Can someone join a nidhi company?

Jochandra Nidhi Limited

Jochandra Nidhi Limited., Being a company registered under the Companies Act 2013, it automatically comes under the supervision of the MCA. Also being registered under the Company Act 2013 Jochandra Nidhi. Main objective is to encourage and afford all facilities for cultivating thrift, saving habits and to render all financial assistance to its member only by receiving long and short term deposits and in particular recurring, fixed and other deposits, not being current accounts from the members as are allowed by law for Nidhi 01 Mutual Benefits Companies, and to grant loans to the members only as against securities of immovable properties (within City) and or on the security of deposits, movable such as gold, silver, jewelery’s and other government securities up on such terms and condition as may from time to time prescribed in law for Nidhi or Mutual Benefits Companies.

A company declared as a Nidhi or Mutual Benefit Society registered under the section 406 of the Companies Act, 2013. Nidh is have many features which make them stand distinctly apart from many other Non-Banking financial companies who are working under the guide line of R.B.I
Jochandra Nidhi Limited., Has the rules and objectives of that are the same as a bank, but it is only in effect to someone (a members group) who has agreed or joined this agreement, as a bank, but to do business for the Its member only. So if the term is a quasi-bank, i think that the rules and objectives of that are the same like the commercial bank, but this thing are only in effect to someone (a members group) who has agree / join on this agreement. If a bank, but not the one honored to do business for public. The way we provide service to our members is far better than others and we are trying to make it much better as our aim is to provide extreme level service to people as well as to our nation. Providing a world class financial support, Jochandra Nidhi ltd.,. is continuously securing the society, we live in; on the other side, creating all new service method spontaneously Jochandra Nidhi ltd., is presenting a pleasant way which will help human being to lead the life comfortably. In a word we can say that Jochandra Nidhi ltd., Is the "New Way Of Your Savings.
Global banking has changed rapidly and Jochandra Nidhi Ltd., has worked hard to adapt to these changes. The bank looks forward to the future with excitement and a commitment to bring greater benefits to our members. Jochandra Nidhi Ltd., with years of dedicated service to the nation through active financial participation in all segments of the economy -Banking, Industry, Trade & Commerce, Service Sector, Infrastructure Sector etc., is keeping pace with the changing environment. Jochandra Nidhi Ltd., has marched into the 21st Century matched with dynamism and growth!

Jochandra Nidhi Limited., A company registered under the Companies Act 2013, is automatically regulated by the MCA. Also registered under the Company Act 2013 by Jochandra Nidhi. The main objective is to promote and afford all institutions for cultivating thrift and saving habits and to provide its member with any financial support only through the receipt of long-term and short-term deposits and in particular recurring, fixed and other deposits that are not members' current accounts. Under the law, Nidhi 01 Mutual Benefits Companies are only allowed to lend against securities of real estate (within the city) and / or against collateral of deposits that are movable, such as gold, silver, jewelry and other government securities on terms as required by law from time to time for Nidhi or mutuals.

A company registered as a Nidhi or Mutual Benefit Society under Section 406 of the Companies Act, 2013. There are many characteristics that distinguish Nidh from many other non-bank financial firms that operate under the R.B.I. work
Jochandra Nidhi Limited. Has the same rules and objectives as a bank, but only applies to someone (a group of members) who has accepted or acceded to this agreement as a bank, it applies to the Members Only. So if it is a quasi-bank I think the rules and objectives are the same as the commercial bank, but this only applies to someone (a group of members) who agrees / joins this agreement. If a bank but not the one that honors doing business for the public. The way we service our members is far better than others and we try to improve it as our goal is to provide service to people and our nation at the highest level. Jochandra Nidhi Ltd. continuously secures the society in which we live; On the other hand, with the spontaneous creation of all new service methods, Jochandra Nidhi ltd. Offers a pleasant way that will help people live a comfortable life. In a word, we can say that Jochandra Nidhi Ltd. the "new way to save" is.
Global banking has changed rapidly and Jochandra Nidhi Ltd. has worked hard to adapt to these changes. The bank looks to the future with excitement and commitment in order to bring more benefits to our members. Jochandra Nidhi Ltd., who has been committed to the nation for years and has an active financial stake in all areas of the economy - banking, industry, trade and commerce, service sector, infrastructure sector, etc. - keeps pace with the changing environment. Jochandra Nidhi Ltd. started the 21st century with dynamism and growth!