A chitty is basically a commitment between the manager and the Customers. As per the commitment, each Customer agrees to suspend a fixed amount of money every month for a number of months.
Chit fund is a standard and traditional product.
Chit Funds is more popular because customers have access to their future savings today. According to the survey there are around 30,000 registered businesses in India, generating a yearly turnover of Rs. 35,000 crore. There are also non-registered chit fund businesses, estimated to be 100 times the size of registered businesses. Chit fund is a very reliable medium which gives financial support if guided in right direction and determination.
Chit Fund Software is a very unique financial tool helping the customer from many years. If customers registered in Central Act and Governed by the State rules Customer gets tax consuming returns Registered Small scale enterprisers, Savers, beginners will becomes potential borrowers in future, Customers can choose chit fund software’s according to their business plans and requirements. This will help Customers to get good returns and fast flawless accounting.