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Nidhi Company - India

Nidhi Company
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About Nidhi Company

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Nidhi Company is currently living in India, working as a Nidhi Company in "Crystal Vision" and is interested in Consulting.
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Job Title

Nidhi Company

Company

Company Website

http://www.taxexemption.in/nidhi.html

Location

India

Categories of Interest

Consulting

My Interests

Business

Join Date

Nidhi Company has joined on Jan 04, 2016

Resume

Nidhi Company, is the one of non banking Indian Finance sector and recognized under area 620A of the Business Act, 1956. Their main company is providing and obtaining money just between their members.
You can do monetary business like collecting deposits from members in form of fixed deposit, recurring deposit, open savings accounts of members and disperse loans to members(individual, appropriately, home loan, jewellery, gold, automobile and so on) Nidhis are more popular in South India and are highly localized single office institutions.They are mutual benefit societies, because their dealings are limited only to the members; and membership is restricted to individuals. The principal source of funds is contribution from the members. A nidhi company is expected to carry out all its plans and plans as per the standards of RBI. It can not carry out any plan either loan or deposit of more than five years. The loans are offered to the members at fairly reasonable rates for functions such as house building or repairs and are normally secured. When compared to the orderly banking sector, the deposits mobilized by Nidhis are not much. Nidhi in the Indian context indicates "treasure". However, in the Indian sector, it describes any shared advantage society alerted by the Central Government as a Nidhi Company. They are developed primarily for promoting the habit of second hand and cost savings among its members.

Quick Profile Summary

Nidhi Company
Name: Nidhi Company
Link: http://www.salespider.com/p-18280543/nidhi-company
Location: India
Job Title: Nidhi Company
Company: Crystal Vision

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