Deposit Management Software: Managing Fixed and Recurring Deposits for Financial Institutions
Guide to deposit management software for Indian NBFCs and Nidhi companies. Covers FD, RD, saving deposits, TDS automation, premature closure, renewal, and RBI compliance.
Deposit Management Software: Complete Guide for NBFCs and Nidhi Companies
For deposit-accepting NBFCs and all Nidhi companies, deposit management is a business-critical function. Every depositor is a liability — a legal obligation that must be honored at maturity with correct interest. Poor deposit management leads to wrong interest payments, TDS violations, and regulatory penalties.
Types of Deposits Managed by Software
Fixed Deposits (FDs)
Recurring Deposits (RDs)
Savings Deposits (Nidhi Companies only)
Daily Collection (Nidhi Companies)
Critical Features of Deposit Management Software
Scheme Definition
Deposit Origination
Interest Management
TDS Management
Maturity Management
Premature Closure
Deposit Management in NBFC Dimensions and Nidhi Dimensions
Both NBFC Dimensions and Nidhi Dimensions include comprehensive deposit management modules — handling every type of deposit product with full TDS automation, regulatory reporting, and depositor communication.
Frequently Asked Questions
What is deposit management software?
Deposit management software is a module within NBFC or Nidhi ERP that manages fixed deposits, recurring deposits, and savings accounts — including interest calculation, TDS, maturity tracking, and compliance reports.
How does TDS calculation work in deposit software?
TDS is automatically calculated on interest payments above ₹5,000 per year (for NBFCs) or ₹40,000 (for banks). Form 15G/15H submissions are tracked, and TDS certificates are generated automatically.
What is a premature closure of a deposit?
Premature closure means the depositor withdraws before the maturity date. Software calculates the applicable interest at reduced rates (as per scheme) and processes the closure with penalty if applicable.
Related Product
NBFC Dimensions is a comprehensive web-based ERP solution designed exclusively for Non-Banking Financial Companies. From gold loan origination and deposit management to debentures, vehicle loans, housing loans, traders loans, chitty management, share management, investments, legal proceedings, and full financial accounting — every NBFC workflow is covered.
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Part of the Dimensions technology team building enterprise-grade software for Indian financial institutions, NBFCs, Nidhi companies, and enterprises since 2000.