Monthly Archives: March 2016

Nidhi Company Loan Rules & Regulation

(1) A Nidhi shall provide loans only to its members.

(2) The loans given by a Nidhi to a member shall be subject to the following limits, namely:-

(a) two lakh rupees, where the total amount of deposits of such Nidhi from its members is less than two crore rupees;

(b) seven lakh fifty thousand rupees, where the total amount of deposits of such Nidhi from its members is more than two crore rupees but less than twenty crore rupees;

(c) twelve lakh rupees, where the total amount of deposits of such Nidhi from its members is more than twenty crore rupees but less than fifty crore rupees; and

Know about NBFCs, Nidhi Company

Frequently Asked Questions

All you wanted to know about NBFCs

1. What is a Non-Banking Financial Company (NBFC)?

A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit business but does not include any institution whose principal business is that of agriculture activity, industrial activity, purchase or sale of any goods (other than securities) or providing any services and sale/purchase/construction of the immovable property. A non-banking institution which is a company and has principal business of receiving deposits under any scheme or arrangement in one lump sum or in installments by way of contributions or in any other manner is also a non-banking financial company (Residuary non-banking company).

Loan EMI Calculator

Here is the Loan EMI calculator when we have to calculate the Estimated Monthly Instalments (EMI)

We are providing software for NBFC CompanyNidhi Company Software, Microfinance Company Software, Microcredit Company Software.

We specialize in developing NBFC CompanyNidhi Company Software, Microfinance Company Software, Microcredit Company Software that will automate your business processes, making your organization more effective and responsive, and saving you time and money. These Softwares are created to meet your specific needs. It can be both cheaper than off-the-shelf software solutions and, of course, for more power. You can reduce the hours needed to perform time-intensive management and administrative tasks, improving efficiency, driving out cost and increasing profitability. We follow an enterprise-wide quality policy which is defined and measurable. Our process and methodologies are constantly monitored, updated to keep pace with the new innovations in technology and customer’s needs. We operate by creating the software with you then running it on our servers. How are we able to do this?

Fixed Deposit (FD) Calculator

This FD Calculator helps you calculate the maturity amount and interest earned for any Fixed Deposit account.

We are providing software for NBFC CompanyNidhi Company Software, Microfinance Company Software, Microcredit Company Software.

We specialize in developing NBFC CompanyNidhi Company Software, Microfinance Company Software, Microcredit Company Software that will automate your business processes, making your organization more effective and responsive, and saving you time and money. These Softwares are created to meet your specific needs. It can be both cheaper than off-the-shelf software solutions and, of course, for more power. You can reduce the hours needed to perform time-intensive management and administrative tasks, improving efficiency, driving out cost and increasing profitability. We follow an enterprise-wide quality policy that is defined and measurable. Our process and methodologies are constantly monitored, updated to keep pace with the new innovations in technology and customer’s needs. We operate by creating the software with you then running it on our servers. How are we able to do this?

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