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What is NBFCs and Public Deposit Acceptance Rules about?

Banks, co-operative banks, and NBFCs that have received a specific license from the RBI can legally accept deposits from the public. However, not all registered NBFCs are authorized to accept deposits - only those that have received a Certificate of Registration from the RBI specifying deposit acceptance are permitted to do so. Housing finance companies and companies authorized under the Companies Acceptance of Deposits Rules can also accept public deposits within certain limits. Co-operative credit societi

Author

Abhi Tripathi

Language

EN