ComplyKart Services
Payments Banks License
A payments bank licence is among the most demanding in Indian finance — RBI examines promoters, capital, technology, and the business case in depth. This is not a filing; it is a campaign. We help serious applicants prepare for it properly.
CA/CS-guided review
Your documents and structure are checked before anything is filed.
Written scope first
Inclusions and payable charges are explained before work begins.
Support till it’s done
One team owns your filing, from the first call to the final handover.
Get a free callback
Your details stay private — we only call about this enquiry.
Experience behind every filing
A quick snapshot of the work so far.
Fees
Fees and packages for Payments Banks License
Every requirement is a little different, so we quote after a short discussion — the consultation itself is free.
Custom quote
Payments Banks License
Talk to a ComplyKart expert — we’ll understand your requirement and share an exact written quote before you pay anything.
Talk to us for a quote
Payments Bank License Package Inclusions
- RBI licensing application preparation
- Rs. 100 crore capital and promoter documentation
- Technology and BC network plan
- Fit-and-proper and governance framework
- Application follow-up through RBI process
Overview
What a payments bank licence actually involves
A payments bank is a differentiated bank licensed by RBI — it can take deposits and offer payments services, but cannot lend.
The original RBI framework prescribed significant minimum capital and strict fit-and-proper norms for promoters.
Applications are assessed on promoter credibility, capital adequacy, technology readiness, and financial inclusion plans.
RBI's stance on fresh applications has varied over time — the current position must be confirmed before applying.
Licensed payments banks operate under full banking supervision, with ongoing reporting and compliance obligations.
Benefits
Why serious applicants work with us
Open each benefit to see what it means for you.
Candid readiness assessment
Payments bank applications are judged on promoter credibility, capital, technology, and financial inclusion plans. We assess your readiness before you commit resources.
Application built to RBI's lens
Fit and proper, capital structure, governance, technology — we build the application around what RBI actually examines.
Technology and systems planning
A payments bank needs a technology backbone from day one — CBS, cybersecurity, grievance systems. We guide the systems plan.
Post-licence compliance setup
Licence is the beginning — we set up your compliance, reporting, and governance framework.
Documents
What documents do you need for a Payments Bank License?
Clear, current documents matter more than a long checklist. Names, dates of birth and addresses should match across every record — that's what the MCA checks first. Tick what you already have below.
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Applicant documents
Verified against MCA requirements
Licence application documents
Verified against MCA requirements
What is a CIN?
Every Private Limited Company gets a unique 21-character Corporate Identification Number from the MCA. It's proof your company legally exists. You'll need it for bank accounts, tax filings, and contracts. We handle the entire application — you just provide the documents above.
Not sure if your documents are ready?
Send us what you have. A ComplyKart expert will review them for free and tell you exactly what's missing — no obligation.
Get Free Document ReviewQuestions Founders ask us about documents
What if my address proof is old?
Utility bills and bank statements must be less than 2 months old. If yours are older, get a fresh copy — the MCA rejects stale proofs.
Do I need original documents?
No. Clear scans or photos work for the entire process. We never ask you to courier originals.
What if directors live in different cities?
That's normal. Each director uploads their own documents separately. Our system keeps everything organised.
I'm outside India. Can I still register a company?
Yes. India allows 100% foreign ownership in most sectors, and the entire process happens online. You need one Indian resident director, and your passport + address proof must be apostilled — we'll guide you through both. NRI founders and foreign investors do this with us regularly.
Check if you're eligible →How long does registration actually take?
7 to 10 working days from the day your documents are verified. Name approval takes 2-3 days, MCA incorporation another 5-7. We track every stage and update you.
Can I start if I'm missing one document?
Yes. Start now with what you have — we begin name reservation and DSC while you arrange the rest. Most founders are missing one proof; it rarely blocks the timeline.
Process
Payments Bank License process — step by step
You’ll see each stage, what’s pending and what we need from you — so filings don’t bounce back.
Step 1 of 5
Eligibility assessment
We evaluate your promoter profile against RBI's licensing norms — existing NBFCs, corporates, and individuals with financial services experience are typical applicants. RBI opens licensing windows periodically rather than continuously.
Draft the business plan
We help structure a credible 5-year plan covering capital, technology, distribution, and financial inclusion — the plan is the heart of the application.
