About Us

Bhairavnath Patsanstha is a trusted quasi-banking organization which was promoted and established by the core banking professionals with 25+ years of banking experience across all verticals. It's registered under section 406 of the companies act, 2013(section 620A of the companies act, 1956) with RBI nidhi rules, by Ministry of Corporate Affairs (MCA), Govt.Of India, New Delhi.

SAPTHA NIDHI LIMITED was established at Bhimavaram on 08-10-2019 with three Board of Directors, seven shareholders, Advisory Panel Board, Professional Chartered accounted, Company Secretary and Legal Advisers. Our company slogan is THINK FOR COMMONS. Our main objective is to help ordinary and small businessmen, financially develop their business and become partners in their business development and to meet the financial needs of members through women's group loans, loans on gold jewelery and mortgage loans. It is the only company that offers banking services at members door step, offering attractive interest rates to investors, offering a variety of savings plans for their future needs and standing up for their financial needs. Starting as a branch and expanding in to four branches mso) over a period of 4 years with a turnover of over Rs 20 crore. Our Bank providing Core Banking (CBS) services to its customers. In future, our main objective is to set up branches across Andhra Pradesh, directly and indirectly provide employment to the unemployed youth.

To enable, encourage members to save money, by cultivating the habit of thrift and provide facilities for this purpose. To receive,accept or collect savings or deposit money from its members of all categoriesas deposit i.e. saving deposit account, fixed deposit (F.D), recurring deposit (R.D), monthly income scheme (MIS) under various savings schemes and not being current accounts from the members will be formulated from time to time by the company, will provide as such interest or benefit on the deposits whatever is fit for and beneficial to the company and to the members as per the rules & regulation or guideline of Reserve Bank of India (RBI), ministry of corporate affairs and regulatory authority on NBFC or NIDHI or mutual benefit companies.