Nidhi Company is the part of Non-Banking Financial Company (NBFC) and they don’t need any Reserve Bank of India (RBI) license. Nidhi Company works with its members as they accept deposits and give loans to its members. Nidhi means ‘treasure’ In the financial sector. Some of NIDHIs’ features are as follows –
Nidhi Companies are also known as Mutual Benefit companies. They allow the saving and utilization of money within its community members.