Our Mission to Power Mutual Growth
Suryvansh Samriddhi Nidhi Limited was founded on the basic principles of trust, thrift, and mutual prosperity. Our corporate character is modeled on prestigious public sector banking structures, combining maximum security with community-first lending initiatives.
Unlike commercial credit agencies, a Nidhi company belongs entirely to its members. The funds deposited by our members are lent directly back to members at highly competitive rates, forming a self-sustaining cycle of economic growth and stability. We do not participate in speculative investments, meaning member capital is fully protected from volatile market crashes.
By operating under Section 406 of the Companies Act, 2013, our operations are legally secured and strictly monitored. We hold regular shareholder assemblies and maintain full financial disclosures to ensure trust and transparency.
"To cultivate a culture of saving and wealth preservation in local communities, allowing small deposit holders to experience institutional growth and secure yields."
— BOARD OF DIRECTORS, SSNL
Regulatory Framework
- Section 406 Compliant: Governed strictly by the Nidhi Rules, 2014, and subsequent amendments issued by the Ministry of Corporate Affairs (MCA).
- Member-Only Limit: Legally prohibited from borrowing or lending to anyone other than registered members, insulating the company from third-party bad debts.
- Capital Adequacy Ratio: Maintains Net Owned Funds (NOF) to Deposit ratio of 1:20 or higher as mandated by rules.
- Chartered Audits: Subject to strict monthly audits, statutory filings, and quarterly reviews submitted directly to the Registrar of Companies (RoC).
Our Vision
To be recognized as the most secure, transparent, and digitally efficient Nidhi company in Northern India, serving over 100,000 satisfied members by 2030 through sustainable growth.
Our Mission
To offer high-yield investment options and affordable loans that shield our members from usurious local moneylenders, deploying robust banking practices for absolute capital security.
Our Core Values
Integrity in every transaction, full compliance with sovereign laws, total member equality, and constant technological innovation to deliver Union-level ease of operation.
Frequently Asked Questions
Read about Nidhi Company operations, deposit security, and how to acquire membership.
A Nidhi Company is a type of company in the Indian non-banking financial sector (NBFC), registered under Section 406 of the Companies Act, 2013. It is regulated directly by the Ministry of Corporate Affairs (MCA), Government of India. The primary activity of a Nidhi company is to facilitate borrowing and lending money between its shareholders/members only, encouraging local savings habits.
Any Indian citizen above the age of 18 who submits valid identity proof (Aadhaar Card, PAN Card, passport, etc.) and buys at least 10 equity shares of Suryvansh Samriddhi Nidhi Limited (worth ₹100 total) can become a registered member. Minors can have accounts opened through their legal guardians, but do not hold voting shares.
Yes. Nidhi company deposits are highly secure because Nidhi companies are strictly prohibited by law from engaging in risky business operations like commercial lending, micro-finance, vehicle finance, or stock market trading. We only lend money against highly secure assets (gold, properties, or cash deposit certificates) which are held directly in our physical possession. This ensures a zero bad-debt portfolio and guarantees depositors' capital is secure.
Under the Nidhi Rules, 2014, the Ministry of Corporate Affairs permits Nidhi companies to offer up to 12.50% p.a. interest on Fixed and Recurring Deposits. Because Nidhi companies have very low administrative overheads, operate within closed member circles, and lend directly at sustainable rates, we are able to pass higher yields back to our members compared to public or private commercial banks.