What is Chit Fund?

What is Chit Fund?

A Story by Websoftex
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Welcome to Websoftex Software Solutions Pvt. Ltd. a Bangalore based company extending its services in Website Designing, Web Development Chit fund, MLM, Microfinance Software www.websoftex.com

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·         It is a contract between the managers, because the Promoter is named, and also the subscribers, World Health Organization are a part of voluntarily.

·         For example, 20 members, 20 months, Rs.5000/- a month. Range (the quantity} of members and also the number of months square measure to be constant.

 

·         Eligibility for award is decided by auction. All told auctions commencing from the 2d installments, subscribers will bid up to a most of four-hundredth solely. If quite one subscriber offers identical discount, the prized subscribers are going to be determined by heap.

 

·         The Pooled funds monthly square measure offered to the subscriber’s at monthly auctions and also the subscriber World Health Organization BIDS for the very best discount is said the lottery winner and given the prize quantity on correct security.

 

·         A Prized subscriber additionally ought to still pay the subscriptions until the termination of the account.
The amount bygone as discount, less manager’s commission is distributed among the subscribers as dividend.

 

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Added on December 8, 2017
Last Updated on December 8, 2017
Tags: Chit Fund Software, Chit Fund System, Chit Value, Chit Fund Rules

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Websoftex
Websoftex

bangalore, Other, India



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Welcome to Websoftex Software Solutions Pvt. Ltd. a Bangalore based company extending its services in Website Designing, Web Development, MLM Software, Micro Finance, RD FD Software, Chit Fund, Loan S.. more..

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