Nidhi have many features which make them stand distinctly apart from many other Non-Banking financial institutions who are working under the guide line of R.B.I. Nidhi Companies Registration To start a Nidhi Company in India the first step is to incorporate a Limited Company, under the Companies Act, 2014. Hence, During incorporation of the Nidhi company, care must be taken to ensure that the object of the Limited Company mentioned in the Memorandum of Association is that of cultivating the habit of thrift and savings amongst its members, receiving deposits from, and lending to, its members only, for their mutual benefit. Depositors can choose from a wide range of deposit products with maturities ranging from 12 to 60 months at competitive rates of interest and with different features to suit the investment needs of individual Members.