– An online application is to be made in the prescribed format with information regarding the demanded documents and enclosures, which generates a Company Application Reference Number.

– A hard copy of the above-mentioned application along with demanded documents and enclosures to the concerned Regional Office of the RBI.

– After the verification and approval of the submitted application and documents, the regional office sends the application to the Central Office of RBI, which goes through crucial examination to grant the Certificate.

-If the terms and conditions under section 45-IA of the RBI Act, 1943 are fully satisfied the Certificate will be granted.