Dhantirth CHIT FUND Pvt.Ltd.
9 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 | 900000 | 2250 | 47250 | 0 | 0(0%) | 0(0%) | 0 | GOV FD |
| 2 | 900000 | 2250 | 31500 | 15750 | 234000(26%) | 315000(35%) | 9000 | 576000 |
| 3 | 900000 | 2250 | 31500 | 15750 | 234000(26%) | 315000(35%) | 9000 | 576000 |
| 4 | 900000 | 2250 | 31500 | 15750 | 234000(26%) | 315000(35%) | 9000 | 576000 |
| 5 | 900000 | 2250 | 31500 | 15750 | 234000(26%) | 315000(35%) | 9000 | 576000 |
| 6 | 900000 | 2250 | 32850 | 14400 | 180000(20%) | 288000(32%) | 7000 | 605000 |
| 7 | 900000 | 2250 | 34650 | 12600 | 166500(18.5%) | 252000(28%) | 6500 | 641500 |
| 8 | 900000 | 2250 | 36450 | 10800 | 153000(17%) | 216000(24%) | 6000 | 678000 |
| 9 | 900000 | 2250 | 37350 | 9900 | 139500(15.5%) | 198000(22%) | 5500 | 696500 |
| 10 | 900000 | 2250 | 38700 | 8550 | 126000(14%) | 171000(19%) | 5000 | 724000 |
| 11 | 900000 | 2250 | 39150 | 8100 | 112500(12.5%) | 162000(18%) | 4500 | 733500 |
| 12 | 900000 | 2250 | 40050 | 7200 | 103500(11.5%) | 144000(16%) | 4000 | 752000 |
| 13 | 900000 | 2250 | 40950 | 6300 | 90000(10%) | 126000(14%) | 3500 | 770500 |
| 14 | 900000 | 2250 | 41850 | 5400 | 76500(8.5%) | 108000(12%) | 3000 | 789000 |
| 15 | 900000 | 2250 | 42300 | 4950 | 63000(7%) | 99000(11%) | 2500 | 798500 |
| 16 | 900000 | 2250 | 42750 | 4500 | 49500(5.5%) | 9000(10%) | 2000 | 808000 |
| 17 | 900000 | 2250 | 43200 | 4050 | 36000(4%) | 81000(9%) | 0 | 819000 |
| 18 | 900000 | 2250 | 43650 | 3600 | 22500(2.5%) | 72000(8%) | 0 | 828000 |
| 19 | 900000 | 2250 | 44550 | 2700 | 9000(1%) | 54000(6%) | 0 | 846000 |
| 20S | 900000 | 2250 | 47250 | 0 | 0(0%) | 0(0%) | 0 | 900000 |
| Total | 798975 | 109125 | ||||||
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 9 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 15750 the minimum profit amount set by the company , and paying the remaining amount of rs 31500.
- 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 .