How Do You Spell NIDHI?

Pronunciation: [nˈɪdha͡ɪ] (IPA)

The word "nidhi" is spelled with five letters - n, i, d, h, and i. The pronunciation of this word is [ˈnɪd̪i] in IPA phonetic transcription. The letter "n" is pronounced as [n], "i" as [ɪ], "d" as [d̪], "h" as [h], and the final "i" is also pronounced as [ɪ]. In Sanskrit, "nidhi" means treasure or wealth, and it is also used in some modern Indian languages. The correct spelling of this word is important for clear communication and understanding.

NIDHI Meaning and Definition

1. Nidhi is a term that is derived from the ancient Sanskrit language and is commonly used in India. In its literal sense, nidhi translates to "treasure" or "wealth." However, when referred to in the context of a financial institution, nidhi holds a more specific meaning.

   A nidhi is a type of non-banking financial company (NBFC) that operates in India. It is primarily involved in the business of borrowing and lending money to its members. Nidhi companies are established as mutual benefit societies, where members contribute funds to the company, and in return, they receive financial assistance as per the company's policies.

   One essential characteristic of a nidhi company is that it operates on the principle of 'mutuality.' This means that the funds collected from members are purely used for the benefit of those members and are not provided to external parties. The purpose of nidhi companies is to promote thrift and savings among its members and provide accessible credit facilities to support their financial needs.

   Nidhi companies are regulated by the Ministry of Corporate Affairs in India and have certain regulatory obligations to follow, such as maintaining a minimum number of members, adhering to specific capital requirements, and submitting regular financial reports.

   In summary, a nidhi refers to a type of financial institution in India that functions as a mutual benefit society by collecting funds from its members and providing them with financial support through lending, while strictly following principles of mutuality.

Common Misspellings for NIDHI

• niddy
• nidhe
• nedhi
• nihdi
• bidhi
• midhi
• jidhi
• njdhi
• nkdhi
• nodhi
• n9dhi
• n8dhi
• nidgi
• nidbi
• nidni
• nidui
• nidhk
• nidh9
• nidh8
• bnidhi

Etymology of NIDHI

The word "nidhi" is of Sanskrit origin, where it means "treasure" or "wealth". In ancient Hindu texts, "nidhi" referred to hidden treasures, riches, and valuables. It is derived from the Sanskrit root "nidh", which means "to put or place". In some contexts, "nidhi" can also be interpreted as a personification of wealth or the goddess of treasure. Today, the term "nidhi" is commonly used in various Indian languages to refer to financial institutions that operate as non-banking finance companies, similar to credit unions.