Overview: Small Finance Bank Small Finance Banks (SFBs) are a type of specialized banks in India that primarily cater to the financial needs of the unbanked and underbanked segments of the population, including micro and small enterprises, farmers, and low-income households. The establishment of SFBs is a part of the government’s efforts to promote financial…
Tag: Nidhi Company
Formation of Nidhi Company Under RBI Laws
Introduction A step-by-step process for forming a NIDHI company Under the NIDHI Rules of 2014, you must first incorporate your business as a public limited company before applying for a NIDHI Company license within the allotted time. The following is a step-by-step description of the Nidhi Company registration process. Steps for Nidhi Company Formations:- STEP…
Important Points Under Nidhi Finance Advantages
What Benefits does the Nidhi Guarantees? Inside a time of one year from the date of joining, each Nidhi will guarantee that it has : a) At the very least 200 individuals b) Net claimed assets of Rs 10 lakhs or more c) Unrestricted stores of at least 10% of the exceptional stores as determined…
Effective Ways to Save More Money with Small Finance Bank
Save More Money with Small Finance Bank- Nidhi Company Unless you’re independently wealthy or have access to unlimited funds, money can be tight at times. It’s not always easy to stretch your budget until it snaps; however, there are ways to save more money and put that cash to better use. In this blog…
How to save money with Nidhi Company
Nidhi Company are non-banking financial companies that offer various financial services including home loans, car loans, credit cards, etc. You can lend or borrow money from the Nidhi Company or e-Nidhi. These companies can be a good option for saving money as they are typically cheaper than banks. However, it is important to understand that…