Dhantirth CHIT FUND Pvt.Ltd.
6 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 | 600000 | 1500 | 31500 | 0 | 0(0%) | 0(0%) | 0 | GOV FD |
| 2 | 600000 | 1500 | 23700 | 7800 | 156000(26%) | 204000(34%) | 6000 | 390000 |
| 3 | 600000 | 1500 | 24150 | 7350 | 147000(24.5%) | 192600(32.1%) | 5700 | 401700 |
| 4 | 600000 | 1500 | 24600 | 6900 | 138000(23%) | 181200(30.2%) | 5400 | 413400 |
| 5 | 600000 | 1500 | 25050 | 6450 | 129000(21.5%) | 169800(28.3%) | 5100 | 425100 |
| 6 | 600000 | 1500 | 25500 | 6000 | 120000(20%) | 158400(26.4%) | 4800 | 436800 |
| 7 | 600000 | 1500 | 25950 | 5550 | 111000(18.5%) | 147000(24.5%) | 4500 | 448500 |
| 8 | 600000 | 1500 | 26400 | 5100 | 102000(17%) | 135600(22.6%) | 4200 | 460200 |
| 9 | 600000 | 1500 | 26850 | 4650 | 93000(15.5%) | 124200(20.7%) | 3900 | 471900 |
| 10 | 600000 | 1500 | 27300 | 4200 | 84000(14%) | 112800(18.8%) | 3600 | 483600 |
| 11 | 600000 | 1500 | 27750 | 3750 | 75000(12.5%) | 101400(16.9%) | 3300 | 495300 |
| 12 | 600000 | 1500 | 28050 | 3450 | 69000(11.5%) | 90000(15%) | 3000 | 507000 |
| 13 | 600000 | 1500 | 28500 | 3000 | 60000(10%) | 78600(13.1%) | 2700 | 518700 |
| 14 | 600000 | 1500 | 28950 | 2550 | 51000(8.5%) | 67200(11.2%) | 2400 | 530400 |
| 15 | 600000 | 1500 | 29400 | 2100 | 42000(7%) | 55800(9.3%) | 2100 | 542100 |
| 16 | 600000 | 1500 | 29850 | 1650 | 33000(5.5%) | 44400(7.4%) | 1800 | 553800 |
| 17 | 600000 | 1500 | 30300 | 1200 | 24000(4%) | 33000(5.5%) | 1500 | 565500 |
| 18 | 600000 | 1500 | 30750 | 750 | 15000(2.5%) | 21600(3.6%) | 1200 | 577200 |
| 19 | 600000 | 1500 | 31200 | 300 | 6000(1%) | 10200(1.7%) | 900 | 588900 |
| 20 | 600000 | 1500 | 31500 | 0 | 0(0%) | 0(0%) | 0 | 600000 |
| Total | 557250 | 72750 | ||||||
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 6 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 7800 the minimum profit amount set by the company , and paying the remaining amount of rs 23700.
- 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 .