"Websoftex Nidhi Company Banking Software in Bangalore
Web Based Online
& Beyond Your Understanding"

Your Favorite Source of Nidhi Company Banking Software in Bangalore

A nidhi company, is one that belongs to the non-banking Indian Finance sector and is recognized under section 620A of the Companies Act, 2013. Their core business is borrowing and lending money only between their members. They are also known as Permanent Fund, Benefit Funds, Mutual Benefit Funds and Mutual Benefit Company. It is regulated by Ministry of Corporate Affairs. Reserve Bank of India is empowered to issue directions to them in matters relating to their deposit acceptance activities. However, in recognition of the fact that these Nidhis deal with their shareholder-members only.

Web & Mobile Based

User Friendly

Robust & secure

Cost Effective

Overview

Company -> Head Office-> Branch-> CSP-> Customer,All Module Included.

All Activities ( SB,DD,RD, FD, MIS, Loan) Management included as per Nidhi Rules.

All Report Available for Audit . CA can generate report accord to him for Audit.

Proper Accounting as per Nidhi Rules.

All interest calculation according to Accounting standards and financial years wise. There is no any problems in Audit.

Online Customer panel like Net banking with Mobile Apps.

CSP (customer service points) Management Module Included.

CRM ( Customer-relationship management ) Module Included.

HR (Human Resource Management) Module Included.

Multi Language SMS Sending like ( English, Hindi, Tamil, Telugu)

All Loan document can be print in multi language like (English, Hindi, Tamil, Telugu).

Same Software you can use when you became as NBFC means no need to change software.

All Services Charges ( like SMS , Minimum Balance, penalty , etc...) Management with GST Compliances.

All loan Management with Overdue, Penalty, Collection charge, Legal charge, ETC....

NACH Mandate Management , PDC Management, NEFT - RTGS - IMPS Management Module Included.

SB Account Balance inquiry from Missed Call System

SB,RD,Loan Account Balance inquiry With IVR System

SB,RD,Loan Account Balance inquiry With SMS (Long Code)

Mobile app for agent and customer

Welcome to Websoftex Nidhi Company Software the finest and customized software tool for managing your Nidhi Company of any type.

Websoftex Nidhi Company Software is a powerful Online web based and windows based GUI based application integrated with core banking system designed to take care of all aspects of your societies business with utmost care.

The highlight of this software is in its comprehensiveness and the simplicity with which it handles complex tasks with ease.

Websoftex Nidhi Company Software Feature Highlight

Multi-user Online web based with Multi Branch core Banking application

Extremely Functional and user friendly with user drivers operation

Attractive and well said reports format

Report export facility to various useful formats such as Ms Word. Ms excels. Customized and user defined reports

Ace reports can be viewed on the screen and can be printed on printer

Membership Management, Operational Accounts, Term Deposits

Loans and Advances, Standing Instructions, Cash Transaction

Day book and Trial Balance, General Ledger & Financial Statements

M.I.S, Initialization and configuration

System Administration, Enrollment Fee Report

Application Fee Report, Late Fee Report

State of the art technology has been used.

Modular design with proper integration to ensure trouble-free operations without undue complications.

Optimum security of operations which is very essential for financial transactions.

Comprehensiveness in coverage - a feature absolutely necessary to meet all requirements.

User-friendliness which ensures hassle free usage.

High flexibility with expandability and upgradability. The software can be used by all societies and can be easily upgraded/expanded to cover more activities whenever required.

Control over operations with in-built checks and balances, authorization procedures, etc.

Elimination of scope for tampering of data.

The system is designed to work for network environment to access the information & update the data by different users simultaneously.

The software is capable of handling huge volumes of transactions without any difficulty.

Packed Full of Powerful Features

Membership Management

Term Deposits

Loans and Advances

Standing Instructions

Cash Transaction

Day book and Trial Balance

General Ledger & Financial Statements

M.I.S

System Administration

Initialization and configuration

Membership Management:VIEW SCREENSHOT

Enables customer to enroll as Member, Non-Member, Associate Member and Nominal Member and it consists of Enrollment, member assets and liability details:

Member management

Nidhi company is created for cultivating the habit of savings among its members. This software is capable to managing all kind of Member management activity.

Share management

Nidhi software is capable to managing all kind of Share management activity in nidhi company.

Member Profiles Queries (Share, Deposits and Loans of the member).

Photos & signatures of members are stores in data base are Accessible when ever required.

Closing of Membership.

Member Address lists.

Reports.

Deposit Accounts:

NIDHI is the India's Best Nidhi Software for managing all kind of Deposit Account activity Like

Saving Account

A savings account is an interest-bearing deposit account held at a bank or another financial institution that provides a modest interest rate

Over Draft

An extension of credit from a lending institution when an account reaches zero. An overdraft allows the individual to continue withdrawing money even if the account has no funds.

Cash Credit Account

Cash credit is a type of short term loan provided to companies to fulfill their working capital requirement. Overdraft is a facility given by the bank to companies, to withdraw money "more" than the balance available in their respective accounts.

Term Deposits:

Consists of FD, RD, RICC, Cash Certificate, Pigmy and Thrifts deposits:

Pigmy Deposit

Pigmy Deposit Scheme is a monetary deposit scheme .Money can be deposited into an account on daily basis. The amount may be as small as Rupees five. It can be called a recurring deposit scheme, as the money is deposited almost daily. The unique characteristic of this scheme is that a bank agent collects the money daily, from the account holder's doorstep.

Recurring Deposit

Recurring Deposit is a special kind of Term Deposit offered by banks in India which help people with regular incomes to deposit a fixed amount every month into their Recurring Deposit account and earn interest at the rate applicable to Fixed Deposits

fixed deposit Account

A fixed deposit (FD) is a financial instrument provided by banks which provides investors with a higher rate of interest than a regular savings account, until the given maturity date. It may or may not require the creation of a separate account.

Monthly Income Scheme (MIS)

Monthly Income Scheme (MIS) is an investment scheme of financial institution service. It promises the investor guaranteed returns per annum in the form of fixed monthly income.

Account opening.

Deposit Receipt printing.

Interest calculation and posting.

Closing before maturity (Pre Closure).

Closing on maturity.

Transfer of Term Deposit Interest to SB, RD.

Deposits Renewals.

Reports.

Deposit Maturity Report.

Interest Provisions.

Loans and Advances:

Consists of Surety Loan (Unsecured), Crop Loan, Vehicle Loan, Gold Loan, Loan against Deposit (like, FD, RICC / CC) Loan Ledgers & various types of reports:

Business Loan

A business loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest.

Personal Loan

Personal Loan are advanced on the basis of the borrower's credit-history and ability to repay the loan from personal income. Repayment is usually through fixed amount installments over a fixed term. Also called consumer loan.

Secured Loan(Girvi / Mortgage loan)

A secured loan, is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan.

Gold Loan

A gold loan is a loan which is secured against gold ornaments. A borrower pledges their gold ornaments with the lender in exchange for funds. Therefore, it is a loan which is granted against a certain physical security of gold.

Vehicle Loan

Vehicle Loan or an auto loan is basically a loan that you take out in order to purchase a vehicle. With an auto loan, you are not paying on the depreciation of the vehicle like you do with a lease. You are paying on the vehicle purchase price plus interest.