Dhantirth CHIT FUND Pvt.Ltd.
8 Lakh Chit Group Scheme (20 Month)
If the highest bid amount is quoted by more than one member, one member is selected through a lucky draw method.
| Sr No | Chit Amount |
Company Commission |
Monthly Installment |
Dividend | Minimum Bidding |
Max Bidding |
Insurance | Net Prized Amount |
|---|---|---|---|---|---|---|---|---|
| 1 | 800000 | 2000 | 42000 | 0 | 0(0%) | 0(0%) | 0 | GOV FD |
| 2 | 800000 | 2000 | 28000 | 14000 | 208000(26%) | 280000(35%) | 8000 | 512000 |
| 3 | 800000 | 2000 | 28000 | 14000 | 208000(26%) | 280000(35%) | 8000 | 512000 |
| 4 | 800000 | 2000 | 28000 | 14000 | 208000(26%) | 280000(35%) | 8000 | 512000 |
| 5 | 800000 | 2000 | 28000 | 14000 | 208000(26%) | 280000(35%) | 8000 | 512000 |
| 6 | 800000 | 2000 | 29200 | 12800 | 160000(20%) | 256000(32%) | 6000 | 538000 |
| 7 | 800000 | 2000 | 30800 | 11200 | 148000(18.5%) | 224000(28%) | 5500 | 570500 |
| 8 | 800000 | 2000 | 32400 | 9600 | 136000(17%) | 192000(24%) | 5000 | 603000 |
| 9 | 800000 | 2000 | 33200 | 8800 | 124000(15.5%) | 176000(22%) | 4500 | 619500 |
| 10 | 800000 | 2000 | 34400 | 7600 | 112000(14%) | 152000(19%) | 4000 | 644000 |
| 11 | 800000 | 2000 | 34800 | 7200 | 100000(12.5%) | 144000(18%) | 3500 | 652500 |
| 12 | 800000 | 2000 | 35600 | 6400 | 92000(11.5%) | 128000(16%) | 3000 | 669000 |
| 13 | 800000 | 2000 | 36400 | 5600 | 80000(10%) | 112000(14%) | 2700 | 685300 |
| 14 | 800000 | 2000 | 37200 | 4800 | 68000(8.5%) | 96000(12%) | 2400 | 701600 |
| 15 | 800000 | 2000 | 37600 | 4400 | 56000(7%) | 88000(11%) | 2100 | 709900 |
| 16 | 800000 | 2000 | 38000 | 4000 | 44000(5.5%) | 80000(10%) | 1800 | 718200 |
| 17 | 800000 | 2000 | 38400 | 3600 | 32000(4%) | 72000(9%) | 0 | 728000 |
| 18 | 800000 | 2000 | 39000 | 32000 | 20000(2.5%) | 64000(8%) | 0 | 736000 |
| 19 | 800000 | 2000 | 49600 | 2400 | 8000(1%) | 48000(6%) | 0 | 752000 |
| 20 | 800000 | 2000 | 42000 | 0 | 0(0%) | 0(0%) | 0 | 800000 |
| Total | 694200 | 147600 | ||||||
Chit Group Running Method
- The entire first installment paid by 20 member's must be deposited in the bank under the governments name of the groups ragistration , as per the 1982 Chit Fund Act additionally , an amount of 8 lakh must be maintained in the bank until the end of the groups tenure .
- The amount for the secound monthly installment must be paid by deducting rs 14000 the minimum profit amount set by the company , and paying the remaining amount of rs 28000 .
- form the third month to the 20th month , the monthly installment must be paid after deducting the additional profit earned from the previous month's auction , as per the monthly installment amount determined by the company .
- the monthly installment should be paid before the acution date , Members who pay early will receive a bonus of rs 100 to 150 rs
- Group auctions can be viewed and bid online for 30 days.
- Details of the person selected through the token system can be seen live on Dhantirth company You Tube Channel .
- Chit winning members can receive their chit amount the day after completing the security process.
- All group members can see online 24 hours which members has recived the amount collected from 20 members each month by Dantirth
- Member's of the group can get insurance for the remaining monthly installment while taking the chit amount and if they take out the insurance before taking the chit amount , They will get a 30 % discount
Government registration documents issued to Chit group members
- 1Member joining a chit group are provided with a contract document for the chit value , registered by Dhantirth Company as per the rules of the 1982 chit fund Act
- Before the commencement of the group's auction, Dhantirth Company provided the list of 20 members registered by the government to the group members both online and offline.
- As per the 1982 chit Fund Act , for group registration , Dhantirth Company provides the group members with a bound copy of the fixed deposit pledged as collateral in the name of the government .
- According to Section 17(2)(d) & € of the 1982 chit fund Act , aminute report specifying which member received the chit amount each month from Dhantirth company is submitted to the District Ragister's Office of the governmment .