Functionalities of Nidhi Software

Nidhi software is an integrated software which is designed to enable smooth running of a Nidhi and mini banking company administration and management process. Nidhi software is also known as RD FD software or Agro producer company software. This software is an easy-to-understand and easy-to-deploy, built over a fast and flexible platform so that it can be accessed over a variety of devices just with the help of internet connectivity.

Nidhi company is a mutual benefit company formed by government of India for the purpose of providing loans to the members of the company. The operations of such company can be carried out by this special software known as the Nidhi Software which has a wide range of functionalities:

List of Nidhi Software Functionalities-

  • Nidhi software is a highly integrated system which can perform multiple tasks at once at a given moment. Hence is becomes very handy for the company to run its operations and management smoothly within a given time constraint.
  • A huge quantity of information can be collected and analysed as per the requirements of the company by this software. Therefore, information related to the company, it’s members and its operations is no longer a hassle.
  • This software is also very effective in various types of document management.
  • Apart from very conclusive data management, this software can also be used from anywhere in the world making location no longer a barrier.
  • This software is very user friendly making it easier for the first-time users to get accustomed to its way of processing and handling operations and information.
  • It provides data export facility from the software to various other platforms according to the convenience of its users.
  • The software provides customized and user-defined reports which can be viewed on screen and also be printed as per requirements of the company and its users.
  • The dashboard is designed to provide a view of all the features of the software in one place creating an active interface for different types of users.
  • The software has the capacity to handle high volume of transactions by multiple users at same or different locations quite effectively.
  • Nidhi software also provides CRM (Customer Relationship Management) for best service and support to its members.

What are the Function of Nidhi Software?

Nidhi software is very much essential to manage all kinds of finance related activities within a short span of time. Overall, Nidhi software will manage all the branches, employees, operators, agents, customers, policies, deposits, withdrawals, loans, savings account and other different schemes, reporting and lots more for a Nidhi company. It also supports debit cards, IFSC, NEFT/IMPS/UPI Transfers, Credit report, utility payments from saving and much more. As the cost of Nidhi software is quite pocket friendly, availing it would be perfect.

Final Words

This software helps you in concentrating on your business growth by speeding up work and reducing operational time. It is fully customizable and can be integrated with real time Mobile, SMS and Email system. A person can master this software in a short span of time with basic computer knowledge. The process and methodologies of Nidhi software are persistently monitored, efficient to keep pace with the new innovations in technology and customer’s requirements.

FAQs and Answers

What is Nidhi Company?

Nidhi company is a type of non-banking financial company (NBFC) in India. Nidhi Company is a business structure which was established under Section 20A of the Companies Act, 1956 (Section 406 of the new Companies Bill 2012, as passed by the Lok Sabha) and is solely governed by the Ministry of Corporate Affairs (MCA).

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