Different types of people in the society such as businessmen, industries, salaried class, small investors etc. need some scheme like chit to avail funds and some need to earn benefits by investing periodically. For such purpose, chit fund is the best option.

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SAVINGS AND BORROWINGS BOTH ARE IN ONE MONETORY PRODUCT ..THAT IS CHIT.

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In a chit the subscriber who remain till the end will be benefited with huge dividend which cannot be get in any other investments. The subscriber who in need of funds can avail it by participating in the auction process which is held each month so his purpose will also be served. Hence, a chit benefits both type of people.

 

Chit funds have been playing a stellar role even before the advent of modern banking era, in coming to rescue of the needy at affordable terms.

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This system has numerous built-in advantages due to which people prefer this option over other formal institutions. These are:

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• Tax Free Dividend

• Easy Accessibility

• User-friendly service

• Absence of latent cost

• No Periodic interest hikes

• Exit Options with nominal charges