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The main object of the company is to save people from the clutches of money lenders who charge high rate of interest especially in rural areas. We render all financial assistance to our members by receiving long and short term deposits and in particular fixed, recurring and other deposits. We develop the quality of using money and other resources carefully. As per section 406 of companies ACT 2013, Srimayi Nidhi Limited is registered with Ministry of Corporate Affairs,  having its registered office in Varanasi.

To carry on the business of all kind and description as may be prescribed to be carried by Nidhi Companies in terms of the provisions of the Companies Act 2013 and rules made there under the control and supervision of the Ministry of Corporate Affairs and the Reserve Bank of India

Its aim and function are to encourage afford all facilities for cultivating thrift, saving habits to make their Business Capitals for Income Resource and to render all Financial Assistance to its Members only to receive, accept or collects saving or money from its members of all categories as deposits. 

Srimayi Nidhi Limited rate of interest is among one the best rates offered in the industry in comparison to Nationalized/Co-operative Banks, Financial Institutions and other co-operative societies, making it the preferred choice of investment by members. Fixed deposits (FD), Recurring Deposits (R.D), Monthly Installment Scheme (MIS) , Term Deposit (T.D) under various scheme formulated from time to time by company and to provide interest or benefit on the deposits, as is fit for and beneficial to the company and to the members as per the rules & regulations or guidelines of Reserve Bank of India (RBI), Ministry of corporate affairs and regulatory authority on NBFC or NIDHI.. 

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