Nidhi Company Software Demo:

Websoftex Nidhi Software has large expertise in development of Nidhi Software. We provide a .NET primarily based centralized info on-line software for Nidhi firms with core banking operations like mounted Deposit, continual Deposits, Loan to Customers, Monthly financial gain Schemes, Dividend declarations etc.

Our Company handles the Members details like: all Saving A/c, Current A/c, FD A/c, RD A/c, and DDS A/c. It handles the management of Cheque book and Bond. It handles all Loan operations, printing Loan Ledger, Automatic Interest Calculations. Our company offer this kind of software that have a ample outstanding banking options like FD, RD, MLM, Daily brokerage account, Saving Accounts and Loan Accounts.

We’ve got fastidiously analyzed the Nidhi business necessities to create excellent Nidhi software. This software has the options to handle multi branches, multi user entry and coverage operations. We tend to square measure providing the very best level Nidhi package in affordable worth. If you wish to begin Nidhi package with a high banking security primarily based package, we will counsel you the simplest solutions.

The software is very helpful and easy and is useful for any company that is doing Nidhi connected business. The software is absolutely customized providing the business with every and each tool it needs for its swish implementation.

A Nidhi software would like this package as by mistreatment this all the items can get straightforward to manage underneath one cowl like, all of your branches, staff, operators, agents, customers, policies, deposits, withdrawals, loans, saving accounts alternative completely different schemes, coverage and much a lot of.

Before developed that our consultants researched on Nidhi firms in terribly deep and understood the construct additionally. When a lot of analysis on it we tend to started the work to develop the “Nidhi firms Software” package. Our team thought that heap of constraint in online base like core banking, real time change isn’t offered etc., and therefore we tend to determined to develop that application on internet. For More info about our software please go through the demo links given below

Nidhi Software Demo

NBFC Software Demo

Microfinance SHG Software

Nidhi Company Software Bangalore, Nidhi Company Registration

Nidhi Company Banking Software Bangalore is a online web based software built especially for Nidhi Company with automatic posting of business data to accounts module. Websoftex Nidhi Banking is a .NET based centralized database online software for Nidhi Software with core banking operations such Fixed Deposit, Recurring Deposits, Daily Deposit Schemes, Loan to Customers, Monthly Income Schemes, Dividend declarations, Saving A/c, Current A/c, FD A/c, RD A/c, DDS A/c, Management of Cheque book, Passbook and Bond. Websoftex Nidhi Company Banking Software handles all kind of Loan operations, Printing Loan Ledger, Automatic Interest Calculations.


Websoftex has been working in software development since last seven years. In that period we have design lot of websites & software, “Nidhi Company Software” is one of them. Before developed that our experts research on that in very deep and understood the concept also. After more research on that we started the work to develop the “Nidhi Company Software” software. Our team thought that lot of limitation in window base like core banking, real time updating is not available etc., so we decided to develop that application on Web.




In exercise of the powers conferred under sub-section (1) of section 406 read with sub-sections (1) and (2) of 469 of the Companies Act, 2013, the Central Government hereby makes the following rules, namely:-

  1. These Rules may be called Nidhi Rules, 2013.
  2. They shall come into force on the date of their publication in the Official Gazette.
  3. These rules shall apply to:

(a) Every company which had been declared as a Nidhi or Mutual Benefit Society under sub-section (1) of section 620A of the Companies Act, 1956.


(b) Every company functioning on the lines of a Nidhi company or Mutual Benefit Society but has either not applied for or has applied for and is awaiting notification to be a Nidhi or Mutual Benefit Society under sub-section (1) of section 620A of the Companies Act, 1956.


(c) Every company incorporated as a Nidhi pursuant to the provisions of section 406 of the Act (hereinafter referred to as Nidhi).


  1. 4. in these rules:-

(i) “Act” means the Companies Act, 2013.


(ii) “Doubtful Asset” means a borrowal account which has remained a non-performing asset for more than two years but less than three years.


(iii) “Financial year” means financial year as defined in sub-section (41) of section 2 of the Act.


(iv) “Loss Asset” means a borrowal account which has remained a non-performing asset for more than three years or where in the opinion of the Board, a shortfall in the recovery of the loan account is expected because the documents executed may become invalid if subjected to legal process or for any other reason.


(v) “Member” means a member as defined in sub-section (55) of section 2 of the Act.


(vi) “Net Owned Funds” means the aggregate of paid up equity capital and free reserves as reduced by accumulated losses and intangible assets appearing in the last audited balance sheet:

Provided that:

(a) A reserve shall be considered as a “free reserve” if it is available for distribution as dividend.


(b) The amount representing the proceeds of issue of preference shares shall not be included for calculating Net Owned Funds.


(vii) “Non-Performing Asset” means a borrowal account in respect of which interest income and/or installment of loan towards repayment of principal amount has remained unrealised for 12 months.


(viii) “Standard Asset” means the asset in respect of which no default in repayment of principal or payment of interest has occurred or is perceived and which has not shown signs of any problem relating to repayment of principal sum or interest nor does it carry more than normal risk attached to the business.


(ix) “Sub-Standard Asset” means a borrowal account which is a non performing asset:

Provided that reschedulement or renegotiation or rephasement of the loan instalment or interest payment would not change the classification of an asset unless the borrowal account has satisfactorily performed for at least twelve months after such reschedulement or renegotiation or rephasement.