Documents to be submitted by the person receiving the chit amount
1.A minimum of 2 monthly installments must be paid to be eligible to collect the chit amount.
2.For individuals borrowing ₹ 5 lakh or 10 lakh chit loan: The subscriber must submit 3 cheques in the subscriber's name, and the guarantors (2 people, either employees or business persons) must also provide 3 cheques each.
3.For every chit (both the subscriber and the guarantors) 3 cheques and 1 bank statement must be submitted separately.
4.A Mortgage (MOD) document must be registered for the chit value 20 lakhs and above.
5.After the 15th month, the subscriber's documents alone will be enough to collect the chit amount.
6.Only subscribers who have paid their installments within the due dates will be eligible for the settlement in particular month.
7.After submitting the guarantee and documents the chit amount will be transferred to your bank account next day.
8.If a member exits the group in between 2 consecutive monthly payments, a 5% commission will be deducted from the chit amount by the company, and the remaining amount will be provided only after the chit term ends.
9.If you transfer your chit to someone else, a 1% tax of the chit value must be paid as a registration charge.
10.The management has full authority to accept or reject the guarantee.
Note:
40 days - for 3 new customers, 30 days - for 2 new customers, 120 days - join 1 new customers
1.
Aadhaar Card, Ration Card, and Photograph (mandatory required).
2.
Phone the receipt or documents the receipt required.
3.
For those taking the chit amount after 17 months, any non-guarantee is required. For those taking the chit amount after 15 months, own documents are sufficient.
4.
The member taking the chit amount will not incur any paperwork or guarantee when depositing cash for the remaining months.
5.
A guarantee can provide documents for two individuals. A minimum civil score of ₹5/Rs sufficient.
6.
If any group member wishes to receive the chit amount within six months, they must inform before joining the group. If they wish to receive the chit amount after sixth month, they must inform at least one month in advance.
7.
Those living in rental houses, living in other states or abroad can join the Dhantirth chit group. But can only receive the chit amount at the end of the chit period.
8.
Dhantirth members can avail insurance for the chit value. The premium is 1% of the chit value, and this offer is applicable to individuals between the ages of 20 and 55.
