Fi Section L Finance
NIC 2025 MoSPI source

NIC 649200 - Activities of entities engaged in providing letters of credit, standby letters of credit, guarantees, collections and supply chain financing for international trade.

NIC 649200 classifies activities of entities engaged in providing letters of credit, standby letters of credit, guarantees, collections and supply chain financing for international trade. as a final six-digit trade...

Key Facts

649200 at a Glance

Code 649200
Official title Activities of entities engaged in providing letters of credit, standby letters of credit, guarantees, collections and supply chain financing for international trade.
Version NIC 2025
Source authority MoSPI
Level Sub-class
Depth 5/5
Children 0
Last verified 2026-04-21

Source Verification for 649200

10 / 10

4 of 4 factors passing

How we calculate this score →

NIC 2008 -> NIC 2025 Mapping for 649200

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

NIC 2008 64920 low

Other credit granting

Practical Summary

What Activities of entities engaged in providing letters of credit Means Under NIC 2025

NIC 649200 is the final six-digit endpoint for Activities of entities engaged in providing letters of credit, standby letters of credit, guarantees, collections and supply chain financing for international trade.. It should be selected only when the enterprise's primary trade activity matches this title more closely than nearby sibling codes in the same parent category.

How To Choose

When to Choose 649200 Over Nearby Codes

Choose 649200 only when operations, invoices and revenue narrative align with Activities of entities engaged in providing letters of credit, standby letters of credit, guarantees, collections and supply chain financing for international trade.. If the activity also includes nearby sibling codes in the same parent category, compare those pages before filing.

Common Questions About NIC 649200

Does NIC 649200 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 649200 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 649200 is correct before filing?

Check the parent hierarchy, compare nearby sibling codes in the same parent category, 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 649200?

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 649200

NIC 649200 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.