Membership Management:VIEW SCREENSHOT

Enables customer to enroll as Member, Non-Member, Associate Member and Nominal Member and it consists of Enrollment, member assets and liability details:

Member management

Nidhi company is created for cultivating the habit of savings among its members. This software is capable to managing all kind of Member management activity.

Share management

Nidhi software is capable to managing all kind of Share management activity in nidhi company.


Loan management

Nidhi software is capable to managing all kind of Loan management activity Business Loan , Personal Loan , Unsecured Loan, Secured Loan (Girvi / Mortgage loan) , Gold Loan, Vehicle Loan, Group Loan, Loan on Deposits in nidhi company.


Account management

General Ledger, Ledger / Sub Ledger Group, Journal Voucher Entry, Contra Voucher Entry , Cash Book, Day book, Bank Book, Receipt and Payment AC, Trial Balance, Profit and Loss A/C, Balance Sheet,


Banking

Member Profiles Queries (Share, Deposits and Loans of the member).

Banking

Multi-user Online web based with Multi Branch core Banking application.

Banking

Report export facility to various useful formats such as Ms Word. Ms excels. Customized and user defined reports.

Banking

Photos & signatures of members are stores in data base are Accessible when ever required.

Banking

Closing of Membership.

Banking

Member Address lists.

Banking

Reports.

Deposit Accounts:


NIDHI is the India's Best Nidhi Software for managing all kind of Deposit Account activity Like


Saving Account

A savings account is an interest-bearing deposit account held at a bank or another financial institution that provides a modest interest rate

Over Draft

An extension of credit from a lending institution when an account reaches zero. An overdraft allows the individual to continue withdrawing money even if the account has no funds.

Cash Credit Account

Cash credit is a type of short term loan provided to companies to fulfill their working capital requirement. Overdraft is a facility given by the bank to companies, to withdraw money "more" than the balance available in their respective accounts.

Software Features

Master Entry Module

  • Branch Master
  • Region Master
  • State Master
  • Plan Master
  • Rank Master
  • Commission Master
  • Relation Master
  • Bank Master
  • Configuration Master
  • Target Master
  • Prize Master
  • Voucher Master
  • Account Master
  • Dividend Master
  • Maturity Master
  • Loan Master
  • Interest Master
  • Financial Year Master

Member / Associate Module

  • Member / Associate Entry
  • Member / Associate Search
  • Member / Associate Joining Report
  • Member / Associate Detail Report
  • Member / Associate Wise Search
  • Associate Chain
  • Member / Associate Down line
  • Member / Associate Transfer
  • Member / Associate Rank Promotion
  • Active & Inactive Member / Associate
  • I-card Print

Investment Module

  • Investment Entry
  • Renewal Entry
  • Multi-renewal Entry
  • Multi-investment Multi-renewal Entry
  • Investment / Investment Renewal Approve
  • Renewal Pending List Branch / Associate Wise
  • Search Investment
  • Business Report
  • Business Report Plan Wise
  • Business Report Summary
  • Business Certificate / Bond Approve
  • Business Certificate / Bond Print
  • Spot Commission Payment
  • Certificate / Bond Dispatch Tracking

Savings Account Module

  • Account Opening Entry
  • Account Approval
  • Account Transaction
  • Account Transaction Approval
  • Auto Interest Calculation
  • Auto Interest Payment
  • Account to Account Transfer
  • Account Search
  • Account Ledger
  • Account Report (All Category)
  • Account Passbook Print

Loan Module

  • Loan Master
  • Loan Group Master
  • Single Loan Entry
  • Group Loan Entry
  • Loan Requisition
  • Loan Approval
  • Loan Disbursement
  • Loan EMI Payment
  • Loan Payment / Approval Report
  • Loan Disbursement Report
  • Loan Search Member / Branch Wise
  • Loan Account Ledger

Maturity Module

  • Maturity Master
  • Maturity Requisition
  • Maturity Approval
  • Maturity Payment
  • Maturity Part Payment
  • Maturity Re-investment
  • Maturity Search (All Category)
  • Maturity Report (All Category)

Approval Module

  • Member Joining Approval
  • Associate Joining Approval
  • Investment Approval
  • Investment Renewal Approval
  • Certificate / Bond Approval
  • Savings Account Approval
  • Savings Account Transaction Approval
  • Loan Approval
  • Maturity Approval
  • Payment Approval
  • Cheque Business Approval
  • Other Approvals

Admin Module

Admin Module

  • User Management
  • Create User ID and Password
  • User Type Master
  • User Tracking
  • User Block / Unblock
  • Modify & Delete Any Data
  • User Activity Report
  • Send Notifications to Members and Associates
  • Inter Branch Communications

Voucher Module

  • Voucher Master
  • Voucher Root
  • Voucher Generation
  • Voucher Search and Print
  • Voucher List Search and Print
  • Voucher Summary Associate Wise
  • Voucher Status Report Print and Pay
  • Voucher Payment
  • Advance Payment and Adjustment
  • Voucher Payment Transfer to Savings Account

Payment Module

  • Commission / Voucher Payment
  • MIS Payment
  • Spot Commission Payment
  • Maturity Payment
  • Advance Payment and Adjustment
  • Loan Payment
  • Prize Payment
  • General Account Related Payment
  • All Payments Transfer to Savings Account

