NBFC-D-LIQUIDcriticalReserve Bank of India
NBFC-D-LIQUID — Liquid Asset & Statutory Reserve — Deposit Taking
A deposit-taking NBFC must invest the prescribed percentage of its deposits in approved liquid assets, and transfer 20% of net profit to the statutory reserve before declaring any dividend.
- Due
- 15th, 1 month after quarter end
- Frequency
- Quarterly
- If it lapses
- Interest payable to the Reserve Bank on the shortfall under s.45-IB(3)
- Statutory reference
- s.45-IB and s.45-IC, Reserve Bank of India Act 1934
Who has to file it
Every one of these has to hold before NBFC-D-LIQUID binds an entity:
- RBI-registered NBFC
- deposit-taking NBFC
- Usually owned by:
- Accountant
- Typical effort:
- 3 hours
Common questions
- When is NBFC-D-LIQUID due?
- 15th, 1 month after quarter end. It falls due every quarter.
- Who has to file NBFC-D-LIQUID?
- It applies to RBI-registered NBFC and deposit-taking NBFC.
- What is the penalty for filing NBFC-D-LIQUID late?
- Interest payable to the Reserve Bank on the shortfall under s.45-IB(3)
This is the standing statutory position. The government extends deadlines often, and an extension is not reflected here until the rule is updated. Mallah Software Services Private Limited is a software company and not a firm of company secretaries or chartered accountants — nothing here is legal, tax or secretarial advice. Confirm the date with your professional before relying on it. See the Professional Disclaimer.