New Zealand's #1
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Our Latest Chit Fund Schemes
Scheme 1
Scheme 2
Scheme 3
Our Latest Chit Fund Schemes
Scheme 1
Scheme 2
Scheme 3
Nidhi's 10 Years of Happy Customers
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Reliable Reserves, Joyful Celebrations
Welcome to
Nidhi Chit Bonds
Nidhi Chit Bonds offers innovative chit-bond schemes that balance disciplined savings with dependable credit, ensuring you have the resources for any opportunity or challenge. By joining our financial club, you engage in a community focused on collective growth, transparency, and financial empowerment. Our structured savings approach promotes regular contributions, fostering wealth creation. As part of our network, you benefit from trust, equality, and cooperation. We support your financial aspirations, helping you save for significant expenses and achieve your dreams. With Nidhi Chit Bonds, you are more than a customer; you are part of a community dedicated to your financial success
Nidhi Chit Bonds
Thank you Nidhi Delivering smiles & Touching lives!
Nidhi Chit Bonds
Thank you Nidhi Delivering smiles & Touching lives!
Reliable Reserves, Joyful Celebrations
Hi, I am Roy and I rarely managed to save. For me, Nidhi is a game changer
Sign up with Nidhi to
SAVE, INVEST & GROW
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We're Here to Help You
Who Does It Help?
A Chit is the Only Financial Product that allows you to Save and Borrow.
CHIT provides a good source of finance for different type of people viz., small investors,
businessmen, small scale industrialists etc.
Nidhi chit bonds
How We Works
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Chit value
There is a new chit group that is commencing. The value of the chit is 10,000 NZD. This amount is known as the Chit Value.
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Chit period
For the purpose of this illustration, we will consider the duration of the chit to be 14 months. This is known as term period for the chit group.
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Subscribers
The Foreman or Chit Fund Company has to gather 14 people who are interested in investing in this chit group. These 14 persons are called Subscribers.
Frequently Asked Questions
How safe is my money with Nidhi Chit Bonds?
Safety of one’s money in the hands of another person depends on the honesty and integrity of the person managing your funds. Nidhi Chit Bonds working history of over 10 years reveals that they have not defaulted in repayment of any person’s money. In stray cases of delayed payments, interest for delay has been paid in all cases.
Why should I join Nidhi Chit Bonds?
Nidhi Chit Bonds is a professionally managed company in the service of its subscribers for over a decade. It has been in this business since 2014. By choosing us, you're not just selecting a service – you're partnering with a company that's as Kiwi as you are. Experience the difference with Nidhi Chit Bonds, your local financial ally.
Company name:
Mann NZ 2019 LTD
Trading Name: Nidhi Chit Bonds
NZBN: 9429047651418
How is a chit fund a better saving option?
By joining a chit fund, a person is forced to save a small part of his income, to meet his planned/unplanned investments or expenditure. In case of contingency, borrowing from the chit fund is much easier, simpler, faster and cheaper. In case a person wants to save till the last, the return a subscriber gets by way of chit dividends is much higher.
What are the benefits?
• Persons who want to save money and receive the prized/bid amount in the second half of the chit period, earn very much higher return (12-18% per year) than their periodic savings kept with a bank.
• Those in need of money are able to raise money by receiving the prized/bid amount when they are in need of money. The interest or chit loss in such cases is very much less than the market rates.
• All persons joining a chit group are bound to save a small amount of their income to finance their dream projects such as – buying a plot or building a house or meeting holiday trip expenses or buying domestic articles, or discharging an existing liability etc.
• Each person who pays his/her periodic installments up to date is entitled to receive the prized amount at a period of his choice, after participating in a lottery/auction.
Can I withdraw from a chit group after becoming a member?
When a subscriber withdraws, the foreman has to find an alternate subscriber in his place. Until then the chit fund company has to arrange funds on behalf of such a defaulting subscriber, for payment to a prized subscriber each month. Hence withdrawal is permitted, but the actual amount paid by the subscriber in the chit minus company commission will be repaid to such a defaulting subscriber at the end of the chit period.
How soon can I expect payment once I bid for the chit?
Payment can be expected after completion of documentation.
What are the modes of payment?
Online bank transfers is an accepted mode of payment.
How many chits can I take in a chit group?
A subscriber can participate in not more than three chits in the same chit group.
What is the duration of these chits?
The duration of chits are normally 14 months
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