Nidhi Company Software logo

Nidhi Company Software

by Hubco Technologies · Since 2016
No reviews yet
Active1+ countries
Quick facts
VendorHubco Technologies
Year launched2016
StatusActive
Location1116, 11th Floor, Supernova Astralis, Plot No 3, Noida, India, Uttar Pradesh
Countries served1+
Languages1
Integrations4+
Free tierN/A
Free trialN/A
Contact salesN/A

About Nidhi Company Software

Nidhi Company Software is a management platform from Hubco Technologies designed for handling the operations of Nidhi companies. It provides features like member management, loan management, and financial reporting so organizations can effectively manage their financial transactions and member interactions. The software allows for easy tracking of member deposits and loans, while generating required compliance reports. It also helps in maintaining transparency and facilitates better decision-making through comprehensive data insights. Key capabilities: member registration loan application processing interest calculation compliance reporting financial analytics Best for: Nidhi company administrators that need to manage member finances and regulatory compliance efficiently.

Nidhi Company Software by Hubco Technologies is a specialized accounting solution tailored to the unique needs of Nidhi companies in India. The software is designed to streamline financial operations while ensuring compliance with regulatory requirements specific to Nidhi companies. This cloud-based solution offers a variety of features that automate tasks related to deposits, loans, member management, and compliance, making it an essential tool for financial service providers in this niche industry. Key features of Nidhi Company Software include automatic interest rate calculations, TDS (Tax Deducted at Source) deductions, and the management of deposits and loans. The software also simplifies the membership process, allowing for the easy addition and management of members, along with features like online saving forms for fixed deposits (FD) and recurring deposits (RD). Compliance is a major focus, with an auto-compliance module that ensures adherence to Nidhi rules and regulations, as well as automatic preparation of NDH 3 forms. Security is another critical aspect, with banking-level security measures in place to protect all transactions.

Pros & Cons

Pros
  • Comprehensive compliance features.
  • High security for transactions.
  • Mobile application for easy access.
  • Automatic calculations and deductions.
  • Affordable pricing
Cons
  • Limited to Nidhi companies.
  • Primarily available in India.
  • No in-app marketplace.
  • No mini apps.
  • Limited language support.

Features

Key features

Accounting tools, Loan management, Passbook printing, Branch management system, SMS integration, Multi-user support, Income and expense tracking, Customer relationship management, Savings account management, Security options

Additional features

Opening of Deposits/Loans

Manages the opening of deposits and loans.

Creating Members

Adds and edits member information.

Automatic Deposit/Loan Forms

Generates forms automatically.

Bank Statement/Passbook Creation

Creates bank statements and passbooks.

Complete Deposits Module

Manages all deposit-related activities.

Internet Banking Facility

Provides internet banking services.

Salary and Incentive Calculation

Calculates salaries and incentives.

Auto NDH 3 Preparation

Prepares NDH 3 forms automatically.

Auto Due Date Reminder System

Reminds users of due dates.

Notification for Non-Compliance

Alerts users of any non-compliance issues.

Pricing

Free trial
Free version
Request a quote
Promo Offer

Countries & Languages

1
Countries served
1
Interface languages
1
Billing currencies

Available in

India

Interface languages

English

Billing currencies

🇮🇳INR

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