Membership
Join as a member, own a share in the company
Membership is open to individuals who complete KYC and subscribe to the company's equity shares. As a member you can use all savings and loan services.
Who can join
- Any individual aged 18 years or above
- Resident of India with valid KYC documents
- Willing to subscribe to the company's equity shares
Documents required
- Aadhaar card
- PAN card
- Two recent passport-size photographs
- Address proof (if different from Aadhaar)
- Bank account details for payouts
Frequently asked questions
Why do I need to buy shares to become a member?
A Nidhi works only with its own members. Holding equity shares makes you a member and a part-owner of the company, which allows you to use its savings and loan services.
How many shares do I need?
Every member who holds a deposit must hold at least 10 equity shares of ₹10 each, i.e. ₹100 in total.
Can a non-member take a loan?
No. Under the Nidhi Rules, 2014 a Nidhi can lend only to its members, and only against approved security.
Can a company or trust become a member?
No. Only individuals can be members of a Nidhi company.