Chit Fund Investment

Interesting Facts about Chit Funds:

• 1)A chit fund organization is one that oversees, directs or regulates a chit conspire. Everybody who needs to put resources into a chit needs to pool in certain measure of cash and can take an interest in sell-offs held consistently.
• 2) Every chit fund organization which is carrying on the chit support business must have the words 'Chit', "Chitty" or "Kuri" in its name.
• 3) There are 3 sorts of chit finances in India
      *Govt Run: Ex Kerala State Financial Enterprises
      *Un-Registered: Unregistered chits are every one of those keep running by companions, neighbors or anybody not enlisted under the chit subsidize acts.
• 4) Chit subsidize organizations can just work according to the procedure said above. They can't enjoy exchanging or other such exercises, for example, land speculations, store assembly, and so forth.
• 5) Chit reserve is not quite the same as a racket plot, MLM (multi level advertising) or any questionable plans. Thus, scams for example, Saradha Chit Scam not are dealt with as a chit finance trick.