Here's the recent articles submitted by santhosh kumar
Articles By santhosh kumar
What Is Chit Fund?
By: santhosh kumar
A Chit fund is a kind of savings scheme practiced in India. A chit fund company is a company that manages, conducts, or supervises such a chit fund, as defined in Section of the Chit Funds Act, 1982. According to Section 2(b) of the Chit Fund Act, 1982(read
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Category : Hardware/Software
How Chit Fund It Works?
By: santhosh kumar
Chit funds operate in different ways, and this may lead to many fraudulent tactics practised by private firms. The basic necessity of conducting a 'Chitty' is a group of needy people called subscribers.(read
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View : 279 Times
Category : Hardware/Software
Chit Fund Acts
By: santhosh kumar
Chit funds in India are governed by various state or central laws. Organised chit fund schemes are required to register with the Registrar or Firms, Societies and Chits.(read
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Category : Hardware/Software
Special Purpose Funds
By: santhosh kumar
Some chit funds are conducted as a savings scheme for a specific purpose. An example is the Deepavali sweets fund, which has a specific end date about a week before Deepavali. Neighbourhood ladies pool their savings each week.(read
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Category : General
General Chit Fund Features
By: santhosh kumar
The word 'Chit', suggests the origin of Chit Funds. 'Chit' means a written note on a small piece of paper.(read
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Category : Hardware/Software
Chit Fund Working Model
By: santhosh kumar
n India, if the value of the chit run by a chit fund operator exceeds Rs. 100 and is not registered, it is considered to be an illegal chit fund. Every institutionalized and registered chit fund is safe and sound and offer greatest support to its customers. Before understanding the working model of chit fund, let us know few terminologies which are specifically used in the working of such schemes.(read
entire article)
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Category : Hardware/Software
Cost And Return On Chits
By: santhosh kumar
Our examination of the cost and returns on Chits has revealed that the economics of Chits lie in viewing them as savings-cum-borrowing instruments.(read
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View : 276 Times
Category : Hardware/Software
History Of Chit Funds
By: santhosh kumar
Chit Funds are indigenous financial institutions unique to South India and predating commercial banks. They have stood the test of time, as evidenced by the growth in the number of chit fund companies in the South.(read
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Category : Hardware/Software
What Are The Sureties To Be Submitted?
By: santhosh kumar
A member can give sureties depending on the future liability of the chit.(read
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Category : Hardware/Software
Chit Vs Other Financials
By: santhosh kumar
A Fixed deposit is accepted for a pre-determined time period. Interest paid by banks range between 7.5-9.5% and is dependent on government regulation.(read
entire article)
View : 290 Times
Category : Hardware/Software
