Our company declared as a NIDHI or Mutual Benefit Society under section 620A of the Companies Act, 2013. NIDHIs have many features which make them stand distinctly apart from many other Non-Banking financial institutions who are working under the guide lines of R.B.I.
Amay Fincare NIDHI has the rules and objectives of that are the same as a bank, but is only in effect to someone (a members group) who has agreed or joined this agreement...
Nidhi Company in Governed by Section 406 of the Companies Act, 2013 and Company Nidhi Rules, 2014. The Company is incorporated as a Public Company.
As per Section 406, “Nidhi” means a company which has been incorporated as a Nidhi with the object of cultivating the habit of thrift and saving amongst it's members, receiving deposit from, and lending to, it's members only, for their mutual benefit.
The company reserves the right to reject any application for opening the account without assigning any reason.
Saving Account Opening Amount Rs.2500/- to get attractive
Rate of interest @ 5% annual.
Minimum deposit of Rs.10000/-and Next in
multiple of Rs.1000/-
Minimum Fixed deposit amount will be Rs.1000/-
and further in multiple of Rs.1000/-only.