INGIT MUTUAL BENEFIT NIDHI LIMITED comes under one class of NBFCs, Reserve Bank of India (RBI) is empowered to issue directions to them in matters relating to their deposit acceptance activities. However, in recognition of the fact that Nidhi deal with their shareholder-members only, Reserve Bank of India (RBI) has exempted the notified Nidhi from the core provisions of the Reserve Bank of India (RBI) Act and other directions applicable to NBFCs. Nidhi in the Indian context / language means "treasure". Howe
A Reccuring deposit (RD) is a financial instrument provided by Indian banks which provides investors with a higher rate of interest. > > Read More
A fixed deposit (FD) is a financial instrument provided by Indian banks which provides investors with a higher rate of interest. > > Read More