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City Benefit Fund Nidhi Limited
About Nidhi A Nidhi company is a type of company in the Indian non-banking finance sector, recognized under section 406 of the Companies Act, 2013. Their core business is borrowing and lending money between their members. They are also known as Permanent Fund, Benefit Funds, Mutual Benefit Funds and Mutual Benefit Company.
City Benefit Fund (Kumbakonam) Nidhi Limited [Formerly known as City Benefit Fund (Kumbakonam) Limited] was incorporated in the year 1994 under the guidance/ blessings/ vision of Late Mr.M.Parthasarthy, Mr.S.Kothandaraman and Late Mr.A.Sundararajulu with the main objective to encourage and inculcate the habit of savings amongst its members. We always believe in growing our valuable funds by carefully lending it to our members at an affordable rate thus ensuring security of the funds.