According to the 1982 Chit Fund Act, the company conducting the chit fund is Dhantirth.
The company Dhantirth has successfully conducted numerous chit groups across India for over 29 years,
ensuring a safe approach to people's investments
5 lakh 20 months group how is it conducted?
Thus, a single member's subscription amount is ₹25,000 x 20 members = ₹500,000, plus the company
commission of ₹30,000 (₹1,500 per person x 20 members), totaling ₹530,000.
1
Dhantirth company brings together 20 members to form a chit
group. Each subscriber agrees to pay a monthly installment of ₹25,500 to the chit group for
20 months.
2
Each member can receive the chit amount through the auction
only once during the 20-month period.
3
Dhantirth company contracts with all members and appoints a
joint registrar appointed by the State Government obtains permission to operate the group by
providing necessary security documents.
4
After obtaining the necessary approval from the joint
registrar, Dhantirth company conducts the auction.
5
Every month, the money collected from the 20 members is
given to the member who wins the auction.
6
Only subscribers who have not received the prize can
participate in the auction.
7
The subscriber who bids with the highest discount will
receive the chit amount.
8
If more than one person requests the maximum auction amount,
one will be adopted through a hang order system.
9
After obtaining the necessary security documents for the
remaining money installments, the company provides the chit amount to the subscriber who
wins the auction.
10
Every month, subscribers will receive a portion of the
amount as a discount share.
Before joining other chit fund companies
People should compare whether other chit fund companies provide the 100% transparent transactions
and government-approved document services provided by Dhantirth Chit Fund Company.
We are proud to inform you that we are the first company to provide all transactions
online at any time, making it accessible to every individual from anywhere in the
world.
Chit auctions are conducted for amounts ranging from ₹5 lakhs to ₹50 lakhs
A person who has not taken the chit amount can avail 50% of the amount they have paid as
installments after 5 months, at a reduced interest rate. If repaid within 8 days, no interest
will be charged. This service is available 24/7.
