23 NBFCs Shut: Is Your Loan or FD Safe?
RBI cancelled registration of 13 NBFCs and 10 others surrendered their certificates. If you have a loan or fixed deposit with an NBFC, you need to check its status right now before your next payment.
23 NBFCs closed — that's more lenders than most Indian cities have ATMs on one street.
Your lender could be among them — check before your next EMI
Key Takeaways
Check RBI's official 'List of Registered NBFCs' at rbi.org.in to confirm your lender or deposit-taking NBFC still holds a valid licence.
If you hold an FD with an NBFC, contact the company immediately for a written confirmation of your deposit and maturity terms — NBFC FDs have zero DICGC insurance cover.
If your NBFC loan lender appears on the cancelled list, freeze any standing auto-debit instructions and request a full loan statement to prepare for a potential loan book transfer.
RBI cancelled registration of 13 NBFCs and 10 others surrendered their certificates. If you have a loan or fixed deposit with an NBFC, you need to check its status right now before your next payment.
Here's what happened: RBI cancelled the Certificate of Registration of 13 NBFCs, barring them from conducting any lending or deposit-taking business going forward.. 10 additional NBFCs voluntarily surrendered their registration certificates, effectively shutting down their financial services operations.. This is part of RBI's ongoing regulatory cleanup to remove dormant, non-compliant, or financially weak NBFCs from the system..
What you should do: Check RBI's official 'List of Registered NBFCs' at rbi.org.in to confirm your lender or deposit-taking NBFC still holds a valid licence.. If you hold an FD with an NBFC, contact the company immediately for a written confirmation of your deposit and maturity terms — NBFC FDs have zero DICGC insurance cover.. If your NBFC loan lender appears on the cancelled list, freeze any standing auto-debit instructions and request a full loan statement to prepare for a potential loan book transfer..
Unlike bank FDs, NBFC deposits carry no DICGC insurance — your entire deposit is at risk if the NBFC is liquidated. Always split large NBFC FDs and prioritise RBI-registered, systemically important NBFCs rated AA or above.
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- [1]“13 NBFCs Registration Cancelled by RBI, 10 Others Surrender Certificates - Moneylife” Moneylife · 11 Oct 2026
This article is reported by GoCredit's Editorial Team based on the source above. GoCredit synthesises, contextualises, and adds India-borrower-relevant analysis. We are not the original publisher.
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