Banking Software
1. Nidhi Software
A nidhi company, is one that belongs to the non-banking Indian finance sector and is 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. They are regulated by Ministry of Corporate Affairs. Reserve Bank of India is 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.
Features and Benefits
- MAB – Rs. 5000 (Metro & Urban), Rs. 2500 (Semi Urban), Rs. 500 (Rural)
- International Debit cum ATM Card
- Free five ATM transactions at other Bank ATMs at Non Metro Locations
- Pass-book facility
Account Advantage
- Faster transfer of funds
- Online options to pay your bills or tax
- Good options to grow money at attractive interest rates Instant Banking
- International Debit Card
- Demand drafts and Pay order
- Easy Payments
- Bank on the Move
- Profit from your Account
- Value Added Services
- Travel and Gift Solutions
2. Co-Operative Bank Software
A nidhi company, is one that belongs to the non-banking Indian finance sector and is 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. They are regulated by Ministry of Corporate Affairs. Reserve Bank of India is 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.
Features and Benefits
- MAB – Rs. 5000 (Metro & Urban), Rs. 2500 (Semi Urban), Rs. 500 (Rural)
- International Debit cum ATM Card
- Free five ATM transactions at other Bank ATMs at Non Metro Locations
- Pass-book facility
Account Advantage
- Faster transfer of funds
- Online options to pay your bills or tax
- Good options to grow money at attractive interest rates Instant Banking
- International Debit Card
- Demand drafts and Pay order
- Easy Payments
- Bank on the Move
- Profit from your Account
- Value Added Services
- Travel and Gift Solutions
3. Co-Operative Society Software
A nidhi company, is one that belongs to the non-banking Indian finance sector and is 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. They are regulated by Ministry of Corporate Affairs. Reserve Bank of India is 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.
Features and Benefits
- MAB – Rs. 5000 (Metro & Urban), Rs. 2500 (Semi Urban), Rs. 500 (Rural)
- International Debit cum ATM Card
- Free five ATM transactions at other Bank ATMs at Non Metro Locations
- Pass-book facility
Account Advantage
- Faster transfer of funds
- Online options to pay your bills or tax
- Good options to grow money at attractive interest rates Instant Banking
- International Debit Card
- Demand drafts and Pay order
- Easy Payments
- Bank on the Move
- Profit from your Account
- Value Added Services
- Travel and Gift Solutions
How To Apply
Get a Banking Software in 3 easy steps.
01. Get In Touch
Call on our Phone Banking numbers Toll Free -
+91-8603693666
02. Visit Our Branch
Visit the nearest branch.
03. Receive a Call Back
Our representative will contact you at the earliest.
FAQs
A nidhi company, is one that belongs to the non-banking Indian finance sector and is 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. They are regulated by Ministry of Corporate Affairs. Reserve Bank of India is 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 Company's formation is governed by Section 406 of the 2013 Companies Act. A government agency known as the Ministry of Finance enforces Nidhi Company Rules & Regulations. Regarding deposit and acceptance, the Bank Of India ( rbi has the authority to give orders to Nidhi Companies.
The Reserve Bank regulates the deposit acceptance only of banks, cooperative banks and NBFCs.
Nidhi Company works with the objective of increasing savings of its members.
It is very easy to make donations and get loans from the company for its members.
The loans given to the members at a lower rate compared to the market rate hence it attracts the members to do more savings.