WebMonthly Amount 20,000. Chit Value 10,00,000. Months 25. Monthly Amount 40,000. Chit Value 25,00,000. Months 25. Monthly Amount 1,00,000. OUR CHIT PLANS. Interested in any of the schemes? Please … WebApr 22, 2024 · The subscribers of this chit, pay the monthly subscription amount to the chit fund company, also known as agent/foreman. The agent is responsible for bringing …

Chit Funds Full Details in Telugu - YouTube

WebAmount you get on second month. Bank interest Till Date. Current Bank Interest Rate for Regular FD (Annual) Monthly Interest if you deposit the amount in bank. No. of Months … WebApr 5, 2024 · Your returns depend on the distributable surplus every month. Let us understand through an example. Say 20 members invest in a chit fund for 12 months … paper cut out art tools

A Guide To Investing in Chit Funds – Forbes Advisor INDIA - GitHub

WebChit funds are one of the oldest forms of investments used by households to grow their money. Today, with FDs and RDs offering low-interest rates of 5-6%, chit funds have … WebFeb 3, 2024 · Here is a look at how a chit fund works. A joins a chit fund worth Rs 60,000, at a monthly subscription fee of Rs 1,000, for 60 months. The scheme will have 60 participants contributing to the ‘pot’. At the end of the month comes the auction. Any group member can bid for the pot (worth Rs 60,000 now). A member can bid for the pot at par ... WebApr 3, 2024 · It is managed by a fund manager with very small annual expenses. (<2.5%p.a.) The person who runs the chit takes a huge amount as expenses. (5-10% p.a.) It is well regulated and maintained by SEBI. Normally chit funds are not regulated by any government body. Very secure since it is regulated by the government. paper cut out artwork