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NIC 2025 MoSPI source

NIC 661908 - Activities of Account Aggregators

NIC 661908 classifies activities of account aggregators as a final six-digit business activity under Section L and Division 66. Use it when this activity is the main source of revenue.

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

Source Verification for 661908

10 / 10

4 of 4 factors passing

How we calculate this score →

NIC 2008 -> NIC 2025 Mapping for 661908

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

NIC 2008 66190 medium

Activities auxiliary to financial service activities n.e.c.

Practical Summary

What Activities of Account Aggregators Means Under NIC 2025

NIC 661908 is the final six-digit endpoint for Activities of Account Aggregators. It should be selected only when the enterprise's primary business activity matches this title more closely than 661901 Financial transaction processing and settlement activities, including digital (or internet-based) payment provision and settlement activities for credit card transactions (payment gateways), 661902 Investment advisors/ consultant (including robo-advisory services and analysing financial markets as an advisory service), mortgage and loan advisors, financial advisors in relation to mergers and acquisition services, 661903 Activities of digital currency wallet providers.

How To Choose

When to Choose 661908 Over Nearby Codes

Choose 661908 only when operations, invoices and revenue narrative align with Activities of Account Aggregators. If the activity also includes 661901 Financial transaction processing and settlement activities, including digital (or internet-based) payment provision and settlement activities for credit card transactions (payment gateways), 661902 Investment advisors/ consultant (including robo-advisory services and analysing financial markets as an advisory service), mortgage and loan advisors, financial advisors in relation to mergers and acquisition services, 661903 Activities of digital currency wallet providers, compare those pages before filing.

In this section

661901
Financial transaction processing and settlement activities, including digital (or internet-based) payment provision and settlement activities for credit card transactions (payment gateways)
 661902
Investment advisors/ consultant (including robo-advisory services and analysing financial markets as an advisory service), mortgage and loan advisors, financial advisors in relation to mergers and acquisition services
 661903
Activities of digital currency wallet providers
 661904
Validation and mining for crypto assets deemed financial assets
 661905
Tokenization of digital assets, including security token offerings and initial coin offerings
 661906
Consumer credit intermediation
 661907
Activities of payment providers including Fintech, e.g., electronic funds transfer services, P2P lending/ payment services and Unified Payments Interface (UPI) transactions.
661908
Activities of Account Aggregators
661909
RegTech services that provide technology-driven solutions to streamline regulatory compliance, including anti-money laundering (AML) checks, fraud detection, automated reporting, real-time monitoring, and risk management tools for financial institutions.
 661910
Other Fintech activities including Suptech, cross-border payment platforms, GreenTech/green finance
← 661907 661909 →

Common Questions About NIC 661908

Does NIC 661908 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 661908 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 661908 is correct before filing?

Check the parent hierarchy, compare 661901 Financial transaction processing and settlement activities, including digital (or internet-based) payment provision and settlement activities for credit card transactions (payment gateways), 661902 Investment advisors/ consultant (including robo-advisory services and analysing financial markets as an advisory service), mortgage and loan advisors, financial advisors in relation to mergers and acquisition services, 661903 Activities of digital currency wallet providers, 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 661908?

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 661908

NIC 661908 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.