Nidhi Company is one of the categories of Nonbanking Finance Company (NBFC) which does not require any Reserve Bank of India (RBI) Licence. Nidhi Company works through its members. It can accept deposits and lends loan to its member only.
The company 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, Mutual Benefit Company. Nidhi is more popular in south India and is a highly localised single office institution.
The aim of such a company is to promote the habit of savings and thrifts among the lower and middle sections of the society.
A minimum of Rs.5,00,000/- (Five Lakhs Rupees Only) to incorporate a Nidhi Company. A Nidhi Company has to be a Public Company.
all inclusive fees
all inclusive fees
all inclusive fees
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