NIPEKSHA NIDHI LIMITED is a type of company in the Indian non-banking finance sector, recognized under section 406 of the Companies Act, 2013. NIPEKSHA NIDHI LIMITED core business is borrowing and lending money between ours members. They are also known as Permanent Fund, Benefit Funds, Mutual Benefit Funds and Mutual Benefit Company. we are regulated by Ministry of Corporate Affairs, which is also empowered to issue directions to them in matters relating to their deposit acceptance activities. However, in recognition of the fact that these companies deal with their shareholder-members only. Nidhi means a company which has been incorporated with the object of developing the habit of thrift and reserve funds among its members and also receiving deposits and lending to its members only for their mutual benefit.
To Encourage and Afford All Facilities For Cultivating Thrift, Savings Habits And to Render all Financial Assistance to its Members Only by Receiving Long And Short Term Deposits and in Particular Recurring Deposit, Fixed Deposit and Other Deposits, Not Being Current Accounts From The Members As are Allowed by Law For Mutual Benefit.
To Lend, Grant Loans to The Shareholders Or Members Only as Against Securities of Immovable Properties, and/ or on the Security of Deposits, Movables Such as Gold \Silver Jewellery, Kisan Vikas Patra, National Saving Certificates Scheme, Insurance Policies and other Government Securities up on Such Terms and Conditions as May From Time to Time Prescribed in Law For Nidhi Companies.
Integrity and honesty, Respect, Loyalty, Hard work, Teamwork, Professionalism and Serve with Passion.