Dhantirth CHIT FUND Pvt.Ltd.
3 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 | 300000 | 750 | 15750 | 0 | 0(0%) | 0(0%) | 0 | GOV FD |
| 2 | 300000 | 750 | 11250 | 4500 | 60000(20%) | 90000(30%) | 3000 | 207000 |
| 3 | 300000 | 750 | 11250 | 4500 | 60000(20%) | 90000(30%) | 3000 | 207000 |
| 4 | 300000 | 750 | 11250 | 4500 | 60000(20%) | 90000(30%) | 3000 | 207000 |
| 5 | 300000 | 750 | 11250 | 4500 | 60000(20%) | 90000(30%) | 3000 | 207000 |
| 6 | 300000 | 750 | 11550 | 4200 | 54000(18%) | 84000(28%) | 2600 | 213400 |
| 7 | 300000 | 750 | 11850 | 3900 | 52500(17.5%) | 78000(26%) | 2500 | 219500 |
| 8 | 300000 | 750 | 12150 | 3600 | 51000(17%) | 72000(24%) | 2400 | 225600 |
| 9 | 300000 | 750 | 12450 | 3300 | 49500(16.5%) | 66000(22%) | 2300 | 231700 |
| 10 | 300000 | 750 | 12750 | 3000 | 45000(15%) | 60000(20%) | 2200 | 237800 |
| 11 | 300000 | 750 | 13400 | 2350 | 40500(13.5%) | 54000(18%) | 2100 | 243900 |
| 12 | 300000 | 750 | 13550 | 2200 | 36000(12%) | 48000(16%) | 2000 | 250000 |
| 13 | 300000 | 750 | 13700 | 2050 | 31500(10.5%) | 42000(14%) | 1500 | 256500 |
| 14 | 300000 | 750 | 13850 | 1900 | 27000(9%) | 36000(12%) | 1400 | 262600 |
| 15 | 300000 | 750 | 14000 | 1750 | 22500(7.5%) | 33000(11%) | 1300 | 256700 |
| 16 | 300000 | 750 | 14400 | 1350 | 18000(6%) | 30000(10%) | 1200 | 268800 |
| 17 | 300000 | 750 | 14750 | 1000 | 13500(4.5%) | 24000(8%) | 0 | 273000 |
| 18 | 300000 | 750 | 15100 | 650 | 9000(3%) | 18000(6%) | 0 | 276000 |
| 19 | 300000 | 750 | 15500 | 250 | 4500(1.5%) | 12000(4%) | 0 | 282000 |
| 20 | 300000 | 750 | 15750 | 0 | 0(0%) | 0(0%) | 0 | 300000 |
| Total | 265500 | 49500 | ||||||
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 3 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 4500 the minimum profit amount set by the company , and paying the remaining amount of rs 11250
- 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 .