Member-Only Services: In compliance with the Nidhi Rules,
2014, services are provided strictly to members. You must hold at least 10
equity shares (or as prescribed) to avail of any loan or deposit services.
Information Accuracy: You agree to provide true and updated
KYC documents (Aadhaar, PAN, etc.). Any misrepresentation will result in
immediate termination of membership.
B. Loan Services (Up to INR 2 Lakhs)
Loan Ceiling: The maximum loan amount per member is capped
at INR 2,00,000.
Security: All loans must be secured by gold, immovable
property, or fixed deposits. The Company reserves the right to auction
collateral in case of three consecutive months of default.
Interest Rates: As per RBI/MCA guidelines, the interest on
loans will not exceed 7.5% above the maximum rate offered on deposits.
C. Prohibited Activities
Members shall not use the Company's platform or funds for any unlawful
activities or money laundering.
You are responsible for maintaining the confidentiality of your account
details and passbooks.