Compile and file the application
We prepare the full application dossier — financials, governance, technology, and compliance frameworks — and file it with RBI during the licensing window. Compilation typically takes 3-4 months.
RBI evaluation
RBI evaluates applications through internal and external expert committees, with detailed clarifications. This stage typically takes 12-18 months.
In-principle approval to licence
Successful applicants receive in-principle approval with conditions to be met within the stipulated time, followed by the final licence and commencement of operations.
Why ComplyKart
Why ComplyKart for this
You should know who’s doing what. Open a stage to see how the work is shared.
RBI licensing specialists
RBI licensing — NBFC, P2P, PPI — is a practice area for us. The regulator's expectations are familiar.
Honest about timing
If the timing or your readiness isn't right, we will tell you — before you spend.
Full-stack handling
Application, business plan, systems, and compliance — one team throughout.
RBI licensing specialists: RBI licensing — NBFC, P2P, PPI — is a practice area for us. The regulator's expectations are familiar.
For NRI founders & foreign investors
If a founder or investor is outside India
You don't need to fly down. Most of our foreign-founder incorporations are completed without the founder ever visiting India — 100% foreign ownership is allowed in most sectors, and the entire process happens online.
Before you start
- 100% foreign ownership is allowed in most sectors — no Indian partner needed
- One Indian resident director is required by law — we help you find a compliant way forward
- Check whether your sector permits automatic-route foreign investment
- Your passport + address proof need an apostille, not an embassy visit
- Map ownership, beneficial ownership and pricing early
After incorporation
- Receive funds through permitted banking channels
- Complete RBI/FEMA reporting (FC-GPR, FLA) and keep the bank evidence
- Coordinate tax and ongoing compliance advice early
Free 15-minute eligibility call. No obligation.
FAQ
Frequently asked questions
Search all 7 answers, or filter by the stage you’re thinking about.
Showing 7 of 7 answers
A payments bank can accept deposits (up to prescribed per-customer limits) and offer payments and remittance services, but cannot lend or issue credit cards. It is a differentiated bank licence under RBI's framework.
The original RBI framework set minimum paid-up capital at Rs. 100 crore, with fit-and-proper requirements for promoters. Current requirements should be confirmed against the latest RBI guidelines at the time of application — we do this as the first step.
RBI assesses applications on their merits — promoter credibility, capital, technology, and business viability. There is no guaranteed timeline; the process involves multiple stages of scrutiny. We manage expectations honestly from the start.
This is the critical question, and the answer depends on RBI's current licensing stance, which has varied over the years. Talk to us — we will give you a straight, current assessment before you spend anything significant.
A payments bank licence is a full banking licence process — among the most demanding in Indian finance. PPI (wallet) authorisation is a lighter, separate process for non-bank payment instruments. We help you decide which fits your ambition and resources.
Quote-based, and this is a substantial engagement — application, business plan, and ongoing advisory. Request a consultation first; we will scope it after assessing readiness.
Generally yes, if you meet the criteria — though foreign investment norms and fit-and-proper requirements apply. We assess the shareholding structure as part of readiness.
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What clients say about working with us
Real stories from businesses we've worked with.
Our Trademark was applied in all the classes with a short span of time by Complykart Trademark Experts and I can say the level of expertise and commitment they carry is remarkable. It's an A+ from my side. We are now sticking to ComplyKart only.
I found the professionalism of the staff at complykart.com, a pleasure to work with. As a foreigner to India, they took the time to explain the documentation and assisted in every question I raised. I was pleased that complykart.com made it easy for my Business.
Trust, Commitment, Dedication and responsiveness are the best things with ComplyKart. Thanks for handling our Merger assignment with so much care. After my business disputes, complykart handles all things with own sense of understanding.
Trust & transparency
Sources & how we keep this page accurate
Primary sources we refer to:
- Ministry of Corporate Affairs (MCA)
- GST Portal
- Income Tax Department
- IP India (Trademark / Patent / Copyright)
Last verified: 6 October 2026
Compliance rules change. If something on this page looks outdated, tell us on WhatsApp and we'll fix it — and your filing will always follow the current rules, not just what's written here.
Get a free consultation
Talk to a ComplyKart professional about Payments Banks License. The first consultation is free.
