Who We Are?

SOUTH INDIA DEVELOPMENT DEPOSITS NIDHI LIMITED [SIDD] is registered under Pursuant to Sub-Section (2) of section 7 of the Companies Act, 2013 and rule of 8 of the companies (Incorporation Rules, 2014), SIDD is regulated by Ministry of Corporate Affairs (MCA) and its rules.
“Nidhi” in the Indian context means a “Treasure”, in the Indian financial sector it refers to any mutual benefit company notified by the Central / Union Government as a Nidhi Company which has a sole objective of cultivating the habit of thrift and savings amongst its members/account holders. Nidhi companies are allowed to take a deposit from its members and lend to its members only.

What We Offer?

South India Development Deposits Nidhi Limited is a class of NBFCs and RBI is empowered to issue directions in the matters relating to deposit acceptance activities.
However, in recognition of the fact that SIDD’s deal with their account holder and members only, RBI has exempted the notified SIDD from the core provisions of the RBI Act and other directions applicable to NBFCs. Therefore, SIDD is an ideal entity to take a deposit from and lend to a specific group of people.

Our Vision & Mission

A platform to make financial lives better, through the power of every connection. We believe all sustainable progress is driven by community with the imagination and determination to improve their future and the futures of those around them.

150+

Customers Empowered

₹ 50 Lakhs+

Borrowed
Customer Rating

Why Choose us

You’re not typical, and neither are we. Listen, we get it. We are Members just like you and we know the way you use your money is as unique as you are. Let’s do this together.

Multiple Deposit Options

Various versions have evolved over the years,sometimes by accident.

Competitive Rate

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Safe & Secure

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Our Success Stories

Our partners work with us because they believe in the value of our platform.

“I loved the customer service you guys provided me. That was very nice and patient with questions I had. I would really like definitely come back here”

J Kumar

Business Loan against Deposits

“I had a good experience with SIDD. I am thankful to SIDD for the help you guys gave me. My loan was easy and fast. thank you SIDD”

Arjun Singh

Education Loan against Property

We are here to help you

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Looking to buy a car or home loan? then apply for loan now.

Get Appointment

Call us at

800-123-456 / 789

lnfo@southindiadeposits.ga

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