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  • NIDHI
  • Legal
  • Directors
  • FD & RD
  • Loan
  • Membership
  • Investors
  • Disbursments
  • Contact Us

About Nidhi Company

  • Nidhi company are Companies that are Registered under the Companies Act . Nidhi companies registered and recognized under section 406 of the Companies Act, 2013 and is regulated by Ministry of Corporate Affairs or MCA. Nidhi companies are controlled by Nidhi Rules, 2014. They are incorporated as the Public Limited company and therefore , they must abide  with two set of rules, pertaining to the Public limited company as per Companies Act, 2013 and  Nidhi rules, 2014.  


  • Nidhi Company is also known as Mutual Benefit company. It promotes the skill of saving and effective utilization of funds within its members. 


  • There is no need to seek RBI approval to register the company, as RBI has specifically exempted this category of NBFC in India.


  • Helpful for Lower and Middle Classes, Low Rates of Interest, Secured Investments and Minimum Documentation and Formalities are  advantages that makes Nidhi companies to be a better choice for conducting business. 


  • Since all the lending and depositing transactions are performed by members of the company, it lowers the financial risk taken by the company. In Nidhi companies, only the members are involved with the financial transactions which make it safe and easy to track with the person depositing or borrowing funds from the company. 


  • Nidhi companies follow the net-owned funding system. Net-owned funding refers to the transaction where the owner invests an amount in the business to raise funds for the same. In Nidhi companies the ratio of net-owned funding is 1:20, which means if an owners invests Re. 1 in his/her business he/she can raise a fund of Rs 20 for his/her business. This feature of Nidhi companies makes it cost effective for owners to invest in new business ventures and grow their company with more capital and diversify their business. 


  • keeping 10% unencumbered deposits in schedule /  commercial banks or post offices within one year of commencement of Nidhi Rules, 2014

In Short

A nidhi company is a type of company in the Indian non-banking finance sector, recognized under section 406 of the Companies Act, 2013. Their core business is borrowing and lending money between their members. They are also known as Permanent Fund, Benefit Funds, Mutual Benefit Funds and Mutual Benefit Company. 


Securities For Investors in  Nidhi Company


  1. 20 Lac Authorized Capital
  2. Net-owned Funds To Deposite Ratio 1:20 
  3. keeping 10% unencumbered deposits in schedule commercial banks or post offices within one year of commencement of Nidhi Rules, 2014.

Start Investing

TDS on interest (Section 194A)

Computation of Interests

The deductor or the payer should deduct TDS if the amount of interest paid during the previous year exceeds INR 40,000 for banks and INR 5,000 in other cases. 


Interest Accrued

The deductor is required to pay TDS when the interest is accrued if the deposit is for more than a year and the interest is compounded. This is applicable regardless of whether the same is paid or not.


Rates for TDS

The following rates of taxes will be applicable as required:

• 10% as TDS will be applicable when PAN is furnished.

• 20% as TDS will be applicable when PAN is not furnished.

• The amount of surcharge, Education Cess and SHEC will not be added to the above rates. Hence, taxes will be deducted at source at the basic rate.


Depositing TDS

The following is the time limit in which TDS must be deposited:

• Tax deducted during any months between April to February is required to be deposited on or before the 7th of the immediate month.

• Taxes deducted in the month of March is required to be deposited on or before the 30th of April.

APKUBER NIDHI LIMITED's Account is in Reputed Banks

AXIS BANK

THE COSMOS BANK

THE COSMOS BANK

Viman Nagar Branch

THE COSMOS BANK

THE COSMOS BANK

THE COSMOS BANK

Deccan Gymkhana Branch

RBL BANK

THE COSMOS BANK

RBL BANK

Kothrud Branch


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