PURVANCHAL MUTUAL BENEFIT NIDHI INDIA LIMITED registration in UP is regulated by the MCA (Ministry of Corporate Affairs) and approved by Government of India on 13.July.2014 was incorporated. PURVANCHAL MUTUAL BENEFIT NIDHI INDIA LIMITED has the rules and objectives of that are the same as a bank, but is only in effect someone (a members group) who has agreed or joined this agreement, as a bank, but to do business for its Members only.
The Company is introducing a lot of innovative ideas day by day to make our nation financially strong and that is the reason we are growing NIDHI Company cum Bank in the industry. PURVANCHAL MUTUAL BENEFIT NIDHI INDIA LIMITED is a continuously securing the society, we live in; on the other side, creating all new service method spontaneously PURVANCHAL MUTUAL BENEFIT NIDHI INDIA LIMITED is presenting a pleasant way which will help human being to lead the life comfortably. In a word we can say the PURVANCHAL MUTUAL BENEFIT NIDHI INDIA LIMITED is the "New Way of Your Savings" with PURVANCHAL MUTUAL BENEFIT NIDHI INDIA LIMITED Family. Nidhi is Public Limited Company formulated with the primary object to carry on the business of accepting deposits and lending money to member-borrowers only against jewels, mortgage loan of immovable property and fixed deposit receipts.
Nidhi Company is a type of Non - Banking Financial Company. It is formed to borrow and lend money to its members. It inculcates the habit of saving among its members and works on the principle of mutual benefit. "Nidhi" Company is a company registered under the Companies Act, 2013 which has a sole objective of cultivating the habits of thrift and savings amongst its members. This company is recognized under Section 406 of the Companies Act, 2013. Nidhi companies are allowed to take deposit from its members and lend to its members only. Therefore, the funds contributed for a Nidhi company are only form its members (shareholders) and used only by the shareholders of the Nidhi Company. In Hindi language, Nidhi Company means "Treasure" and is mainly associated with the habit of thrift and savings among its members. NBFCs are wholly or partially regulated by the RBI. Nidhis are one such class of NFBCs that is only partially regulated by the RBI i.e. in reference to the matters relating to their deposit acceptance activities. Unlike section 620A of the 1956 Act, the 2013 Act under Section 406 finally defines Nidhi Companies. This definition was first recommended to be added by the Sabanyagam Committee on Nidhis. It was observed by the Expert Committee? that since Nidhis operate in a small area and cater the needs majorly of the middle and lower middle section of the society and the members are often well known to each other, certain norms prescribed for the NBFCs should be diluted when applied to these institutions.
A BFP is a financial instrument where an investor gives a certain sum of money to a bank or a financial institution
ACTIVE MARRIAGE PLAN is for all those who have small income like a farmer, small businessman
Our GOAL SAVE PLAN is also known as VIDYA DHAN YOJNA. GOAL SAVE ACCOUNT is for all those parents who have small
A monthly deposit scheme is a special type of fixed deposit scheme in which a fixed amount of money