Difference Between NBFC and Bank: Which One Should You Register?

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2025-09-08 11:00:32 - Translate

Difference Between NBFC and Bank: Which One Should You Register?

Banks are licensed to accept public deposits and offer a full range of financial services, including checking accounts and interbank lending. NBFCs (Non-Banking Financial Companies) provide loans and credit facilities but cannot accept demand deposits. Choose based on your business goals.

Difference Between NBFC and Bank: Which One Should You Register? Banks are licensed to accept public deposits and offer a full range of financial services, including checking accounts and interbank lending. NBFCs (Non-Banking Financial Companies) provide loans and credit facilities but cannot accept demand deposits. Choose based on your business goals.