Sanveda is a mutual benefit Company carrying on the business of a non-banking financial institution. Mutual Benefit Companies Are Incorporated Under Indian Companies Act, 2013.and guidlines of Rserve Bank Of India (RBI) Department of Companies Affairs (DCA) and Regulatory Autority on NBFC and NIDHI. The government has set up law for the Security of the deposit in SANVEDA to which the cradle is legally necessary.