Dhantirth CHIT FUND Pvt.Ltd.
8 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 | 800000 | 2000 | 42000 | 0 | 0(0%) | 0(0%) | 0 | GOV FD |
| 2 | 800000 | 2000 | 31600 | 10400 | 208000(26%) | 272000(34%) | 8000 | 520000 |
| 3 | 800000 | 2000 | 32200 | 9800 | 196000(24.5%) | 256800(32.1%) | 7500 | 535700 |
| 4 | 800000 | 2000 | 32800 | 9200 | 184000(23%) | 241600(30.2%) | 7000 | 551400 |
| 5 | 800000 | 2000 | 33400 | 8600 | 172000(21.5%) | 226400(28.3%) | 6500 | 567100 |
| 6 | 800000 | 2000 | 34000 | 8000 | 160000(20%) | 211200(26.4%) | 6000 | 582800 |
| 7 | 800000 | 2000 | 34600 | 7400 | 148000(18.5%) | 196000(24.5%) | 5500 | 598500 |
| 8 | 800000 | 2000 | 35200 | 6800 | 136000(17%) | 180800(22.6%) | 5000 | 614200 |
| 9 | 800000 | 2000 | 35800 | 6200 | 124000(15.5%) | 165600(20.7%) | 4500 | 629900 |
| 10 | 800000 | 2000 | 36400 | 5600 | 112000(14%) | 150400(18.8%) | 4000 | 645600 |
| 11 | 800000 | 2000 | 37000 | 5000 | 100000(12.5%) | 135200(16.9%) | 3500 | 661300 |
| 12 | 800000 | 2000 | 37400 | 4600 | 92000(11.5%) | 120000(15%) | 3000 | 677000 |
| 13 | 800000 | 2000 | 38000 | 4000 | 80000(10%) | 104800(13.1%) | 2700 | 692500 |
| 14 | 800000 | 2000 | 38600 | 3400 | 68000(8.5%) | 89600(11.2%) | 2400 | 708000 |
| 15 | 800000 | 2000 | 39200 | 2800 | 56000(7%) | 74400(9.3%) | 2100 | 723500 |
| 16 | 800000 | 2000 | 39800 | 2200 | 44000(5.5%) | 59200(7.4%) | 1800 | 770000 |
| 17 | 800000 | 2000 | 40400 | 1600 | 32000(4%) | 44000(5.5%) | 1500 | 770000 |
| 18 | 800000 | 2000 | 41000 | 1000 | 20000(2.5%) | 28800(3.6%) | 1200 | 785500 |
| 19 | 800000 | 2000 | 41600 | 400 | 8000(1%) | 13600(1.7%) | 900 | 800000 |
| 20 | 800000 | 2000 | 42000 | 400 | 0(0%) | 0(0%) | 0 | 800000 |
| Total | 743000 | 97000 | ||||||
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 8 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 10400 the minimum profit amount set by the company , and paying the remaining amount of rs 31600 .
- 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 .