PRIDE NIDHI LIMITED Incorporated under company act 2013 , under Nidhi Rules2014, by the innovative leadership of inspired professional s in this revolutionary market trend. A company declared as a Nidhi (MBFC) under section 620(A) of the Companies Act,1956 . Nidhi have many features which make them stand distinctly apart from many other Non-Banking financial institutions who are working under the guide line of R.B.I
Nidhi Companies Registration To start a Nidhi Company in India the first step is to incorporate a Limited Company, under the Companies Act, 2014. Hence, During incorporation of the Nidhi company, care must be taken to ensure that the object of the Limited Company mentioned in the Memorandum of Association is that of cultivating the habit of thrift and savings amongst its members, receiving deposits from, and lending to, its members only, for their mutual benefit. Depositors can choose from a wide range of deposit products with maturities ranging from 12 to 60 months at competitive rates of interest and with different features to suit the investment needs of individual Members.
Recurring Deposit is a special kind of Term Deposit offered by banks in India which help people with regular incomes to deposit a fixed amount every month.
A fixed deposit (FD) is a financial instrument provided by banks which provides investors with a higher rate of interest than a regular savings account, until the given maturity date.
A deposit account is a savings account, current account or any other type of bank account that allows money to be deposited and withdrawn by the account holder.
Daily Deposit Scheme is a traditional participating product, which provides deferred regular income to the customer for 15 years.