Frequently Asked Questions
Arthvaya India Nidhi Limited
• What is Arthvaya India Nidhi Ltd?
Arthvaya India Nidhi Ltd is a Nidhi Company which carries out the business of accepting deposits and lending the same on demand. Nidhi Company is similar to NBFC but the only basic difference between the two is that Nidhi Companies accept deposits only from its members. Main aim of the Nidhi Company is to work for the mutual benefit of its members. Nidhi Company registered under Nidhi Rules, 2014. Registration no: 035947
Arthvaya India Nidhi Ltd strictly abides by the Nidhi Rules 2014 of doing financial business amongst the members of the Nidhi Company.
• How does the Nidhi Company utilizes the funds/deposits procured by it?
The Nidhi Company uses the funds in lending to the members/ Shareholders and investments as per the Nidhi/Mutual Fund Societies Act/Rules/By-Laws. Our lending is in the shape of Gold Loan, Silver Loan, Jewellery, Loan against Property (Mortgage Loan), Loan against KVP & NSC; Small loans for business & Micro Finance.
• Are the deposits with the Nidhi Safe & Secured?
Yes, the Deposits with such companies are safe and secure because the Ministry of Corporate Affairs (MCA) and Reserve Bank of India (RBI) has framed rules and regulations to ensure the safety and security of Deposits. The Nidhi Company compulsorily abides by the rules and regulations of Central Government.
• How the Arthvaya India Nidhi Limited is different from other Financial Institutions?
AINL (Arthvaya India Nidhi ltd) is registered under Nidhi rules, 2014. Nidhi is not a personal institution owned by an individual but is a fully democratic organization managed by Board of Directors who are elected by the members of the Nidhi in the Annual General Meetings and the Board of Directors also take decisions in a collective manner with total transparency. Hence Reserve Bank of India (RBI) is empowered to issue directions to them in matters relating to their deposit acceptance activities. Finance companies are usually owned by individuals and frame the so called policies according to the whims and fancies of the owners. The general members/ depositors/ Investors have no role to play. There are some possibilities for the absence of transparency. Members/ Investors have virtually no knowledge of the affairs/ legal provisions of Financial Institution and the statutory liabilities of the Financial Institution are also limited.
Arthvaya India Nidhi Limited is completely alive to its legal liabilities and answerable to its members through its elected members of the Board of Directors. Books of accounts of Arthvaya India Nidhi Limited subject matter of Statutory Audit and the Audited Accounts are submitted to Government of India for review and further action, annually. When you invest your money in Arthvaya India Nidhi Limited. You are not only an investor you are a member of the Nidhi Company.
• Why Arthvaya India Nidhi Limited is paying “Higher Rate of Interest” to its members/ Investors?
We believe in the principle of encouraging saving habits amongst our members. In the present context when tendency to save is on the decline and the consumerism is on the high. We want to ensure the financial and social well being of our members as a moral responsibility towards the Society. As a true nationalists we are convinced that higher the savings, higher the investment better the GDP (Gross Domestic Products).
• Who can invest with Arthvaya India Nidhi Limited?
All those investors/depositors who are keen to get better returns/interest on their deposits in short term, medium term and long term. So all of you are welcome.
• Who can become the shareholder/member of Nidhi Company?
Any person who is above 18 years of age as per the standard age proof can become a member of the Nidhi Company. The person desirous of becoming a member should have valid ID Proof and Address Proof.
Arthvaya India Nidhi is a Mutual Benefit Company headquartered in Gaya, Bihar. It is a nonbanking financial company doing the business of lending and borrowing between its members or shareholders... READ MORE