Money Chit Fund Software

Money Saving benefits In Chit Funds:

People who need to extra money and get the prized/offer total in the second half of the chit time allotment, acquire especially higher return (12-18% consistently) than their discontinuous venture reserves kept with a bank.

Those needing cash can raise cash by getting the prized/offer sum when they need cash. The premium or chit misfortune in such cases is especially not as much as the market rates.

All people joining a chit gathering are compelled to spare a little measure of their wage to back their fantasy activities, for example, – buying a plot or building a house or meeting marriage costs or purchasing local articles, or releasing a current risk and so forth.

Every individual who pays his occasional portions exceptional is qualified for get his preferred prized sum at a time, in the wake of partaking in a lottery/sell off.

Why should people invest money in chit funds?

Chit funds are the main middle people which have both reserve funds and acquiring highlights. Customized benefit, particularly in provincial ranges, and nonattendance of stringent conventions empower us to partake in the national money related consideration program.

What is the security for my money?

A Registered Chit Fund Company makes a Security deposit equal to 100% of chit value in a Schedule Bank as FDR, which is pledged in favor of registrar of chits. Therefore, a member in a registered Chit Fund Company is very much secured than a member in a non-registered company.