We offers reliable and rewarding Fixed Deposit (FD) schemes designed to help you grow your savings securely. With attractive interest rates and flexible tenure options, our FDs provide a stable and risk-free investment opportunity.
Secure Your Future, Grow Your Wealth
Know About
Fixed Deposit
Interest Rates & Charges
Senior Citizen will have additional 0.50% on every period
Interest Rates
|
Period
|
Interest
|
Terms and Conditions |
|
Documentations Required
Basic documents required for opening a savings account.
PAN Card
is Mandatory
Duly Filled
Application Form
Non Individual
Individuals
Color & Passport Size
Photographs
FAQ
-
What is Nidhi Company?
A Nidhi Company is a type of Non-Banking Financial Company (NBFC) that is incorporated under Section 406 of the Companies Act, 2013. It primarily facilitates savings and lending among its members and operates on the principles of mutual benefit. Nidhi Companies are regulated by the Ministry of Corporate Affairs (MCA) and are restricted from engaging in external commercial activities.
-
What provisions are applicable to Nidhi Companies?
Nidhi Companies are governed by the Nidhi Rules, 2014 and are subject to regulations under the Companies Act, 2013. These provisions mandate compliance with membership requirements, deposit limits, loan restrictions, and financial reporting obligations to ensure transparency and stability.
-
Who is eligible to become a shareholder/member of a Nidhi Company?
Only individuals can become members of a Nidhi Company. Entities such as corporate bodies, trusts, and firms are not eligible. The individual must meet the minimum deposit and shareholding requirements specified in the Nidhi Rules.
-
What conditions must be met by members of the Nidhi Company to obtain a loan?
The member must have completed at least six months of membership. The loan amount is limited to a certain percentage of the member’s deposits. The member must provide adequate security or collateral for the loan.
-
How does the Nidhi Company use the funds it receives?
Nidhi Companies primarily use funds for: Providing secured loans to members against gold, property, or other securities. Meeting operational and financial obligations. Expanding member-based financial services.