Nidhi Company Software

The Nidhi Company Software by Hubco.in is a solution designed to efficiently manage the operations and compliance of Nidhi Companies. According to the vendor, this cloud-based software is specifically tailored for small to medium-sized Nidhi Companies, as well as professionals and industries in the financial services sector, including Non-Banking Financial Companies (NBFCs), cooperative societies, microfinance institutions, and credit unions.

Key Features

Cloud-based Nidhi Software: According to the vendor, users can access the software anytime, anywhere through the cloud. There is no need to install or maintain software on local machines, allowing for flexibility and scalability.

Automatic Membership Process: The vendor claims that this software streamlines the membership process for Nidhi Companies by adding unlimited members with automatic share allotment. It simplifies the creation and management of member accounts.

Complete Deposits Module: According to the vendor, users can manage all aspects of deposits, including opening, editing, and closing. The software generates automatic deposit and loan forms, as well as bank statements and passbooks for members.

Auto Interest Rates and Calculators: The vendor states that users can set and calculate interest rates automatically. The software provides interest calculators for easy interest calculation, simplifying interest management for deposits and loans.

Auto TDS Deduction from Clients: According to the vendor, the software automatically deducts TDS (Tax Deducted at Source) from client accounts to ensure compliance with tax regulations. This feature helps reduce manual work and human errors.

Auto Nidhi Compliance Module: The vendor claims that this software automates Nidhi compliance processes and generates NDH-3 (Annual Return) automatically. Users receive notifications for any non-compliance to Nidhi rules.

Complete Loan Module: According to the vendor, users can manage all aspects of loans, including application, approval, and repayment. The software provides access to loan forms, procedures, and everything required for efficient loan management. It also integrates with internet banking and offers an auto loan calculator.

Banking Level Software with High Security: The vendor states that this software provides high-level security for Nidhi company data, ensuring data confidentiality and integrity. It claims to meet banking industry standards for software security.

Payment Gateway Integration (Add-on Feature): According to the vendor, users can integrate a payment gateway for online transactions. This feature enables members to make online payments easily, enhancing convenience and efficiency for financial transactions.

Android Mobile App (Add-on Feature): The vendor claims that this software provides a mobile app for Nidhi company operations. It allows members to access their accounts and perform transactions on the go, enhancing member experience and convenience.