A Nidhi company is a type of company recognized under Section 406 of the
Companies Act, 2013. It is formed for the purpose of cultivating the habit
of thrift and savings among its members and providing loans exclusively to
its members. Nidhi companies are non-banking financial companies (NBFCs)
but are exempt from certain RBI regulations and are primarily governed by
the Companies Act and the Nidhi Rules, 2014.
No. Saubhagya International Limited is a Nidhi company, not a bank. It does
not hold a banking license from the Reserve Bank of India. It is a company
incorporated under the Companies Act, 2013, that accepts deposits from and
provides loans to its members only.
Yes. Saubhagya International Limited is incorporated under the Companies
Act, 2013 and is registered with the Registrar of Companies (RoC), Uttar
Pradesh. Its CIN is U66300UP2026PLC245639. As a Nidhi company, it operates
under the Nidhi Rules, 2014.
Our registered office is at T3, B1212, NX One, Plot No-17, Techzone – 4,
Greater Noida (West), Uttar Pradesh - 201306. You can also reach us at
info@sblint.in.
Membership
Joining & Membership
Any Indian citizen who meets the eligibility criteria set by the company can
become a member. This typically involves submitting KYC documents, paying a
membership fee, and subscribing to the minimum required equity shares.
Minors and non-residents cannot become members.
Generally, you will need a valid identity proof (Aadhaar Card, PAN, Voter
ID, or Passport), address proof, and passport-size photographs. Please
contact our office for the exact list of required documents.
The membership fee and minimum share subscription amount are determined by
the company. Please contact us for the latest confirmed amounts. [To be confirmed]
Membership in a Nidhi company is generally non-transferable. However,
shares can be transferred in accordance with the company's Articles of
Association and applicable laws. Please contact our office for details.
Deposits
Savings & Deposit Schemes
Nidhi companies operate under the regulatory framework of the Companies Act,
2013 and the Nidhi Rules, 2014. However, it is important to note that
deposits in a Nidhi company are not insured by the Deposit Insurance and
Credit Guarantee Corporation (DICGC), unlike bank deposits. Members are
advised to review the company's financial health and compliance status.
We offer Fixed Deposits (FD), Recurring Deposits (RD), and Daily Deposit
schemes. Each has different tenures, minimum amounts, and interest rates.
Please visit our Deposit Schemes page
for details.
Premature withdrawal may be allowed subject to the company's deposit policy
and applicable terms and conditions. Penalties or reduced interest rates may
apply. Please contact our office for the specific premature withdrawal terms. [Terms to be confirmed]
Interest payment frequency (monthly, quarterly, or at maturity) depends on
the specific scheme and the option chosen by the member at the time of
deposit. Please refer to the scheme terms or contact our office. [To be confirmed]
Loans
Loan Services
No. As per Nidhi Rules, 2014, loans can only be provided to members of the
company. Non-members cannot avail any loan facility.
The maximum loan amount depends on the type of loan, your membership tenure,
deposit amount (for loans against deposits), and the company's internal
policies. Nidhi Rules also set certain limits based on the company's net
owned funds. Please contact us for specific details. [To be confirmed]
Loan interest rates vary by loan type and are determined by the Board of
Directors. As per Nidhi Rules, 2014, the rate of interest on loans shall
not exceed 7.5% above the highest rate of interest offered on deposits.
Please visit our Loan Services page for
indicative rates.
Loan processing time varies depending on the type of loan and completeness
of documentation. Generally, loans against deposits are processed faster
since the collateral is already with the company. Please contact our office
for estimated timelines. [To be confirmed]
Compliance
Regulatory & Compliance
While Nidhi companies are technically classified as NBFCs, they are exempt
from most RBI regulations under Section 45-IA of the RBI Act. They are
primarily regulated by the Ministry of Corporate Affairs (MCA) under the
Companies Act, 2013 and the Nidhi Rules, 2014.
Yes. As a member, you have the right to access the company's annual financial
statements and reports. These will be shared during the Annual General Meeting
and can also be requested from the company's registered office.
You can raise a grievance by writing to us at info@sblint.in or by visiting
our registered office. The company has a grievance redressal mechanism in
place to address member concerns. [Grievance redressal process to be confirmed]
Still Have Questions?
Our team is here to help. Get in touch with us for any queries.
