Dhantirth CHIT FUND Pvt.Ltd.
2 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 | 200000 | 500 | 10500 | 1 | 0(0%) | 0(0%) | 0 | GOV FD |
| 2 | 200000 | 500 | 8500 | 2000 | 40000(20%) | 60000(30%) | 2000 | 138000 |
| 3 | 200000 | 500 | 8550 | 1950 | 39000(19.5%) | 58000(29%) | 1950 | 140050 |
| 4 | 200000 | 500 | 8600 | 1900 | 38000(19%) | 56000(28%) | 1900 | 142100 |
| 5 | 200000 | 500 | 8650 | 1850 | 37000(18.5%) | 54000(27%) | 1850 | 144150 |
| 6 | 200000 | 500 | 8700 | 1800 | 36000(18%) | 48000(24%) | 1800 | 150200 |
| 7 | 200000 | 500 | 8750 | 1750 | 35000(17.5%) | 46000(23%) | 1750 | 152250 |
| 8 | 200000 | 500 | 8800 | 1700 | 34000(17%) | 44000(22%) | 1700 | 154300 |
| 9 | 200000 | 500 | 8850 | 1650 | 33000(16.5%) | 42000(21%) | 1650 | 156350 |
| 10 | 200000 | 500 | 9000 | 1500 | 30000(15%) | 40000(20%) | 1600 | 158400 |
| 11 | 200000 | 500 | 9150 | 1350 | 27000(13.5%) | 43000(17%) | 1550 | 164450 |
| 12 | 200000 | 500 | 9300 | 1200 | 24000(12%) | 32000(16%) | 1500 | 166500 |
| 13 | 200000 | 500 | 9450 | 1050 | 21000(10.5%) | 30000(15%) | 1400 | 168600 |
| 14 | 200000 | 500 | 9600 | 900 | 18000(9%) | 28000(14%) | 1300 | 170700 |
| 15 | 200000 | 500 | 9750 | 750 | 15000(7.5%) | 26000(13%) | 1200 | 172800 |
| 16 | 200000 | 500 | 9900 | 600 | 12000(6%) | 20000(10%) | 1100 | 178900 |
| 17 | 200000 | 500 | 10050 | 450 | 9000(4.5%) | 16000(8%) | 1000 | 183000 |
| 18 | 200000 | 250 | 10200 | 300 | 6000(3%) | 12000(6%) | 900 | 187100 |
| 19 | 200000 | 250 | 10350 | 150 | 3000(1.5%) | 8000(4%) | 800 | 191200 |
| 20 | 200000 | 250 | 10500 | 0 | 0(0%) | 0(0%) | 0 | 200000 |
| Total | 179500 | 22850 | ||||||
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 1 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 1000 the minimum profit amount set by the company , and paying the remaining amount of rs 4250 .
- 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 .