SHUMANGALAM NIDHI LTD

SHUMANGALAM NIDHI LIMITED with CIN-U65991UP2020PLN125963 is unlisted public company.

It was incorporated on 21st Jan’ 2020 and is located in Agra {Uttar Pradesh}

Shumangalam Nidhi ltd is a company registered under the Section-406 of Companies Act, 2013, regulated by Government of India {MCA-Ministry of corporate affairs}.Reserve Bank of India {RBI} is empowered to issue directions to them in matters relating to their deposit acceptance activities .Shumangalam Nidhi Ltd has a sole objective of cultivating the habit of thrift and savings amongst its members not being current accounts from the members as are allowed bylaw for Nidhi or Mutual Benefits Companies, condition as may from time to time prescribed in law for Nidhi or Mutual Benefits Companies.
Shumangalam Nidhi Ltd is allowed to take a deposit from its members and lend to its members only. Therefore, the funds contributed for a company are only from its members (shareholders) and used only by the shareholders of the Company.

1-Deposit Facility

* Member can create Saving Deposits, Fixed Deposits (FD), Recurring Deposits (RD), MIS, Daily Deposit Schemes (DDS) in SHUMANGALAMNIDHI LTD


* Interest Rate (ROI)- Fixed, Cumulative Interest Rate are available in SHUMANGALAM NIDHI LTD


* Debit and Credit facility available in all Saving Accounts of availableSHUMANGALAM NIDHI LTD


* Bond, Passbook, Interest Certificate, RD Transaction Receipt are available in SHUMANGALAM NIDHI LTD

2- Loan Facility

* Gold Loans, Property Loans, Deposit Loans, Fixed Loans, Other Business Loans (As Per Your Member’s Need) are available in SHUMANGALAM NIDHI LTD


* Auto Interest Rate Calculation – Flat, Reducing, Manual Interest Rate are available in SHUMANGALAM NIDHI LTD


* Advanced Interest, Interest As EMI and Principal Thereafter

3- Internet Banking & Real Time Debit Cards

*SHUMANGALAM’s Members can get User Id and Password on Enrolment


* Member can view all the accounts and transactions on real-time basis in SHUMANGALAM NIDHI LTD


* IFSC code, Automatic collection and NEFT/IMPS/RTGS/UPI Transfer is available in member’s a/c of SHUMANGALAM NIDHI LTD


* Prepaid Cards with HDFC Bank integrated with Software available on extra payment

4–All types of Reports and Statement facility available

* All Member shares etc Reports will be available with SHUMANGALAM NIDHI LTD


* TDS, Interest Report, FD, RD, DDS, MIS Reports


* All Loans related report available in member’s a/c of SHUMANGALAM NIDHI LTD


* Bonds, Passbook, Share Certificates, Securities Transfer Form etc Available in SHUMANGALAM NIDHI LTD

OUR VISION

THE VISION OF SHUMANGALAM NIDHI LIMITED IS “PUBLIC PROSPERITY” BY OFFERING FINANCIAL SERVICES TO ALL GROUPS OF PEOPLE AND OFFERING EQUAL OPPORTUNITY TO ALL, TO LIVE AN IMPROVED LIFE BY FINANCIAL ENABLEMENT AND EMPOWERMENT. THE PRINCIPAL FUNCTION OF THE SOCIETY IS TO RENDER FINANCIAL SERVICES TO ITS MEMBERS AND TO REACH THE NOOK AND CORNER OF THE COUNTRY THROUGH BRANCH EXPANSION WHERE FINANCIAL FACILITIES HAVE NOT REACHED

OUR MISSION

THE MISSION OF THE COMPANY IS TO CREATE SELF SUFFICIENT SUSTAINABLE ECOSYSTEM OF MEMBERS THROUGH CO-OPERATION. SHUMANGALAM NIDHI LIMITED IS TO ENABLE FINANCIAL INCLUSION BY PROVIDING AFFORDABLE FINANCIAL SERVICES TO THE UNDER-PRIVILEGED AND SOCIALLY EXCLUDED COMMUNITY,AND INCULCATE THE SAVINGS HABIT AMONG THE COMMON MAN THROUGH INNOVATIVE LOW COST FINANCIAL PRODUCTS AND SERVICES USING CO-OPERATIVE PRINCIPLES, SELF HELP AND MUTUAL AID.

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