08 Feb 2021 · Nidhi · By Qrologic
Nidhi companies need to manage members, share capital, deposits (FD, RD, savings), loans and statutory reports. Our Nidhi Software handles all of it in one secure system.
Key features
Member management, deposit schemes, loan management, interest calculation, collection agents app, SMS alerts and complete accounting with reports.
What is a Nidhi company?
A Nidhi company is a type of NBFC registered under the Companies Act that accepts deposits from and lends only to its members. Because it handles members' money, it must follow the Nidhi Rules and keep accurate records of members, deposits, loans and interest.
Member and share management
Register members with KYC documents, issue shares and share certificates, track nominee details and maintain the member register in one place.
Deposit schemes
Run savings accounts, fixed deposits (FD), recurring deposits (RD) and daily deposit schemes with automatic interest calculation, maturity alerts and passbook printing.
Loan management
Manage gold loans, property loans, personal loans and loans against deposits with EMI schedules, penalty rules, collection tracking and overdue reports.
Collection agent app
Field agents can collect daily deposits and EMIs through an Android app. Members receive SMS confirmation instantly and the branch sees collections in real time.
Accounting and reports
Day book, cash book, ledger, trial balance, profit and loss and balance sheet are generated automatically from transactions, along with reports needed for compliance and audits.
Security and multi-branch support
Role-based access, branch-wise data, backups and audit logs keep data safe while head office gets a complete view of all branches.
Nidhi software in Jaipur and across India
Qrologic builds and supports Nidhi software from Jaipur, Rajasthan for Nidhi companies across India. Contact us for a demo and a setup customised to your schemes.
Qrologic Softech is now one of the most preferred service providers for Nidhi Software across the country.
