#SavingsCulture Archives - Knowledge Base

Advantages of Nidhi Company

Introduction Advantages of Nidhi Company : A Nidhi Company is a non-banking financial company (NBFC) that operates with the goal of encouraging savings and providing financial assistance to its members. These companies are regulated under Section 406 of the Companies Act, 2013, and governed by Nidhi Rules, 2014. Unlike other financial institutions, a Nidhi Company… Read More »

Provident Funds (PF)

Provident Funds (PF) PF stands for Provident Fund, a mandatory savings scheme in India for employees and employers. It aims at ensuring financial security for employees after their retirement. It also includes contributions from both the employee and employer towards a dedicated provident fund account. Overview of the Public Provident Fund: Purpose:The primary goal of… Read More »