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Chits Funds Finance, Chits Funds Agreement,kuries

Chit Fund Software Bangalore is a online web based software built especially for Chit Fund company with automatic posting of business data to accounts module. Websoftex Chit Fund Software is a .NET based centralized database online software for Chit Fund company with core Chit Fund operations such Monthly Income Schemes, Dividend declarations, Management of Cheque book, Passbook, and Bond. Websoftex Chit Fund Software handles all kind of Chit Fund operations .

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Chits Funds Finance, Chits Funds Agreement,kuries

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  1. CHIT FUND INVESTMENT CHITTY INVESTING SAFETY SOFTWARE

  2. CHITTY It is a contract between the managers, because the Promoter is named, and also the subscribers, World Health Organization are a part of voluntarily. For example, 20 members, 20 months, Rs.5000/- a month. Range (the quantity} of members and also the number of months square measure to be constant.

  3. CHITTY Chit is a mutually beneficial scheme where in a group of people contributes towards the chit value and one member from the group is given the prize amount and the dividends are distributed to all the other members. Every month, one subscriber can get the collected quantity supported a bidding system.

  4. INVESTMENT & ADVANTAGES Chit Funds have the advantage both for serving a need and as an investment. Money can be readily drawn in an emergency or could be continued as an investment. Interest rate is determined by the subscribers themselves, based on mutual decisions and varies from auction to auction.

  5. INVESTMENT & ADVANTAGES The money that you borrow is against your own future contributions. The amount is given on personal sureties too; unlike in banks and other financial institutions which demand a tangible security.

  6. INVESTMENT & ADVANTAGES Chit funds can be relied upon to satisfy personal needs. Unlike other financial institutions, you can draw upon your chit fund for any purpose – marriages, religious functions, medical expenses, children’s education, etc. Cost of intermediation is the lowest.

  7. SAFETY IN CHIT FUNDS With the excessiveness of invoice fund firms around, the protection of a coupon fund lies in selecting the correct one. In an exceedingly registered invoice fund company, below legal binding, the activities area unit regulated and institutionalized by the invoice Fund Act. And therefore may be thought of safe.

  8. SAFETY IN CHIT FUNDS However, different unregistered firms operational informally do exist. One has to exercise caution whereas selecting wherever he needs to speculate. Chit funds undoubtedly area unit a lovely choice for normal saving.

  9. SAFETY IN CHIT FUNDS It inculcates a disciplined approach to money designing. it's the supplemental advantage of transportation a mixture of savings further as trouble free borrowing. This twin purpose investment tool may be a disciple in want every now and then of surprising money emergencies.

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