ABOUT US

To accept deposit from the members of the Company under saving, Deposits, Fixed deposits, and such other saving schemes that may from time to time be decided by the company . To encourage the members of the company to save money. The monies so received can be small or large sum, cab be periodical or otherwise, and repayable at the end of the specified period over a period, with interest calculated at such rates as may be decided by the company, on the amount standing to the credit of the depositors account either periodically or after a specified time.

The companies doing Nidhi Business, viz. borrowing from members and lending to members only, are known under different names such as Nidhi, Permanent Fund, Benefit Funds, Mutual Benefit Funds and Mutual Benefit Company.

Nidhi in the Indian context / language means "treasure".- connected with financial transactions However, in the Indian financial sector it refers to any mutual benefit society notified by the Central / Union Government which has been termed as a Nidhi Company.

They are created mainly for cultivating the habit of thrift and savings amongst its members. Nidhi Companies can help Government's policy to cover the financial inclusion where reaching out to the people in urban areas with their sole intention of cultivating saving habits.

The companies doing Nidhi business, viz. borrowing from members and lending to members only, are known under different names such as Nidhi, Permanent Fund, Benefit Funds, Mutual Benefit Funds and Mutual Benefit Company.

Nidhis are more popular in South India and are highly localized single office institutions.

They are mutual benefit societies, because their dealings are restricted only to the members; and membership is limited to individuals.

The principal source of funds is the contribution from the members.