Company Schemes

Overview of Our Company's Chit Fund Schemes

1. The chit fund amount can be paid daily, weekly, or monthly.

2. The chit subscription fee is Rs.100 per lakh, with an administrative commission of only 4%, and a maximum discount of 35%.

3. Customers must be between 21 and 60 years old, while nominees must be between 21 and 58 years old and must be blood relatives. Guarantors must be between 21 and 58 years old and need not be blood relatives.

4. The installment must be paid every month by the due date.

5. Customers who do not pay the installment amount within 30 days of the due date must pay the total amount, including any discounts (kassar).

6. Chit amount will be provided within 25 working days from the installment due date only to customers who pay each month's installment by the specified due date. Delayed payment or remaining installment amount will result in delays in receiving the chit amount.

7. If a customer who has not taken a chit fails to continue paying the installment due to any reason, the remaining amount after deducting the 4% administrative commission will be given within 30 days from the date a new customer joins in place of the original customer.

8. The chit amount will only be provided after obtaining and verifying all required security documents from the customer, nominee, and guarantors by the company's audit team. If there are deficiencies or insufficient documents, the chit amount will not be provided.

9. The management is not responsible for any payments made without receiving a receipt.

11. The company reserves the full right to implement any future changes to the rules and procedures from the date of such changes

10. The customer, their nominee, and guarantors must cooperate with the audit team's field verification.