The software typically includes features like member registration, account opening, deposit management, loan management, document management, and reporting. Nidhi software is also equipped with security features to protect sensitive data such as member details, financial data, and transaction details.
Key features of Nidhi Software:
NIDHI software helps manage daily transactional activities with customized process related to small business units looking for small loan without any heavy documentation process to beneficiaries. Nidhi software helps in managing various operations such as member management, deposit management, loan management, accounting, and reporting. It automates the entire process and makes it easier for the company to handle large volumes of transactions.
Member Management:
Nidhi software helps in managing the data of authorized member. With help of these customized software admin can manage member’s personal information and transaction details.
Loan Management:
NIDHI companies offer easy loan process for small business units & individuals who are member in NIDHI. The software assists in managing the loan application process, disbursement, repayments, and interest calculations.
Savings and Deposits Management:
Its allow to facilitates the management of member savings accounts and fixed deposit accounts, including interest calculations and maturity tracking.
Interest Calculation:
Nidhi software automates the calculation of interest on savings accounts, fixed deposits, and loans based on the company's policies and regulations.