Overview

HBF NIDHI LIMITED, a public limited company, was incorporated in 2017, recognizing the prevalent gap in addressing the basic functionality of banking to inculcate the habits of “Thrift Saving”. In line with the growing aspiration of a resurgent and developing economy of India and with the focus of financial inclusivity of the population by the present economic outlook, HBF Nidhi Limited aspires to address this opportunity with its innovative products and services. We are recognized under Section 406 of the Companies Act 2013, and ratified, Under Nidhi Act 2014, by the Hon’ble Parliament of India, are also known as Permanent Fund, Benefit Fund, Mutual Fund and Mutual Benefit Banking. HBF Nidhi Limited is authorized to accept deposits and lend money between the members, making the core business to be of borrowing and lending as a basic banking between members. They are regulated by Ministry of Corporate Affairs as a public limited company. Reserve Bank of India is empowered to issue directions to them in matters relating to their deposit acceptance activities as stipulated in the Act, however, in recognition of the fact that these companies deal with their shareholder-members only. We accept the deposits, within the framework of norms stipulated by RBI, the funds mobilized are utilized for the advance of secured loan to the members only. The Company is bound by the guiding principles of honesty, sincerity, transparency, security, confidence and service and is constantly evolving with innovative and progressive products and services. The Company provides wide range of financial products with competitive rates of interest and with different features to suit the investment and financial needs of individual Members within the ambit of Nidhi Guidelines.