WELCOME TO FREEDOM LIFE INDIA NIDHI LTD.
FAQ:- Freedom Life India Nidhi Ltd.
• How does the Society utilize the funds/deposits obtained by it ?
The Society uses the funds in lending to the members and investments as per the societies act/rules/by-laws. Our lending is in the shape of small loans for business & Micro Finance.
• Are the deposits with the society safe & secured?
Yes, because Government of India has framed the laws/rules to ensure the security and safety of deposits and Freedom Life India Nidhi strictly abides by the rules and regulations framed by State Government. The State Co-Operative Societies Act,
• How the Freedom Life India Nidhi is different from other Financial Institutions?
Society is not a personal institution owned by an individual but is a fully democratic organization managed by Board Of Directors who are elected by the members of the society in the Annual General Meetings and the Board Of Directors also take decisions in a collective manner with total transparency. The department of Co-Operatives constantly reviews the functioning of the society at regular intervals.
Finance companies are usually owned by individuals and frame the so called policies according to the whims and fancies of the owners. The general members/ depositors/ Investors have no role to play. There are some possibilities for the absence of transparency. Members/ Investors have virtually no knowledge of the affairs/ legal provisions of N.B.F.Cs and the statutory liabilities of the N.B.F.C s are also limited.
Freedom Life India Nidhi is completely live to its legal liabilities and answerable to its members through its elected members of the Board Of Directors. Books of accounts of Freedom Life India Nidhi subject matter of Statutory Audit and the Audited Accounts are submitted to State government of Rajasthan for review and further action, annually. When you invest your money in Freedom Life India Nidhi Ltd. you are not only an investor you are a member of the society.
• Why the Freedom Life India Nidhi is paying ‘Higher Rate of Interest’ to its members/ Investors?
We believe in the principle of encouraging saving habits amongst our members. In the present context when tendency to save is on the decline and the consumerism is on the high. We want to ensure the financial and social well being of our members as a moral responsibility towards the Society. As a true nationalists we are convinced that higher the savings, higher the investment better the G.D.P.
• Who can invest with Freedom Life India Nidhi Ltd.?
All those investors/depositors who are keen to get better returns/interest on their deposits in short term, medium term and long term. So all of you are welcome.
Fixed Deposit Scheme
A fixed deposit (FD) is a financial instrument provided by Indian banks which provides investors with a higher rate of interest than a regular savings account..
Recurring Deposit Scheme
Recurring Deposits are a special kind of Term Deposits offered by banks in India which help people with regular incomes to deposit a fixed amount every month..
Daily Deposit Scheme
you can save daily a very small amount of money in our daily deposit scheme. This scheme is featured by a daily saving plan. In this scheme an investor can..