Nidhi Company
Registration in India
Register your Nidhi Company under the Companies Act 2013 and Nidhi Rules 2014. We handle MOA drafting, SPICe+ filing, NDH-1 compliance and ongoing MCA filings — all in one streamlined package.
Nidhi Company Certificate
MCA — Nidhi Rules 2014
Min. Net Owned Funds
₹10 Lakhs
Starting from
₹14,999
Processing Time
30–45 Days
RBI NBFC Exempt
Yes ✓
Timeline
30–45 Days
Min. Members
200 (within 1 yr)
Min. Directors
3 Directors
Min. Net Owned
₹10 Lakhs (NOF)
Governed by
Nidhi Rules 2014
RBI Regulated
Exempt (Section 406)
What is a Nidhi Company?
A Nidhi Company is a unique type of company under Section 406 of the Companies Act 2013 and governed by the Nidhi Rules 2014. Its primary purpose is to cultivate the habit of saving and thrift among its members and to receive deposits and lend money only among those members.
Nidhi Companies function as mutual benefit societies — they are exempt from most RBI regulations applicable to NBFCs, making them the most accessible form of licensed financial institution for community groups, cooperatives and local savings bodies.
Nidhi
Rules 2014
Who Should Register a Nidhi Company?
Mutual Benefit Societies
Groups that pool savings and lend among themselves.
Community Savings Groups
Neighborhood and locality-based thrift collectives.
Employee Co-operatives
Workplace savings groups forming a mutual benefit vehicle.
Rural Finance Groups
Village-level savings and credit organizations.
Thrift & Credit Societies
Organized groups offering fixed deposits and loans to members.
Housing Finance Micro-Groups
Member collectives for housing-related micro-financing.
Savings Promotion Bodies
Organizations encouraging the culture of saving in communities.
Self-Help Groups Scaling Up
SHGs formalizing their operations under a corporate structure.
Key Benefits of Nidhi Company
Accept Deposits from Members
Collect fixed deposits, recurring deposits and savings from members legally.
Lend Only to Members
Provide secured loans — mortgage, gold or FD-backed — exclusively to members.
RBI Exemption
Nidhi companies are exempt from core RBI provisions for NBFCs.
Low Setup Cost
Minimum capital of ₹10 lakhs — affordable for community groups.
Community Trust & Proximity
Members trust local Nidhi companies more than distant financial institutions.
Government Recognition
Officially recognised under the Companies Act and Nidhi Rules 2014.
Tax Benefits for Members
Interest earned on deposits by members taxed favorably.
Perpetual Existence
Nidhi company survives member changes with perpetual corporate existence.
Registration Process
Consultation & Planning
Understand your group's composition, geography and financial objectives.
MOA with Nidhi Objects
Draft MOA specifying that the primary object is cultivating savings among members.
SPICe+ Incorporation
File incorporation application with minimum 3 directors and 7 subscribers.
Achieve 200 Members
Within 1 year, enroll at least 200 members who each hold at least 10 shares.
Net Owned Funds ≥ ₹10L
Ensure NOF is at least ₹10 lakhs with minimum 1:20 NOF to deposit ratio.
File NDH-1 Form
File return of statutory compliances with MCA within 90 days of financial year end.
MCA Declaration
MCA verifies compliance and records Nidhi status in the MCA21 system.
Begin Operations
Open member accounts, accept deposits and disburse loans as per Nidhi Rules.
Documents Required
For Directors
For the Company
Important: Within 1 year of incorporation you must have 200 members, ₹10L NOF, and file NDH-1. Plan your member drive before registration.
Registration & Compliance Timeline
Incorporation in 30–45 days; full Nidhi status achieved within 1 year
Incorporation
Day 1–15
200 Members
Within 1 yr
₹10L NOF
Within 1 yr
NDH-1 Filed
90 Days After FY
RBI Exemption
Auto (if compliant)
Full Operations
Post NDH-1
What You Receive
Why Company Avenue?
Frequently Asked Questions
Related Services
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Expert CA assistance for Nidhi incorporation and NDH-1 compliance.
30–45
Days Timeline
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Years Exp.
₹14,999
Starting Price
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Nidhi Company — India's simplest RBI-exempt financial institution. Expert CA support. Starting at ₹14,999.