Dhantirth CHIT FUND PVT.LTD.
5 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 | 500000 | 1250 | 26250 | 0 | 0(0%) | 0(0%) | 0 | GOV FD |
| 2 | 500000 | 1250 | 19750 | 6500 | 130000(26%) | 170000(34%) | 5000 | 325000 |
| 3 | 500000 | 1250 | 20125 | 6125 | 122500(24.5%) | 167500(33.5%) | 4900 | 327600 |
| 4 | 500000 | 1250 | 20500 | 5750 | 115000(23%) | 165000(33%) | 4800 | 330200 |
| 5 | 500000 | 1250 | 20875 | 5375 | 107500(21.5%) | 162500(32.5%) | 4700 | 332800 |
| 6 | 500000 | 1250 | 21250 | 5000 | 100000(20%) | 160000(32%) | 4600 | 335400 |
| 7 | 500000 | 1250 | 21625 | 4625 | 92500(18.5%) | 157500(31.5%) | 4500 | 338000 |
| 8 | 500000 | 1250 | 22000 | 4250 | 85000(17%) | 155000(31%) | 4400 | 340600 |
| 9 | 500000 | 1250 | 22375 | 3875 | 77500(15.5%) | 152500(30.5%) | 4300 | 343200 |
| 10 | 500000 | 1250 | 22750 | 3500 | 70000(14%) | 150000(30%) | 4200 | 345800 |
| 11 | 500000 | 1250 | 23125 | 3125 | 62500(12.5%) | 125000(25%) | 4100 | 370900 |
| 12 | 500000 | 1250 | 23375 | 2875 | 57500(11.5%) | 100000(20%) | 4000 | 396000 |
| 13 | 500000 | 1250 | 23750 | 2500 | 50000(10%) | 80000(16%) | 2100 | 417900 |
| 14 | 500000 | 1250 | 24125 | 2125 | 42500(8.5%) | 70000(14%) | 1900 | 428100 |
| 15 | 500000 | 1250 | 24500 | 1750 | 35000(7%) | 60000(12%) | 1700 | 438300 |
| 16 | 500000 | 1250 | 24875 | 1375 | 27500(5.5%) | 50000(10%) | 1500 | 448500 |
| 17 | 500000 | 1250 | 25250 | 1000 | 20000(4%) | 40000(8%) | 1300 | 458700 |
| 18 | 500000 | 1250 | 25625 | 625 | 12500(2.5%) | 30000(6%) | 1100 | 468900 |
| 19 | 500000 | 1250 | 26000 | 250 | 5000(1%) | 20000(4%) | 900 | 479100 |
| 20 | 500000 | 1250 | 26250 | 0 | 0(0%) | 0(0%) | 0 | 500000 |
| Total | 464375 | 60625 | ||||||
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 5 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 6500 the minimum profit amount set by the company , and paying the remaining amount of rs 19750.
- 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 .