Nidhi Company, is the one of non banking Indian Finance sector and acknowledged under area 620A of the Companies Act, 1956. Their main company is obtaining and lending money just in between their members.

You can do monetary company like collecting deposits from members in form of taken care of deposit, repeating deposit, open savings accounts of members and disperse loans to members(individual, correctly, home mortgage, jewellery, gold, car etc.) Nidhis are more popular in South India and are extremely localized single workplace institutions.They are mutual advantage societies, due to the fact that their dealings are limited only to the members; and subscription is limited to individuals. The principal source of funds is contribution from the members. A nidhi company is supposed to perform all its schemes and strategies as per the guidelines of RBI. It can not carry out any plan either loan or deposit of more than 5 years. The loans are offered to the members at fairly sensible rates for purposes such as house construction or repair works and are generally protected. When compared to the organized banking sector, the deposits mobilized by Nidhis are not much. Nidhi in the Indian context means "treasure". In the Indian sector, it refers to any mutual advantage society notified by the Central Federal government as a Nidhi Company. They are developed primarily for promoting the habit of thrift and savings among its members.

Address:Crystal Vision,45B,Hasanpur Main Road,1st Floor,I.P.Extension,Patparganj,Delhi-110092.

Contact:011-43557608, 7838272423, 9711105597, 01122235922

Location

New Delhi

Disciplines

• Business

Affiliation

Crystal Vision

Website

http://www.taxexemption.in/nidhi.html