About Us IJF India
IJF INDIA NIDHI LTD is NBFCs but it have been exempted from the requirement of registration under section 45-IA of the RBI Act, 1934 subject to certain condition. Nidhi companies are regulated by Ministry of Corporate Affairs, Government of India companies that do financial business but regulated by other regulators are given specific exemption by the Reserve Bank from its regulatory requirements for avoiding duality of regulation.
It may also be Mentioned that Mortgage Guarantee companies have been Loan notified as Non-Banking financial companies under section 45 1(f) (iii) of the RBI Act, 1934, core investment companies with asset size of less than Rs.100 crore and those with asset size of Rs.100 crore and above but not accessing Public funds are exempted from regulatory with the RBI.
IJF INDIA NIDHI LTD has the rules and objectives of that are the same as a bank, but is only in effect to someone (a members group) who has agreed or joined this agreement, as a bank, but to do business for the Its Member only. So if the term is a quasi-bank, the rules and objectives of that are the same like the commercial bank, but this thing are only in effect to someone who has agree/join on this agreement as a member, performing through Banking system which comes under the Nidhi, DCA, NBFC they are taking guidelines by RBI.
IJF INDIA NIDHI LTD is introducing a lot of innovative ideas day by day to make our nation financially strong and that is the reason we are one of the fastest growing NIDHI company cum Bank in the industry. The way we provide service to our members is far better than others and we are trying to make it much better as our aim is to provide extreme level service to people as well as to our nation and we are Providing a world class financial support.
IJF INDIA NIDHI LIMITED is creating “Symbol Of Trust”