Deposit application transparency: mandatory disclosures and depositor verification required, with remedies for non-payment and consumer redressal. Rule 12 requires that every deposit application to a Nidhi contain prescribed corporate and financial particulars, terms of the deposit including maturity, repayment mode and interest rates, and audited financial summaries. The form must include statements on remedies for non-payment, a Board declaration of accuracy and compliance, a government disclaimer on guarantees and insurance of deposits, and a depositor verification clause. Nidhis must obtain introductions to new depositors and retain documentary proof of identity and address from an approved list for verification.