Know Your Bank

Registered address: C5# P-233, Sector-12, Pratap Vihar, Vijay Nagar, Ghaziabad, Uttar Pradesh 201009.

It’s described as a “nidhi company” or “nidhi” type financial entity (i.e., a company which accepts deposits from and lends to its members under the Nidhi Rules) in some sources.

Authorised share capital: ₹10,00,000

Paid-up capital: ₹5,00,000

They appear to offer some “sub banking” services (the listing shows “Sub-Banking” at the location) in Ghaziabad (Pratap Vihar) – possibly a branch or service outlet.
There is a listing that allows loan EMI payments for Metro Samruddhi Nidhi via a payments portal.

⚠️ What to check / verify (risks & gaps)

While it is registered, I could not clearly find that it is regulated in the same way as a bank or fully licensed NBFC (Non-Banking Financial Company). Nidhi companies are regulated under the Companies Act + Nidhi Rules, but they are different from banks.

The size of the company is very small (paid-up capital only ₹5 lakh) which may suggest limited scale.

Publicly available financial performance is thin; for example, revenue / detailed audited reports are not obviously accessible in the sources I saw.

The term “Sub-Banking” is used in listings, but “sub-banking” is not a regulated banking category per se in India (banking must be via entities with appropriate banking licence). So “sub-banking” may mean agent/branch operations, but one must check exactly what services they provide and under what regulatory framework.

When dealing with deposit / savings / loans with a Nidhi company, you should check:

1. That the company is registered as a Nidhi company under the Companies Act / Nidhi Rules.
2. That it is complying with minimum net owned funds, capitalisation, periodic filings, and disclosure obligations.
3. The nature of deposit: Is the deposit guaranteed? (Unlike banks, the deposits with Nidhi companies may not have deposit insurance by Deposit Insurance and Credit Guarantee Corporation (DICGC) unless the company is specifically eligible).
4. The terms of lending and deposits: interest rates, transparency, fees.
5. The membership criteria (Nidhi companies typically lend only to members).

Location listing shows “financial services / investment & loans” etc. But being listed doesn’t guarantee full regulatory compliance or guarantee of deposit safety.

My interpretation & recommendation

Metro Samruddhi Nidhi Limited appears to be a small, relatively newly-incorporated financial services / Nidhi company based in Ghaziabad. If you are engaging with them (for example to deposit money or borrow), treat this similarly to a non-bank finance entity: there may be higher risk than dealing with a large regulated bank.

Before you proceed, I would advise:

• Ask them to provide their registration as a Nidhi company and confirm that they are allowed to accept deposits under Nidhi Rules.
• Ask for recent audited financial statements, especially showing their net owned funds, liabilities, asset quality.
• Understand clearly what “sub-banking” means in their case — what services they provide (Are they just a branch/agent of some bank? Or do they conduct deposit/loan operations themselves?).
• Verify membership criteria and what protections you have as a depositor/member.