What is the difference between Nidhi Company and Chit fund Company?

What is the difference between Nidhi Company and Chit fund Company?

Chit Fund Company is also known as the committee where fixed instalment is paid by the members over a definite period of time.

Nidhi Company is an NBFC which can take a deposit and lend money to its members. Hence, Nidhi Company is very different from the Chit Fund Companies.


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