Our Core Value:
Not Receiving Any Fixed Deposits.
Flexible Instalments:
- Start your chit fund journey with instalments ranging from ₹1,00,000 to ₹10,00,000.
- Choose from 20-month, 25-month, and 30-month instalment options for added flexibility.
Monthly Batches & Auctions:
- Engage in our dynamic chit fund community with new batches every month.
- Exciting auctions accompany each chit, adding an element of anticipation and reward.
Transparent Bail Conditions:
- Enjoy a seamless and transparent bail process, ensuring hassle-free transactions.
- Experience peace of mind with straightforward conditions for your financial security.
Convenient Online Payments:
- Embrace the ease of online transactions with our user-friendly payment portal.
- Pay your daily, weekly, and monthly collections conveniently from the comfort of your home.
Interest Rates Challenge:
- Challenge traditional financial norms with high-interest rates, all without requiring deposits.
- Experience a financial approach that prioritizes your earnings and growth.
Customized Instalments:
- Tailored instalment plans for different income groups, ensuring affordability and inclusivity.
- Personalize your chit fund experience to align with your unique financial capabilities.
Referral Network:
- Join our community through personal contacts, friends, and close relatives.
- Benefit from a robust referral network that enhances your chit fund experience.
Legal Compliance:
- Rest assured knowing that all our operations adhere to the highest standards of legal compliance.
- Upholding rules and regulations, we prioritize your financial security and peace of mind.
Secure Deposits:
- For chits of ₹10,000 over 20 months, customer deposits are securely held with the sub-registrar.
- Your financial investments are safeguarded, providing you with confidence and trust in our services.
Our Services
Embark on a hassle-free chit-fund journey for a rewarding experience with us.
Customer Deposit Process:
Deposit Return:
Bidding and Kuri:
Legal Obligations:
Deductions from Second Instalment Onwards:
Customer Deposit Process:
- Initiate the process by collecting ₹5,000 for ₹100,000 in the first month:
- Begin the scheme by gathering ₹5,000 for ₹100,000 in the first month from each of the customers involved.
- This step serves as the initial financial contribution from participants.
- Deposit the Collected Amount with the Sub-registrar for Safekeeping:
- Transfer the total collected sum to the sub-registrar for secure storage.
- This measure ensures that the funds are held in a safe and official capacity.
- Safeguard the Original Documents at the Sub-registrar's Office:
- Store the original documents related to the scheme securely at the sub-registrar's office.
- This step aims to enhance security and transparency by keeping important paperwork in an official and monitored location.
Deposit Return:
- Expiry of the Scheme: Refers to the end or termination of a particular program or initiative.
- Completion of Batch Liability Audit: Implies the conclusion of a review process, specifically examining the financial obligations or liabilities associated with a group or batch of transactions.
- Facilitate the Return of Deposit Amount: Involves assisting and making arrangements for the repayment of the money initially deposited by customers as part of the scheme.
- Return to Customers:The process of giving back the deposited amount to the customers once the scheme has ended and the necessary audits have been completed.
Bidding and Kuri:
- Multiple Bids Handling: The advanced Kuri system effectively manages situations where multiple bids are submitted for the same amount, ensuring a streamlined process for determining the winning recipient.
- Efficient Winner Selection: The Kuri system employs an efficient mechanism to select the winning bid in cases of tie or multiple bids for the same amount, ensuring a fair and impartial outcome.
- Prompt Payment Processing: Once the winning recipient is determined, the system processes the payment promptly. This swift action ensures that the bid winner receives their funds in a timely manner, contributing to a fair and efficient distribution process.
Legal Obligations:
- Adherence to Government Regulations: Ensure compliance with government regulations by disbursing 70% of the collected amount to the customers participating in the chit fund.
- Principal's Commission Allocation: Allocate 5% of the collected amount as a commission for the principal, acknowledging their essential role in facilitating the chit fund process.
- Dividend Distribution: Distribute the remaining 25% of the collected amount as dividends among the participating customers, providing them with returns on their investment in the chit fund.
Deductions from Second Instalment Onwards:
- Deductions from Dividends: Starting from the second installment, a deduction of ₹1,250 is applied to the dividends received.
- Sustainability and Continuity: The deduction is implemented to secure the sustainability and continuity of the chit fund. This measure is crucial for maintaining the fund's stability and ensuring it can fulfill its intended purpose over time.
- Contribution to Financial Growth: The deducted amount plays a role in contributing to the overall financial growth of the community. By supporting the chit fund's stability, the community benefits from a more robust financial system that can potentially foster economic development.
What Clients Say
1
Branch @Thiruvalla
100+
Happy Clients
100+
Investments Managed
100%
Trustworthy