DRA Registration (Debt Recovery Agent) – Complete Guide (India)
DRA Registration (Debt Recovery Agent) – Comprehensive Guide (India)
According to RBI guidelines, DRA Registration is compulsory for persons or organizations involved in recovering loans for banks and NBFCs.
✅ What does DRA stand for?
- A Debt Recovery Agent (DRA) is permitted to collect outstanding payments for:
- Financial institutions
- NBFCs
- Monetary Entities
- Only DRAs certified by the RBI are permitted to carry out recovery actions.
📋 Criteria for DRA Enrollment
- At least 10th / 12th grade completed (varies by bank/NBFC)
- Age: 18 to 65 years old
- Clear police verification
- Effective communication & fundamental financial understanding
📝 Necessary Documents
- Aadhaar Card
- PAN Card
- Proof of Address
- Scholarship Diploma
- Photo in passport size
- Certificate of Police Clearance
🏛️ Enrollment Procedure
- Register with an RBI-authorized institution
- Finish DRA training (In-person / Online)
- Complete IIBF Certification Exam
- Apply to Bank/NBFC onboarding.
- Obtain DRA Identification Card
⏰ Duration & Expense
⏳ Duration: 15–30 days
💰 Expense: Varies based on institution & training method
⚖️ Main RBI Compliance Regulations
- No intimidation or menaces
- Adhere to Fair Practice Code
- Recovery is allowed only during designated hours.
- Correct identification disclosure is essential.
📢 Who Needs to Sign Up?
- Restoration organizations
- Personal recovery agents
- Former bankers/operatives
- Providers of NBFC services
For Getting in Touch With Us
Trumints Business Solutions Pvt Ltd
Reach out at: +919650214809
Email: info@trumints.com
site: https://trumints.com
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