ComplyKart Services
Payments bank licensing, approached with eyes open
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 call back
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
Documents you will usually need
Clear, current documents matter more than a long checklist. Names, dates of birth and addresses should match across records.
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Tick what you already have. This checklist resets when you leave the page.
From you
We prepare
Process
How we handle your application
You’ll see each stage, what’s pending and what we need from you — so filings don’t bounce back.
Step 1 of 5
Readiness and timing assessment
We assess capital, promoters, technology, and RBI's current licensing stance — honestly, before you commit.
Structure the applicant
Incorporation, capital structuring, promoter documentation — the foundations of the file.
Build the business plan
Financial inclusion strategy, technology plan, projections — written to RBI's expectations.
File and manage the application
Complete application filed with RBI, tracked through every stage of scrutiny.
Prepare for operations
Governance, reporting, and compliance framework ready for day one 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.
If a founder or investor is outside India
Foreign ownership is possible in many sectors, but it adds document authentication, banking and FEMA work. Set the route before funds move.
Plan before you start
- Check whether your sector permits automatic-route foreign investment
- Confirm the Indian resident director arrangement
- Map ownership, beneficial ownership and pricing
- Allow time for apostilled or consularised documents
Plan for after setup
- Receive funds through permitted banking channels
- Complete RBI/FEMA reporting and keep the bank evidence
- Coordinate tax and ongoing compliance advice early
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.
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