How to Manage Nidhi Business for Multiple branches

How to Manage Nidhi Business for
Multiple branches
NBFC companies are becoming a trustable way to take loans in a very
efficient and quick way without any hassle. Nidhi Company is a part
of the NBFC which makes it follow the Companies Act 2013. There
are various rules and regulations which the company has to follow
but still, it works better than the traditional banks. They are strict
about lending loans which is why people are migrating to the Nidhi
To use the services of the Nidhi Company you have to become a
member of that company. After successfully becoming a member,
you can now deposit money or take loans. Everything stays among
the members.
The best thing about Nidhi Company is that it is easy to form. The
documentation is not too long. The capital needed for formation is
just 5 lakhs. You should have at least 7 members to start the
company. NO RBI license is needed which makes this process faster.
To proceed further you have to ensure that within a year the Nidhi
Company should have at least 200 members.
As the Nidhi Companies are growing rapidly, they have spread in
many towns, villages, cities and states. Every branch of the company
works on itself. The services provided are the same in every branch.
These branches have their own admins and operators who take care
of activities through Nidhi Software. This software has numerous
features which lets the user to get an overview of all the activities
and operations of the Nidhi Company.
The Nidhi Company Software is beneficial because it makes the
whole process easy which might take lots of time. The software
allows automation of various tasks.
Every branch of the Nidhi Company has its own Nidhi company
software to manage the operations. The software also allows us to
manage multiple branches. You can do various tasks with this
software like:
 Create Multiple Branches
You can use the Nidhi company software to create multiple
branches. This is called Branch Manager. It has every option to
allow the user to create the branch management facility. There
is no limit of branch creation. You can create unlimited
branches with multiple facilities.
 Backup Data
There are lots of data involved in the multiple branches of the
company. It is important to protect the data in case ofdata loss
because of any accident. This data is valuable. To secure this
data backup facility is available to back up the whole data
somewhere to a secured location.
This can be done for all the branches of the Nidhi Company.
 Branch Staff Management
The Nidhi Company Software allows you to manage multiple
branches. The staff of the branches can also be managed
through this. You can create unlimited staffs for the branch.
Every staff can be assigned their page rights. They cannot
access anything outside of their right.
 State City and Region Master
A branch master can manage lots of things like the rights of the
state master, city master, and region master. Every branch can
be given a number of operators.