Dhantirth CHIT FUND Pvt.Ltd.
9 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 | 900000 | 2250 | 47250 | 0 | 0(0%) | 0(0%) | 0 | GOV FD |
| 2 | 900000 | 2250 | 35550 | 11700 | 234000(26%) | 306000(34%) | 9000 | 585000 |
| 3 | 900000 | 2250 | 36225 | 11025 | 220500(24.5%) | 288900(32.1%) | 8500 | 602600 |
| 4 | 900000 | 2250 | 36900 | 10350 | 207000(23%) | 271800(30.2%) | 8000 | 620600 |
| 5 | 900000 | 2250 | 37575 | 9675 | 193500(21.5%) | 254700(28.3%) | 7500 | 627800 |
| 6 | 900000 | 2250 | 38250 | 9000 | 180000(20%) | 237600(26.4%) | 7000 | 655400 |
| 7 | 900000 | 2250 | 38925 | 8325 | 166500(18.5%) | 220500(24.5%) | 6500 | 673000 |
| 8 | 900000 | 2250 | 39600 | 7650 | 153000(17%) | 203400(22.6%) | 6000 | 690600 |
| 9 | 900000 | 2250 | 40275 | 6975 | 139500(15.5%) | 186300(20.7%) | 5500 | 708200 |
| 10 | 900000 | 2250 | 40950 | 6300 | 126000(14%) | 169200(18.8%) | 5000 | 725800 |
| 11 | 900000 | 2250 | 41625 | 5625 | 112500(12.5%) | 152100(16.9%) | 4500 | 743400 |
| 12 | 900000 | 2250 | 42075 | 5175 | 103500(11.5%) | 64000(16%) | 4000 | 761000 |
| 13 | 900000 | 2250 | 42750 | 4500 | 90000(10%) | 135000(15%) | 3500 | 778600 |
| 14 | 900000 | 2250 | 43425 | 3825 | 76500(8.5%) | 117900(13.1%) | 3000 | 796200 |
| 15 | 900000 | 2250 | 44100 | 3150 | 63000(7%) | 100800(11.2%) | 2500 | 813800 |
| 16 | 900000 | 2250 | 44775 | 2475 | 49500(5.5%) | 66600(7.4%) | 2000 | 831400 |
| 17 | 900000 | 2250 | 45450 | 1800 | 36000(4%) | 49500(5.5%) | 1500 | 849000 |
| 18 | 900000 | 2250 | 46125 | 1145 | 22500(2.5%) | 32400(3.6%) | 1000 | 866600 |
| 19 | 900000 | 2250 | 46800 | 450 | 9000(1%) | 15300(1.7%) | 500 | 884200 |
| 20S | 900000 | 2250 | 47250 | 0 | 0(0%) | 0(0%) | 0 | 900000 |
| Total | 798975 | 109125 | ||||||
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 9 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 11700 the minimum profit amount set by the company , and paying the remaining amount of rs 35550 .
- 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 .