Kumaonfund Nidhi Limited

Kumaonfund Nidhi Limited is a company belonging to the non-banking financial sector of India and is recognized under section 406(1) of the Companies Act 2013.


 The core business is loans and loans between their members. Also known as Permanent Fund, Benefit Fund, Mutual benefit Funds, and Mutual Benefit Company. They are regulated by the Ministry of Corporate Affairs Department. The Reserve Bank of India is authorized to provide guidance on matters related to deposit-taking activities. But given the fact that these companies only deal with shareholders. Nidhi means a company established for the purpose of cultivating the habit of saving and using reserves of members and providing deposits and loans to members solely for mutual benefit. The Nidhi company existed even before the 2013 Companies Act was adopted. The basic concept of Nidhi is the “Principle of Mutuality”.


We are governed by the Nidhi Rules. Since they were established as public limited companies, they must comply with two rules. One is a public limited company under the Companies Act 2013 and the other is under the Nidhi Rules of 2014. Registration does not require RBI approval. The RBI company specifically excluded this NBFC category from India to comply with key provisions such as RBI registration.

Our Services

Internet Banking

SMS Banking

Fund Transfer



Loan Against DD


Mortage Loan


Loan Against Deposits

Secured Auto Loans