Build a community savings company with the right legal structure.
A Nidhi Company is a non-banking finance company that cultivates savings and provides loans exclusively among its members. We handle registration from incorporation to RBI compliance.
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Your Nidhi Company Registered in 15 Days*
*Timeline is indicative and may vary based on document verification and government processing.
What is a Nidhi Company?
A Nidhi Company is a type of Non-Banking Financial Company (NBFC) incorporated as a Public Limited Company under the Companies Act 2013 and regulated by the Ministry of Corporate Affairs under the Nidhi Rules 2014. Its core purpose is to cultivate the habit of thrift and savings amongst its members, and to receive deposits and lend exclusively to its members. Nidhi Companies cannot deal with non-members and are not permitted to conduct insurance, hire-purchase, or chit fund activities. Within three years of incorporation, a Nidhi must have at least 200 members and net owned funds of ₹10 lakh.
Who Should Register a Nidhi Company?
Key requirements at incorporation:
200 Members
Required within 3 years of incorporation
₹10 Lakh
Minimum net owned funds required
1:20 Ratio
Maximum deposit-to-net owned fund ratio
Groups seeking to formalise a savings and loan cooperative among known members
Rural and semi-urban communities wanting affordable credit facilities
Existing chit fund operators looking for a legally regulated NBFC alternative
Entrepreneurs in the financial inclusion space serving underbanked communities
Cooperative societies seeking corporate structure with limited liability
Documents Required
Directors (min. 3)
PAN, Aadhaar or Passport, address proof, DSC, DIN — at least 1 resident Indian director required
Shareholders (min. 7)
PAN, address proof, photos — founding members who will also be the initial depositors
Registered Office
Utility bill, NOC from owner, rent agreement for the principal place of business
MoA & AoA
Drafted specifically for Nidhi operations per Nidhi Rules 2014 — objects must be restricted to thrift and lending
Item
Details
PAN, Aadhaar or Passport, address proof, DSC, DIN — at least 1 resident Indian director required
PAN, address proof, photos — founding members who will also be the initial depositors
Utility bill, NOC from owner, rent agreement for the principal place of business
Drafted specifically for Nidhi operations per Nidhi Rules 2014 — objects must be restricted to thrift and lending
Key Features of a Nidhi Company
Member-Only Operations:
All deposits, loans, and financial activities are restricted strictly to registered members. Non-members cannot participate.
No RBI Registration Required:
Unlike other NBFCs, a Nidhi Company does not require a licence from the Reserve Bank of India — it is regulated by the MCA under Nidhi Rules 2014.
Tax Benefits on Interest Income:
Interest income from loans given to members enjoys certain tax benefits. Nidhi Companies can also claim deductions on provisions for bad debts.
Limited Liability for Members:
As a Public Limited Company, member liability is limited to the face value of shares subscribed — personal assets are protected.
Low Operating Costs:
Nidhi Companies typically operate with low overheads as they serve a defined member community and do not market publicly.
Compliance & Benefits
Ongoing Compliance
- File NDH-1 (Annual Return of Nidhi) within 60 days of financial year close
- File NDH-3 half-yearly returns within 30 days of close of each half year
- Maintain 1:20 ratio — deposits must not exceed 20x net owned funds
- File MCA annual return (MGT-7) and financial statements (AOC-4)
- Conduct statutory audit and hold AGM every financial year
Benefits
- No RBI licence required — regulated under the lighter MCA/Nidhi Rules framework
- Promotes financial discipline and savings culture among community members
- Provides affordable credit to members without collateral or bank formalities
- Limited liability structure protects founding members' personal assets
- Can accept fixed, recurring, and savings deposits from members
How It Works
Share Your Details
Fill a short form or call us. We collect your requirements and all documents online — no physical visit needed.
Expert Assignment
A dedicated specialist with expertise in your service category is assigned to your case within 24 hours of payment.
Work in Progress
Your expert prepares documents, files applications with the relevant authority, and follows up on your behalf.
Delivery
Your registration certificate, legal document, or filed return is delivered digitally to your Golden Verdict dashboard.
Get Your Nidhi Company Registered Without Any Hassle
Complete Nidhi Company incorporation with MCA compliance, RBI guidelines adherence, and member onboarding framework.
Starting at Just
Get Your Nidhi Company Registered Without Any Hassle
Complete Nidhi Company incorporation with MCA compliance, RBI guidelines adherence, and member onboarding framework.
Starting at Just
Why Golden Verdict For
Nidhi Company Registration?
Nidhi Company registration requires incorporation as a Public Limited Company, followed by compliance with Nidhi Rules 2014 — including minimum member thresholds, net owned fund requirements, and deposit-to-loan ratios. Golden Verdict handles the complete process: MCA incorporation, Articles of Association tailored for Nidhi operations, Form NDH-1 filing after 90 days, and guidance on maintaining the statutory 1:20 deposit-to-net owned fund ratio. We ensure your Nidhi Company is fully compliant from day one.
A Nidhi Company built on correct foundations serves its members for decades. Golden Verdict builds that foundation.
Frequently Asked Questions
What is the minimum requirement to start a Nidhi Company?+
Can a Nidhi Company accept deposits from the public?+
What is the maximum interest rate a Nidhi Company can offer on deposits?+
What filings are required after incorporating a Nidhi Company?+
Can a Nidhi Company operate in multiple states?+
Ready to get your Nidhi Company Registration?
A Nidhi Company is a non-banking finance company that cultivates savings and provides loans exclusively among its members. We handle registration from incorporation to RBI compliance.
“A Nidhi Company built on correct foundations serves its members for decades. Golden Verdict builds that foundation.”
Built for Indian founders, CFOs, and operators.