A fixed deposit (FD) is a financial instrument provided by banks which provides investors with a higher rate of interest than a regular savings account.
Recurring Deposit is a special kind of Term Deposit offered by banks with regular incomes to deposit a fixed amount monthly into their RD account.
A savings account is an interest-bearing deposit account held in India at a bank or another financial institution that provides a modest interest rate.
To accept deposit from the members of the Company under saving, Deposits, Fixed deposits, Recurring Deposits and such other saving schemes that may from time to time be decided by the company.
Pratishruti Nidhi Limited is a nidhi company carrying on the business of a non-banking financial institution. Mutual Benefit Companies Are Incorporated Under Indian Companies Act, 2013. It is a nonbanking financial company doing the business of lending and borrowing with its members or shareholders. The government has set up law for the Security of the deposit in the company to which the cradle is legally necessary.
The Company, right from the establishment has been following the principles of Trust and Guarantee of fairness and balance which remain the cause of our goodwill. In the current period of high speed banking and marketing and in the changing phenomena of banking pluralism Pratishruti Nidhi Limited has been treading its way with an expected rapidity. Pratishruti Nidhi Limited serves each class of the society and has been totally free from the unethical rivalries.
We are being governed by the Ministry of Corporate Affairs, Government of India. The heritage of our company speaks itself for its strength, financial conduct and discipline among the people. Our Company has truly bridged the chasm between promise and performance. We accept deposits from our Members within the stipulated norms issued by the Ministry of Corporate Affairs... Read More
879
Saving Account
954
Fixed Deposite
1050
Other Loan
1050
Bussines Loan
Nidhi Company in Governed by Section 406 of the Companies Act, 2013 and Company Nidhi Rules, 2014. The Company is incorporated as a Public Company.
As per Section 406,"Nidhi" means a company which has been incorporated as a Nidhi with the object of cultivating the habit of thrift and saving amongst its members, receiving deposit from, and lending to, its members only, for their mutual benefit.
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