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NIC 2025 MoSPI source

NIC 641905 - Activities of deposit taking NBFCs (Investment and Credit Companies (ICC), Housing Finance Companies (HFC))

NIC 641905 classifies activities of deposit taking nbfcs (investment and credit companies (icc), housing finance companies (hfc)) as a final six-digit business activity under Section L and Division 64. Use it when...

Level Sub-class
Depth 5/5
Children 0
Last verified 2026-04-21

Source Verification for 641905

10 / 10

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How we calculate this score →

NIC 2008 -> NIC 2025 Mapping for 641905

NIC 2008 links are discovery matches from the local converter layer. Verify final migration decisions against official source documents.

NIC 2008 64192 low

Activities of specialized institutions granting credit for house purchases that also take deposits

Practical Summary

What Activities of deposit taking NBFCs (Investment and Credit Companies (ICC) Means Under NIC 2025

NIC 641905 is the final six-digit endpoint for Activities of deposit taking NBFCs (Investment and Credit Companies (ICC), Housing Finance Companies (HFC)). It should be selected only when the enterprise's primary business activity matches this title more closely than 641901 Activities of commercial banks, Regional Rural Banks, Local Area Banks, 641902 Activities of Payment, Small Finance Banks and similar activities, 641903 Activities of co-operative banks including Urban Co-op Banks, Primary Agricultural Credit Societies (PACS), Central Cooperative Banks (CCBs), State Cooperative Banks (SCBs) and other credit co-operatives and unions.

How To Choose

When to Choose 641905 Over Nearby Codes

Choose 641905 only when operations, invoices and revenue narrative align with Activities of deposit taking NBFCs (Investment and Credit Companies (ICC), Housing Finance Companies (HFC)). If the activity also includes 641901 Activities of commercial banks, Regional Rural Banks, Local Area Banks, 641902 Activities of Payment, Small Finance Banks and similar activities, 641903 Activities of co-operative banks including Urban Co-op Banks, Primary Agricultural Credit Societies (PACS), Central Cooperative Banks (CCBs), State Cooperative Banks (SCBs) and other credit co-operatives and unions, compare those pages before filing.

In this section

641901
Activities of commercial banks, Regional Rural Banks, Local Area Banks
 641902
Activities of Payment, Small Finance Banks and similar activities
 641903
Activities of co-operative banks including Urban Co-op Banks, Primary Agricultural Credit Societies (PACS), Central Cooperative Banks (CCBs), State Cooperative Banks (SCBs) and other credit co-operatives and unions
 641904
Activities of Postal giro and postal saving banks activities and money order activities and other similar activities
641905
Activities of deposit taking NBFCs (Investment and Credit Companies (ICC), Housing Finance Companies (HFC))
641906
Activities of non-deposit taking NBFCs(ICC, NBFC-Infrastructure Debt Fund, NBFC-Micro-Finance Institutions, NBFC-Non-Operating Financial Holding Companies, HFC, Standalone Primary Dealers)
 641907
Activities of monetary intermediation carried out by Self Help Groups (SHG)
 641999
Other monetary intermediation activities n.e.c.
← 641904 641906 →

Common Questions About NIC 641905

Does NIC 641905 cover regulated professional or financial work?

Use the code that matches the service actually provided. Financial intermediation, insurance, real estate, legal, accounting, consulting, engineering, advertising and R&D are separated into different professional service families.

Can an advisory firm use NIC 641905 if it serves another industry?

Usually the firm's own service determines the NIC code, not the client's industry. For example, a consultant serving manufacturers is still a consulting or professional service business if advice is the revenue activity.

How do I verify that NIC 641905 is correct before filing?

Check the parent hierarchy, compare 641901 Activities of commercial banks, Regional Rural Banks, Local Area Banks, 641902 Activities of Payment, Small Finance Banks and similar activities, 641903 Activities of co-operative banks including Urban Co-op Banks, Primary Agricultural Credit Societies (PACS), Central Cooperative Banks (CCBs), State Cooperative Banks (SCBs) and other credit co-operatives and unions, and confirm that the official title matches the main revenue activity. For regulated or filing-critical decisions, verify the source row in the MoSPI dataset.

What happens if I use the wrong NIC code in Udyam or MCA registration?

A wrong code can cause mismatched business descriptions, follow-up questions or later compliance cleanup. It is better to compare nearby codes before filing than to correct a weak classification later.

Is there a legacy NIC 2008 equivalent for NIC 641905?

Use the legacy converter only as a migration aid. Old NIC 2008 matches can suggest where to look, but NIC 2025 should remain the primary reference for new code selection.

NIC 2026 guidance

Before you select NIC 641905

NIC 641905 should be selected only when the official title matches the main revenue-generating activity. If the business also trades, transports, processes, installs or supports the same product or service, compare nearby NIC pages before filing. This reduces the risk of choosing a code that describes the product being handled rather than the activity your enterprise actually performs.

Data Source and Verification Date

Source layer

Official NIC 2025 Excel and PDF from MoSPI.

Last verified

2026-04-21 from the generated NIC 2025 source layer used in this build.

Disclaimer

This is an independent reference tool. Verify filing-critical decisions in official sources.