Nidhi Company Software

   2021-09-07       12        Agriculture
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Shreecominfotech have an experience in development of core banking software, nidhi software.

     Shreecominfotech have an experience in development of core banking software, nidhi software. This software is useful for fund companies for to accept term deposits, recurring deposits, consumer loans, monthly income plans, dividend declarations, etc. It works on centralized database and web base with similar to core banking operations, so let’s start to discuss, what is Nidhi software? Benefits of Nidhi software? What is the process of Nidhi company registration?

  Nidhi Company classified as a NBFC, NBFC means non-banking finance company, and it is registered under section 406 companies Act 2013. Company can accept deposits and shares. These deposits are used by the company to pay its members or shareholders as a loans or advances and to take stock, bonds, debentures, securities issued by the government. It is regulated by the Ministry of Corporate Affairs, while the RBI monitors all its financial transactions.

Advantages of Nidhi Company

  • Less Complications: Borrowing and lending to known individuals, in which the process is fixed, is less complicated than dealing with banks or an informal setting. The fund company enables its members to unlock the potential of their money and get it at a lower interest rate when they need the money themselves.
  • Cheaper to borrow: As a member, loans can be taken at a lower rate than the rate at which a bank member lends. This can be a huge benefit in times of need, as different individuals in a mutual benefit society need funding in different places over time.
  • Encourages to savings:"
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Author Signature :


This software is useful for fund companies for to accept term deposits, recurring deposits, consumer loans, monthly income plans, dividend declarations, etc. 


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