Frequently Asked Questions

A Nidhi Company is a mutual benefit financial entity recognized under Section 406 of the Companies Act, 2013. BSL Nidhi Limited is established to cultivate the habits of thrift and savings among its members and accepts deposits and lends money exclusively to its registered shareholders/members.

BSL Nidhi Limited is incorporated under Section 406 of the Companies Act, 2013 and functions in strict compliance with the statutory provisions of the Nidhi Rules, 2014. Official certificates of incorporation and tax registrations can be verified on our Legal page.

No. Under the statutory provisions of Section 406 of the Companies Act, 2013 and Nidhi Rules, 2014, Nidhi companies are strictly prohibited from dealing with the general public. All deposit schemes and loan facilities are available exclusively to registered members/shareholders.

Interest on Fixed Deposits (FD) and Recurring Deposits (RD) at BSL Nidhi Limited is compounded on a quarterly basis, maximizing the effective maturity yield compared to simple interest schemes. For Monthly Income Schemes (MIS), interest is credited on a monthly basis directly into your savings account.

Yes. Nomination facility is available and highly recommended for all deposit accounts (FD, RD, MIS, DDS, and Savings Accounts). A member can nominate one or more individuals to receive maturity proceeds in the unforeseen event of the account holder's demise.

Yes! Senior citizens aged 60 years and above are eligible for an additional 0.50% interest per annum on qualifying deposit tenures upon providing valid age proof during KYC.

Gold Loans at BSL Nidhi Limited are processed and disbursed within 30 minutes at our branch. Gold ornaments are evaluated transparently in your presence, and credit is disbursed immediately upon KYC verification.

Pledged gold jewelry is packaged, sealed in tamper-evident packets in the member's presence, and stored inside high-security, bank-grade strongrooms and safe vaults equipped with round-the-clock physical surveillance and full insurance protection.

Yes. Members can borrow up to 90% of their deposit principal without breaking their investment. The interest rate charged is just 2.00% above the underlying deposit rate, and your original deposit continues to earn full compounding interest until maturity.

To enroll as a member and open a deposit or loan account, you need: (1) Self-attested copy of PAN Card, (2) Proof of Identity (Aadhaar Card, Voter ID, or Passport), (3) Proof of Address (Aadhaar or recent utility bill), and (4) Two recent passport-size color photographs.