The company “Reja India Nidhi Limited” incorporated on 25/09/2019 under Companies Act, 2013. Nidhi Company carries on the business of taking deposits and lending money among its members. Nidhi Company carries no business other than defined in the Memorandum of Asso- ciation of the Company.
The use of this website is subject to the following terms of use:
- No deposit shall be repaid within a period of three months from the date of acceptance.
- If deposit is withdrawn at the request of the depositor after three months, the depositor shall not be entitled to any interest up to six months from the date of deposits.
Where at the request of the depositor, a Nidhi makes repayment of a deposit before the expiry of the period for which such deposit was accepted
by Nidhi,the rate of interest payable by Nidhi on such deposit shall be reduced by two percent from the rate which Nidhi would have ordinarily
paid, had the deposit been accepted for the period for which such deposit had run.
However, in the event of death of a depositor, the deposit may be repaid prematurely to the surviving depositor or depositors in the case of
joint holding with survivor clause, or to the nominee or to legal heir with interest up to the date of repayment at the rate which the company
would have ordinarily paid, had such deposit been accepted for the period for which such deposit had run.
Declaration by Board of Directors: Board of Directors of the Company hereby declare that all the requirements of Companies Act, 2013 (18 of 2013) and the rules including the Nidhi rules, 2014 made there under in respect of the subject matter of this form and matters incidental thereto have been complied with.We also declare that all the information given herein above is true and correct.
Important Note: Neither Reserve Bank of India (RBI) nor Central Government does undertake any responsibility for the financial soundness of Nidhi or for the correctness of any of the statement or the representations made or opinions expressed by Nidhi and the deposits accepted by Nidhi are not insured and the repayment of deposits is not guaranteed by either the Central Government or the Reserve Bank of India.
Exhibit 1: Terms and Conditions for Accepting Deposits..
Exhibit 2: Terms and Conditions for Lending.
"I have read and understood above application form and I have gone through the financial and statement /particulars /representations furnished/ made by the Nidhi an after careful consideration I am making the deposit with the Nidhi at my own risk and volition.".