Dhantirth CHIT FUND Pvt.Ltd.
10 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 | 1000000 | 2500 | 52500 | 0 | 0(0%) | 0(0%) | 0 | GOV FD |
| 2 | 1000000 | 2500 | 39500 | 13000 | 260000(26%) | 340000(34%) | 1000 | 650000 |
| 3 | 1000000 | 2500 | 40250 | 12550 | 245000(24.5%) | 321000(32.1%) | 9500 | 665000 |
| 4 | 1000000 | 2500 | 41000 | 11500 | 230000(23%) | 302000(30.2%) | 9000 | 680000 |
| 5 | 1000000 | 2500 | 41750 | 10750 | 215000(21.5%) | 283000(28.3%) | 8500 | 695000 |
| 6 | 1000000 | 2500 | 42500 | 10000 | 200000(20%) | 264000(26.4%) | 8000 | 720000 |
| 7 | 1000000 | 2500 | 43250 | 9250 | 185000(18.5%) | 245000(24.5%) | 7500 | 735000 |
| 8 | 1000000 | 2500 | 44000 | 8500 | 170000(17%) | 226000(22.6%) | 7000 | 750000 |
| 9 | 1000000 | 2500 | 44750 | 7750 | 155000(15.5%) | 207000(20.7%) | 6500 | 765000 |
| 10 | 1000000 | 2500 | 45500 | 7000 | 140000(14%) | 188000(18.8%) | 6000 | 780000 |
| 11 | 1000000 | 2500 | 46250 | 6250 | 125000(12.5%) | 169000(16.9%) | 5500 | 805000 |
| 12 | 1000000 | 2500 | 46750 | 5750 | 115000(11.5%) | 150000(15%) | 5000 | 820000 |
| 13 | 1000000 | 2500 | 47500 | 5000 | 100000(10%) | 131000(13.1%) | 4500 | 835000 |
| 14 | 1000000 | 2500 | 48250 | 4250 | 85000(8.5%) | 112000(11.2%) | 4000 | 850000 |
| 15 | 1000000 | 2500 | 49000 | 3500 | 70000(7%) | 93000(9.3%) | 3500 | 865000 |
| 16 | 1000000 | 2500 | 49750 | 2750 | 55000(5.5%) | 74000(7.4%) | 3000 | 890000 |
| 17 | 1000000 | 2500 | 50500 | 2000 | 40000(4%) | 55000(5.5%) | 2500 | 905000 |
| 18 | 1000000 | 2500 | 51250 | 1250 | 25000(2.5%) | 36000(3.6%) | 2000 | 920000 |
| 19 | 1000000 | 2500 | 52000 | 500 | 10000(1%) | 17000(1.7%) | 1500 | 935000 |
| 20 | 1000000 | 2500 | 52000 | 500 | 10000(1%) | 17000(1.7%) | 1500 | 1000000 |
| Total | 928750 | 121250 | ||||||
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 10 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 13000 the minimum profit amount set by the company , and paying the remaining amount of rs 39500 .
- 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 .