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Start a Nidhi company for group savings and lending. Help your community build financial security together.
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A Nidhi company is a special type of company where members pool money together for savings and lending. It's like a cooperative bank but structured as a company. If 7 or more people want to run a savings group, Nidhi is the legal way to do it. Members deposit money and borrow from the common pool at reasonable interest rates. All profits belong to members, not outside shareholders.
Think of it this way - a group of workers, farmers, or traders want to help each other with loans. Instead of borrowing from a bank at high rates, they join together. Each person puts in capital - minimum ₹10 lakh total from all 7 members. Members can borrow money when needed. Nidhi is heavily regulated by RBI so the system is safe and transparent.
Across India, many traders run Nidhi companies for business financing. In rural areas, farmers use Nidhi for agricultural loans. It's a trusted structure because RBI sets strict rules - how much members can borrow, how interest is calculated, how deposits are protected. We handle all registration and compliance with RBI requirements.
If you run an informal savings group without registering as a Nidhi, you're operating illegally. Collecting deposits without a legal structure violates RBI rules. Members have no legal protection if someone misuses the funds. The police can shut down unregistered chit funds and savings groups. With proper Nidhi registration, everything is legal, transparent, and protected by law.
After registration, you must file NDH-4 return with the ROC every year, get your accounts audited, hold board meetings, and maintain proper records of all deposits and loans. You also need to reach 200 members within one year of registration. If you miss NDH-4 filing, penalties start at ₹100 per day. The Registrar can also issue a notice for non-compliance. We offer annual Nidhi compliance packages.
Stamp duty on Nidhi company incorporation documents varies by state, typically around ₹1,000 to ₹2,000. Trader groups across India commonly form Nidhi companies for mutual benefit. The MCA registration process is the same across all states, but stamp duty varies. We calculate the exact amount for your location.
PAN and Aadhaar of All Members
Every member's PAN and Aadhaar copy
Passport-size Photos
Of all members, 4x6 cm
Address Proofs
Residential address of each member
Business Address Proof
Office location electricity bill or ownership proof
Bank Account Details
Cancelled cheque or bank statement
Capital Proof
How much each member is putting in
MOA and AOA
We'll prepare these - defines Nidhi structure and lending rules
Meet all 7 members. Understand how much capital each will put in, how many shares each gets, what are the lending needs. This forms the basis of your Nidhi structure.
2-3 daysWe draft Memorandum of Association defining your Nidhi rules, Articles defining member rights, and RBI-compliant lending policies. All documents follow Nidhi Regulation 2014.
3-4 daysWe submit all documents digitally with DSC signature. Members get Certificate of Incorporation once ROC approves.
1 dayROC reviews documents and approves Nidhi registration. This takes 7-10 days if everything is correct. You receive Certificate of Incorporation.
7-10 daysOpen company bank account. Members deposit their capital. File NDH-4 return with Registrar confirming everything is in place. Now you can start lending.
This covers full registration and RBI-compliant documentation. Members must arrange their own capital contribution (minimum ₹10 lakh total). No hidden charges.
15-21 Working Days
Document preparation takes 3-4 days. ROC approval takes 7-10 days. NDH-4 filing takes 2-3 days. Total 15-21 working days from the day all members sign documents.
All documents follow RBI Nidhi Regulation 2014. Your members are protected by government rules.
Nidhi is a legal structure. Member deposits are protected. Transparent lending rules ensure no member is cheated.
More secure than chit funds or unregistered savings groups. Members get legal recourse if disputes happen.
All RBI forms, MOA, AOA - we prepare everything. You just provide member details and capital info.
Seven fabric traders pooled ₹10 lakh and registered Nidhi with Quorum. Within 20 days we were operational. Now members lend to each other at 10 percent instead of bank rates.
Harjeet Singh and 6 others
Jalandhar Traders Nidhi, Jalandhar, Punjab
Minimum 7 members. They can be friends, colleagues, family, or community members. Each member must be willing to invest and follow Nidhi rules.
Total minimum ₹10 lakh from all 7 members. This can be distributed equally (around ₹1.43 lakh each) or unequally - depends on what members agree. All capital must go into a company bank account.
Yes, that's the purpose. Members can borrow up to 120 percent of their capital contribution. If you put in ₹2 lakhs, you can borrow up to ₹2.4 lakhs. Interest rate is decided by members.
Nidhi registration is with ROC (Registrar of Companies), not RBI. But the structure must follow RBI Nidhi Regulations. After registration, you need to file NDH-4 with ROC annually.
Annual compliance form where you report how many members, total capital, how much was lent, default rate, etc. Must be filed with ROC every year. We help with this.
Regular company: Can have any business, can have unlimited members, profits go to shareholders. Nidhi: Only savings and lending activity, maximum 1,000 members, profits go to members, strict RBI rules.
Yes. Members can withdraw after notice period (usually 6 months to 1 year, defined in your bylaws). They also get annual profits distributed. It's their money.
Member gets their capital back (after any outstanding loans are settled) and their share of profits up to that date. The rules should be in your MOA and AOA.
Collecting deposits from people without legal registration violates RBI rules. The police can shut down your group. Members have no legal protection if someone runs away with the money. Nidhi registration makes everything legal and gives every member a written guarantee.
Late ROC filings attract a penalty of ₹100 per day per form. If you don't file for 3 years, ROC can strike off your Nidhi company. Directors get disqualified for 5 years. Plus, members lose confidence if compliance is not maintained.
Cooperative is registered under state law and governed by the state Registrar of Cooperatives. Nidhi is registered under Companies Act with MCA. Nidhi has clearer governance rules, better legal protection, and is easier to manage. Many groups prefer Nidhi because the rules are more transparent.
No. The entire process is done online through the MCA portal. Members sign documents, we file everything digitally, and your incorporation certificate comes online. No office visits needed.
No hidden charges. The ₹14,999 covers ROC filing, DSC, MOA/AOA preparation, name check, NDH-4 support, and our professional fee. Stamp duty is around ₹1,000 to ₹2,000 depending on your state. We tell you the exact amount before starting.
Yes. We register Nidhi companies across India. Trader groups in many regions commonly use Nidhi structure. Since MCA filing is online, location doesn't matter.
Yes. Stamp duty varies by state, typically ₹1,000 to ₹2,000 on Nidhi incorporation documents. We calculate the exact stamp duty for your state before you pay.
MCA charges ₹2,000 to ₹2,500 for filing. DSC costs ₹1,500. Stamp duty is ₹1,000 to ₹2,000 depending on state. All of this is included in our ₹14,999 package. Members need to arrange their own ₹10 lakh minimum capital separately.
You must reach at least 200 members within one year of registration. This is a mandatory requirement under Nidhi Rules. If you don't reach 200 members, you need to file an extension request with the ROC.
No. Nidhi can only accept deposits from its members. It cannot accept deposits from the general public. A person must first become a member by buying shares, and then they can deposit money or borrow from the Nidhi.
NDH-4 filing, accounts audit, annual return - we handle all yearly requirements.
Learn more →Alternative structure for group savings. Nidhi vs Society - we help you decide.
Learn more →After registration, we help open bank account for Nidhi capital and lending.
Learn more →Fill the form below and our CA will call you back within 2 hours.