Dhantirth CHIT FUND Pvt.Ltd.
7 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 | 700000 | 1750 | 36750 | 0 | 0(0%) | 0(0%) | 0 | GOV FD |
| 2 | 700000 | 1750 | 24500 | 12250 | 182000(26%) | 245000(35%) | 7000 | 458000 |
| 3 | 700000 | 1750 | 24500 | 12250 | 182000(26%) | 245000(35%) | 7000 | 458000 |
| 4 | 700000 | 1750 | 24500 | 12250 | 182000(26%) | 245000(35%) | 7000 | 458000 |
| 5 | 700000 | 1750 | 24500 | 12250 | 182000(26%) | 245000(35%) | 7000 | 458000 |
| 6 | 700000 | 1750 | 25550 | 11200 | 140000(20%) | 196000(32%) | 5800 | 470200 |
| 7 | 700000 | 1750 | 26950 | 9800 | 129500(18.5%) | 198000(28%) | 5500 | 498500 |
| 8 | 700000 | 1750 | 28350 | 8400 | 119000(17%) | 160000(24%) | 5200 | 526800 |
| 9 | 700000 | 1750 | 29050 | 7700 | 108500(15.5%) | 154000(22%) | 4900 | 541100 |
| 10 | 700000 | 1750 | 30100 | 6650 | 98000(14%) | 133900(19%) | 4600 | 526400 |
| 11 | 700000 | 1750 | 30450 | 6300 | 87500(12.5%) | 126000(18%) | 4300 | 569700 |
| 12 | 700000 | 1750 | 31150 | 5600 | 80500(11.5%) | 112000(16%) | 4000 | 584000 |
| 13 | 700000 | 1750 | 31850 | 4900 | 70000(10%) | 98000(14%) | 3500 | 598500 |
| 14 | 700000 | 1750 | 32550 | 4200 | 59500(8.5%) | 84000(12%) | 3000 | 613000 |
| 15 | 700000 | 1750 | 32900 | 3850 | 49000(7%) | 77000(11%) | 2500 | 620500 |
| 16 | 700000 | 1750 | 33250 | 3500 | 38500(5.5%) | 70000(10%) | 2000 | 628000 |
| 17 | 700000 | 1750 | 33600 | 3150 | 28000(4%) | 63000(9%) | 0 | 637000 |
| 18 | 700000 | 1750 | 33950 | 2800 | 17500(2.5%) | 56000(8%) | 0 | 644000 |
| 19 | 700000 | 1750 | 34650 | 2100 | 7000(1%) | 42000(6%) | 0 | 658000 |
| 20 | 700000 | 1750 | 36750 | 0(0%) | 0(0%) | 0 | 700000 | |
| Total | 605850 | 129150 | ||||||
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 7 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 12250 the minimum profit amount set by the company , and paying the remaining amount of rs 24500.
- 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 .