Terms and Conditions
Welcome to Suraksha Bharat Nidhi Limited. By becoming a member or engaging with our services, you agree to abide by the following terms and conditions. Please read them carefully before proceeding. These terms govern your relationship with us and ensure transparency, trust, and mutual understanding.
1. Legal Recognition
Suraksha Bharat Nidhi Limited is a company registered under the Companies Act, 2013 as a Nidhi Company and is regulated by the Ministry of Corporate Affairs (MCA), Government of India. We strictly follow the Nidhi Rules, 2014 and other applicable laws. Our business model is based solely on member-to-member financial services and does not include any multilevel marketing or direct selling activities.
2. Membership
Membership is open to Indian citizens aged 18 and above. To become a member, individuals must fill out the prescribed membership application form and submit KYC documents such as Aadhaar Card, PAN Card, and proof of address. Membership is subject to approval by the company's management and may be declined without the obligation to provide a reason.
3. Member Rights & Responsibilities
Members of Suraksha Bharat Nidhi Limited are entitled to use the financial services provided by the company, including savings accounts, fixed deposits, recurring deposits, and loan facilities (if eligible). Members must follow all company rules and act in good faith when participating in any scheme. Misuse of services or fraudulent activity will lead to membership cancellation and possible legal action.
4. Financial Services
We offer a range of financial services including deposit schemes and internal loan facilities, strictly to our registered members. All financial activities are managed transparently and follow government regulations. Interest rates, maturity periods, and other scheme details are clearly defined in respective documents and are subject to change as per company policy or market conditions.
5. Security of Transactions
All financial transactions are recorded and monitored using secure systems. Members are advised to retain receipts and transaction proof for future reference. The company is not responsible for any losses due to misinformation or misuse of personal credentials by the member.
6. Returns and Risks
Returns on deposits and investments are calculated based on predetermined terms and are subject to change. While we strive to provide consistent returns, we do not guarantee profits or future performance. All financial decisions should be made with due diligence and understanding of associated risks.
7. Privacy and Confidentiality
We are committed to protecting the personal data of our members. Your personal information is stored securely and will not be shared with third parties without consent, except when required by law or regulatory authorities. For more details, please refer to our Privacy Policy.
8. Code of Conduct
All members and employees are expected to maintain professional and respectful behavior. Any form of harassment, misinformation, or fraudulent activity is strictly prohibited and may result in termination of membership, forfeiture of benefits, and legal action.
9. Modification of Terms
Suraksha Bharat Nidhi Limited reserves the right to update, modify, or amend these Terms and Conditions at any time without prior notice. It is the responsibility of the member to review the latest version available on our website or at our office.
10. Termination of Membership
The company reserves the right to terminate a member's account if the individual is found to be in violation of the company’s policies, engages in misconduct, provides false information, or misuses company services. Deposits, if any, will be refunded as per the terms of the deposit agreement after applicable deductions.
11. Limitation of Liability
Suraksha Bharat Nidhi Limited shall not be liable for any indirect, incidental, or consequential losses or damages arising from the use of our services, unless proven to be caused by negligence or breach of contractual duty by the company.
12. Dispute Resolution and Jurisdiction
In the event of any dispute, members are encouraged to resolve the matter amicably through discussion with the company. If unresolved, the matter shall be referred to arbitration or the appropriate civil court under the jurisdiction of the company’s registered office.
13. Contact Information
If you have any questions, concerns, or feedback regarding these Terms and Conditions, please contact us:
- Email: contact@sbnidhi.com
- Official Website: www.sbnidhi.com (replace with actual URL if different)