Dhantirth CHIT FUND Pvt.Ltd.
7 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 | 700000 | 1750 | 36750 | 0 | 0(0%) | 0(0%) | 0 | GOV FD |
| 2 | 700000 | 1750 | 27650 | 9100 | 182000(26%) | 238000(34%) | 7000 | 455000 |
| 3 | 700000 | 1750 | 28175 | 8575 | 171500(24.5%) | 224700(32.1%) | 6700 | 468600 |
| 4 | 700000 | 1750 | 28700 | 8050 | 161000(23%) | 211400(30.2%) | 6400 | 482200 |
| 5 | 700000 | 1750 | 29225 | 7525 | 150500(21.5%) | 198100(28.3%) | 6100 | 495800 |
| 6 | 700000 | 1750 | 29750 | 7000 | 140000(20%) | 184800(26.4%) | 5800 | 509400 |
| 7 | 700000 | 1750 | 30275 | 6475 | 129500(18.5%) | 171500(24.5%) | 5500 | 509400 |
| 8 | 700000 | 1750 | 30800 | 5950 | 119000(17%) | 158200(22.6%) | 5200 | 523000 |
| 9 | 700000 | 1750 | 31325 | 5425 | 108500(15.5%) | 144900(20.7%) | 4900 | 536600 |
| 10 | 700000 | 1750 | 31850 | 4900 | 98000(14%) | 131600(18.8%) | 4600 | 535500 |
| 11 | 700000 | 1750 | 32375 | 4375 | 87500(12.5%) | 118300(16.9%) | 4300 | 563800 |
| 12 | 700000 | 1750 | 33250 | 4025 | 80500(11.5%) | 105000(15%) | 4000 | 577400 |
| 13 | 700000 | 1750 | 33775 | 3500 | 70000(10%) | 91700(13.1%) | 3500 | 591000 |
| 14 | 700000 | 1750 | 34300 | 2975 | 59500(8.5%) | 78400(11.2%) | 3000 | 604800 |
| 15 | 700000 | 1750 | 34825 | 2450 | 49000(7%) | 65100(9.3%) | 2500 | 618600 |
| 16 | 700000 | 1750 | 35350 | 1925 | 38500(5.5%) | 51800(7.4%) | 2000 | 632400 |
| 17 | 700000 | 1750 | 35875 | 1400 | 28000(4%) | 38500(5.5%) | 1500 | 646200 |
| 18 | 700000 | 1750 | 19700 | 875 | 17500(2.5%) | 25200(3.6%) | 1000 | 660000 |
| 19 | 700000 | 1750 | 36400 | 350 | 7000(1%) | 11900(1.7%) | 900 | 687200 |
| 20 | 700000 | 1750 | 36750 | 0 | 0(0%) | 0(0%) | 0 | 700000 |
| Total | 650125 | 84875 | ||||||
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 7 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 9100 the minimum profit amount set by the company , and paying the remaining amount of rs 27650 .
- 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 .