Dhantirth CHIT FUND Pvt Ltd.
10 Lakh Chits 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 | Chits 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 | 37500 | 17500 | 260000(26%) | 300000(30%) | 10000 | 690000 |
| 3 | 1000000 | 2500 | 37500 | 17500 | 260000(26%) | 300000(30%) | 10000 | 690000 |
| 4 | 1000000 | 2500 | 37500 | 17500 | 260000(26%) | 300000(30%) | 10000 | 690000 |
| 5 | 1000000 | 2500 | 37500 | 17500 | 260000(26%) | 300000(30%) | 10000 | 690000 |
| 6 | 1000000 | 2500 | 38500 | 16000 | 200000(20%) | 280000(28%) | 9200 | 710800 |
| 7 | 1000000 | 2500 | 39500 | 14000 | 185000(18.5%) | 260000(26%) | 9000 | 731000 |
| 8 | 1000000 | 2500 | 40500 | 12000 | 170000(17%) | 240000(24%) | 8800 | 751200 |
| 9 | 1000000 | 2500 | 41500 | 11000 | 155000(15.5%) | 220000(22%) | 8600 | 771400 |
| 10 | 1000000 | 2500 | 42500 | 9500 | 140000(14%) | 200000(20%) | 8400 | 791600 |
| 11 | 1000000 | 2500 | 43500 | 9000 | 125000(12.5%) | 180000(18%) | 8200 | 811800 |
| 12 | 1000000 | 2500 | 44500 | 8000 | 115000(11.5%) | 160000(16%) | 8000 | 832000 |
| 13 | 1000000 | 2500 | 45500 | 7000 | 100000(10%) | 140000(14%) | 5000 | 855000 |
| 14 | 1000000 | 2500 | 46500 | 6000 | 85000(8.5%) | 120000(12%) | 3800 | 876200 |
| 15 | 1000000 | 2500 | 47500 | 5500 | 70000(7%) | 100000(10%) | 3400 | 896600 |
| 16 | 1000000 | 2500 | 48500 | 5000 | 55000(5.5%) | 80000(8%) | 3000 | 917000 |
| 17 | 1000000 | 2500 | 49500 | 4500 | 40000(4%) | 60000(6%) | 2600 | 937400 |
| 18 | 1000000 | 2500 | 45500 | 4000 | 25000(2.5%) | 40000(4%) | 0 | 960000 |
| 19 | 1000000 | 2500 | 41500 | 3000 | 10000(1%) | 20000(2%) | 0 | 980000 |
| 20 | 1000000 | 2500 | 52500 | 500 | 0(0%) | 0(0%) | 0 | 1000000 |
| Total | 885000 | 165000 | ||||||
Chits 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 Chits 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 17500 the minimum profit amount set by the company , and paying the remaining amount of rs 35000 .
- 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 .
- Chits 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 Chits 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 .