Nidhi Company

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About US
Nidhi company is a non banking finance company
that can offers financial services like
depositing and lending money. It does not require
any license from the Reserve Bank of India.
However, Nidhi companies cannot work exactly as
the banks do.
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Difference between a bank and a Nidhi Company

• Nidhi companies cannot issue any sort of debt
  instruments such as debentures, preference
  shares, etc.

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2. Nidhi companies can facilitate opening savings
accounts, FD and RD accounts, but not the current
accounts. The main aim or objective of Nidhi
companies is to promote and encourage savings and
hence they are not allowed to open current
accounts for their members.
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3. Nidhi Companies are strictly not allowed to
offer any services, such as opening saving
deposits or providing loans, to any person who is
not the member of that Nidhi company. All the
services of Nidhi company are offered only to its
members.
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4. Nidhi company cannot indulge itself in any
other business other than lending and depositing
money on its name.
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5. Nidhi company is also not eligible to pay
brokermaking age on deposits or any sorts of
advertisements.
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So, you will have to get a Nidhi company software
that can manage specific processes of a Nidhi
company. While getting a Nidhi software, you
should also consider Nidhi company software
price, along with its features and performance.
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Contact US
Company Name Fin-Fired Nidhi Software Website
http//nidhisoftware.co/ Business E-Mail
sales_at_pixyrs.com
Phone no 9636909555
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