. For details call ASC Group.
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  • Buy Verified Go2 Bank Accounts
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  • Enjoy hassle-free banking with Al Khair Bank. From savings accounts to loans, we've got you covered. #AlKhairBank #HassleFreeBanking #SavingsAndLoans
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  • Enjoy hassle-free banking with Al Khair Bank. From savings accounts to loans, we've got you covered. #AlKhairBank #HassleFreeBanking #SavingsAndLoans
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  • Buy Verified Go2 Bank Accounts
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