HBF Nidhi Limited is a non-banking financial company (NBFC) registered under the Companies Act, 2013, and regulated by the Ministry of Corporate Affairs (MCA), Government of India. Its core business follows the Nidhi company model, which aims to cultivate the habit of thrift and savings among its members. The company accepts deposits from its members through various schemes like Fixed Deposits (FD), Recurring Deposits (RD), and Monthly Income Plans (MIP), and in turn, provides secured loans, such as Gold Loans and Loans Against Property, to its members at competitive interest rates. The business operates on the principle of mutual benefit, functioning similarly to a credit union for its member base.

Founded in

India