Dhantirth CHIT FUND Pvt.Ltd.
6 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 | 600000 | 1500 | 31500 | 0 | 0(0%) | 0(0%) | 0 | GOV FD |
| 2 | 600000 | 1500 | 21000 | 10500 | 156000(26%) | 210000(35%) | 6000 | 384000 |
| 3 | 600000 | 1500 | 21000 | 10500 | 156000(26%) | 210000(35%) | 6000 | 384000 |
| 4 | 600000 | 1500 | 21000 | 10500 | 156000(26%) | 210000(35%) | 6000 | 384000 |
| 5 | 600000 | 1500 | 21000 | 10500 | 156000(26%) | 210000(35%) | 6000 | 384000 |
| 6 | 600000 | 1500 | 21900 | 9600 | 120000(20%) | 192000(32%) | 4800 | 403200 |
| 7 | 600000 | 1500 | 23100 | 8400 | 111000(18.5%) | 168000(28%) | 4500 | 427500 |
| 8 | 600000 | 1500 | 24300 | 7200 | 102000(17%) | 144000(24%) | 4200 | 451800 |
| 9 | 600000 | 1500 | 24900 | 6600 | 93000(15.5%) | 132000(22%) | 3900 | 464100 |
| 10 | 600000 | 1500 | 25800 | 5700 | 84000(14%) | 114000(19%) | 3600 | 482400 |
| 11 | 600000 | 1500 | 26100 | 5400 | 75000(12.5%) | 108000(18%) | 3300 | 488700 |
| 12 | 600000 | 1500 | 26700 | 4800 | 69000(11.5%) | 96000(16%) | 3000 | 501000 |
| 13 | 600000 | 1500 | 27300 | 4200 | 60000(10%) | 84000(14%) | 2700 | 513300 |
| 14 | 600000 | 1500 | 27900 | 3600 | 51000(8.5%) | 72000(12%) | 2400 | 525600 |
| 15 | 600000 | 1500 | 28200 | 3300 | 42000(7%) | 66000(11%) | 2100 | 513900 |
| 16 | 600000 | 1500 | 28500 | 3000 | 33000(5.5%) | 60000(10%) | 1800 | 538200 |
| 17 | 600000 | 1500 | 28800 | 2700 | 24000(4%) | 54000(9%) | 0 | 546000 |
| 18 | 600000 | 1500 | 29100 | 2400 | 15000(2.5%) | 48000(8%) | 0 | 552000 |
| 19 | 600000 | 1500 | 29700 | 1800 | 6000(1%) | 36000(7%) | 0 | 564000 |
| 20 | 600000 | 1500 | 31500 | 0 | 0(0%) | 0(0%) | 0 | 600000 |
| Total | 519300 | 110700 | ||||||
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 6 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 10500 the minimum profit amount set by the company , and paying the remaining amount of rs 21000 .
- 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 .