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NIDHI COMPANY GUIDE  MEMBERS  DEPOSITS  LOANS  DIVIDEND  BRANCHES

MEMBERS Every Nidhi Company shall, at intervals a amount of 1 year from the commencement of these rules, make sure that it's :• Not but 2 hundred members • internet owned Funds of 10 hundred thousand rupees or additional

MEMBERS

• Unencumbered term deposits of not but 10 Of the outstanding deposits as specified in rule fourteen • internet owned Funds of 10 hundred thousand rupees

BRANCHES A Nidhi might open branches, as long as it's attained web profits when tax endlessly throughout the preceding 3 monetary years.

Nidhi might open up to a few branches inside the district.

BRANCHES No Nidhi shall open branches or assortment centers or offices or deposit centers, or by whatever name referred to as outside the State wherever its registered workplace is placed.

WEBSOFTEX INFOTECH N I D H I S O F T

DEPOSITS The deposits shall be accepted for a minimum amount of six months and a most period of sixty months.

1. Revenant deposits shall be accepted for a minimum amount of twelve months and a maximum amount of sixty months.

DEPOSITS 2.The most balance during a savings savings account at any given time qualifying for interest shall not exceed one large integer rupees at any purpose of your time and also the rate of interest

DEPOSITS 3. shall not exceed 2 per cent. on top of the speed of interest owed on savings checking account by nationalized banks.

4. A Nidhi could provide interest on mounted and revenant deposits at a rate not exceptional the maximum rate of interest prescribed by the bank of India that the NBFC will pay on their public deposits.

LOANS A Nidhi shall offer loans solely to its members.

1. For the needs of sub-rule (2), the number of deposits shall be calculated on the idea of the last audited annual money statements.

2.A Nidhi shall provide loans to its members solely against the subsequent securities, namely :gold, silver and jewelry

LOANS A Nidhi shall offer loans solely to its members.

1. For the needs of sub-rule (2), the number of deposits shall be calculated on the idea of the last audited annual money statements.

2.A Nidhi shall provide loans to its members solely against the subsequent securities, namely :gold, silver and jewelry