Nidhi software highlights

Nidhi Company  is a  non-banking financial  business structure. Nidhi Company performs the functions of lending and borrowing of money within its members where it works through its members only. Nidhi Company is also called as a mutual benefit company. Nidhi Company promotes the art of saving and utilization of funds within its member community. Nidhi company does not require a license of Reserve Bank of India. Companies doing Nidhi Business are also known as  Nidhi, Permanent fund, Benefit funds, Mutual Benefit Funds, and Mutual Benefit company . Nidhi Company is recognized under section 406 of the Companies Act, 2013.It is a business structure which comes under 20A of the Companies act,1956 and ruled by the  Ministry of Corporate Affairs (MCA). Nidhi Company is formed to increase the habit of savings only for mutual benefit among its member only. The main goal of funding for the Nidhi Company is the contribution from the members. Registration of Nidhi Company is very simp

Nidhi company  belongs to  non-banking Indian Finance sector and their business is accepting deposits and lending loans within their members only.   They are moreover known as Permanent Fund, Mutual Benefit Funds and so on.It is one of the cheapest and safe way of raising funds from public.There is no need of Resrve Bank of India [RBI] approval for this company. Nidhi company software primary features Web and mobile based application User friendly Secured back up systems Affordable pricing structure Nidhi company software main features Multi-user and Multi-branch core banking application Attractive reports format and can be exported to  various useful formats such as Microsoft Word,Microsoft excel and so on Reports can be viewed on screen and can be printed on printer  Membership Management, Operational Accounts, Term Deposits Loans and Advances, Standing Instructions, Cash Transaction M.I.S, Initialization and configuration Can be used by all soci