Dhantirth CHIT FUND Pvt.Ltd.
4 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 | 400000 | 1000 | 21000 | 0 | 0(0%) | 0(0%) | 0 | GOV FD |
| 2 | 400000 | 1000 | 15000 | 6000 | 80000(20%) | 120000(30%) | 4000 | 276000 |
| 3 | 400000 | 1000 | 15000 | 6000 | 80000(20%) | 120000(30%) | 4000 | 276000 |
| 4 | 400000 | 1000 | 15000 | 6000 | 80000(20%) | 120000(30%) | 4000 | 276000 |
| 5 | 400000 | 1000 | 15000 | 6000 | 80000(20%) | 120000(30%) | 4000 | 276000 |
| 6 | 400000 | 1000 | 15400 | 5600 | 72000(18%) | 112000(28%) | 3200 | 284800 |
| 7 | 400000 | 1000 | 15800 | 5200 | 70000(17.5%) | 104000(26%) | 3000 | 293000 |
| 8 | 400000 | 1000 | 16200 | 4800 | 68000(17%) | 96000(24%) | 2800 | 301200 |
| 9 | 400000 | 1000 | 16600 | 4400 | 66000(16.5%) | 88000(22%) | 2600 | 309400 |
| 10 | 400000 | 1000 | 17000 | 4000 | 60000(15%) | 80000(20%) | 2400 | 317600 |
| 11 | 400000 | 1000 | 17400 | 3600 | 54000(13.5%) | 72000(18%) | 2200 | 325800 |
| 12 | 400000 | 1000 | 17800 | 3200 | 48000(12%) | 64000(16%) | 2000 | 334000 |
| 13 | 400000 | 1000 | 18200 | 2800 | 42000(10.5%) | 56000(14%) | 1800 | 342200 |
| 14 | 400000 | 1000 | 18600 | 2400 | 36000(9%) | 48000(12%) | 1600 | 350400 |
| 15 | 400000 | 1000 | 18800 | 2200 | 30000(7.5%) | 44000(11%) | 1200 | 354600 |
| 16 | 400000 | 1000 | 19000 | 2000 | 24000(6%) | 40000(10%) | 1200 | 358800 |
| 17 | 400000 | 1000 | 19200 | 1800 | 18000(4.5%) | 36000(9%) | 0 | 364000 |
| 18 | 400000 | 1000 | 19400 | 1600 | 12000(3%) | 32000(9%) | 0 | 368000 |
| 19 | 400000 | 1000 | 19800 | 1200 | 6000(1.5%) | 24000(46) | 0 | 376000 |
| 20 | 400000 | 1000 | 21000 | 0 | 0(0%) | 0(0%) | 0 | 400000 |
| Total | 351200 | 68800 | ||||||
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 4 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 6000 the minimum profit amount set by the company , and paying the remaining amount of rs 15000 .
- 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 .