Modification Module

  • Member Modify
  • Associate Modify
  • Investment Modify
  • Investment Renewal Modify
  • Savings Account Modify
  • Savings Account Transaction Modify
  • Loan Modify
  • Loan Approval Modify
  • Account Related Entry and Payment Modify
  • All Payment Modification
  • All other kinds of Modification

Accounts Module

  • Cash Book / Bank Book
  • Account Head Creation
  • Expenditure Group Creation
  • Budget Creation
  • Expenditure Entry Requisition
  • Expenditure Entry Approval
  • Expenditure payment
  • Other Income Entry
  • Budget Expenditure Requisition
  • Budget Expenditure Approval
  • Budget Expenditure Payment
  • Budget Expenditure Report
  • Branch Fund Transfer
  • Branch Fund Transfer Approval
  • Day Book
  • Trail Balance
  • Auto Cash / Balance Sheet
  • Cash Sheet Summary
  • Bank Deposit Entry
  • Bank Withdrawal Entry
  • Bank Account Ledger
  • Day End Denomination Entry
  • Branch Day End Closing

Print Module

  • Joining Acknowledgement Print
  • I-card Print
  • All Kinds of Money Receipt Print
  • Bond and Certificate Print
  • Passbook Print
  • Voucher Print
  • CLD Print

Search Module

  • Member / Associate Search
  • Loan Search
  • Savings Account Search
  • Approval Search
  • Total Business Search (All Category)
  • Associate Self and Team Business Search
  • All kinds of Print Pending and Due List Search
  • Maturity Search (All Category)
  • All kinds of Payment Search
  • Investment Search
  • Team Wise Search (All Category)

Report Module

  • All kinds of Member / Associate Report
  • Business Report (All Category)
  • Business Report Plan Wise
  • Business Report Summary
  • All kinds of Approval Report
  • All kinds of Payment Report
  • All kinds of Investment Report
  • All kinds of Modification Report
  • Associate Collection Report Branch Wise
  • Associate Collection Report Rank Wise
  • Associate Self and Team Business Report
  • Savings Account Report
  • Loan Report (All Category)
  • Income Expenditure Report
  • Bond / Certificate Print and Dispatch Report
  • Cheque Business Report
  • TDS Report
  • All kinds of Account Related Report
  • All kinds of Print Report

SMS Module

  • Auto SMS
  • Individual SMS
  • Group SMS
  • Notification SMS

Auto Generation Features

  • Automatic Dividend Calculation
  • Automatic Interest Calculation
  • Automatic Voucher Generation
  • Automatic Installment Generation
  • Automatic Penalty Calculation
  • Automatic EMI Calculation
  • Automatic Cash sheet Generation

Member / Advisor Login Module

  • Modify Password
  • Update Some Information
  • Check Their Self and Team Business
  • Send Joining Requisition
  • Send Investment Requisition
  • Send Investment Renewal Requisition
  • Loan Apply
  • Loan EMI Payment
  • Send Account Opening Requisition
  • View Their Account Summary
  • Transfer Fund to Other Account
  • View Their Loan Status
  • View Last 6 Months Voucher
  • Utility Bill Payment
  • View & Print Money Receipt
  • Last Activity
  • My Notification

HRM Module (Optional)

  • HR Master
  • a. Department Master
  • b. Designation Master
  • c. Holiday Master
  • d. Salary Master
  • Employee Master
  • Weekly Off-day Setup
  • Off-day Settings
  • In and Out Timing
  • Employee Leave
  • Employee Leave Approval and Confirmation
  • Attendance In and Out
  • Leave Adjustment
  • Salary Generation
  • Salary Payment
  • Print Salary Slip
  • Employee Search
  • Block / Unblock Employee
  • Appointment and Offer Letter Print
  • Attendance and Leave Report

Stock and Logistic Module (Optional)

  • Stock Master
  • Category Master
  • Item Master
  • Supplier Master
  • Purchase Order
  • Stock Received
  • Order Book
  • Scrap Items
  • Distribution Requisition
  • Distribution Requisition Approval
  • Distribute Stock
  • Sale Invoice
  • Invoice Lookup
  • Report
  • a. Inventory Report
  • b. Purchase Report
  • c. Distribution Report
  • d. Warning Report
  • e. Sale Report
  • f. Scrap Report
  • g. Stock and Out-of-Stock Report

General Features

  • Real Time Update
  • Highly Secured
  • All data are Encrypted
  • Mass SMS /E-mail
  • SMS / E-mail Notifications
  • Fully Customizable
  • All Reports for Audit Purpose
  • User Friendly GUI
  • Easy to Handle (Without having any computer knowledge)
  • Bar Code Facilities
  • 24*7 Online Support

What is a Nidhi Company?

Belonging to the classification of non-banking business firms and identified below Section 406 of the Companies Act, 2013, it is regulated by the central government. The basic business of such a company is to facilitate lending money between the core members of the company. Examples of a Nidhi Company are permanent funds, mutual benefit funds, a mutual benefit company and benefit funds. The main concept behind developing a Nidhi Company is to obtain cash deposit from associates or contribute to them, for the common gain of the two parties. All lending and acquiring must agree with the decree stated in chapter XXIV of Company Rules, 2014.

Basics of a Nidhi Company

Regulated by MCA & RBI

The financial dealings and all the registration processes of a Nidhi company are regulated by the Ministry of Corporate Affairs. The deposit acceptance activities conducted by the Nidhi Company also come under the scanner of Reserve Bank of India and the latter has the rights to look into the financial dealings. Nidhi companies are only allowed deposits which are over six months and less than five years old.