what is the benefit of chit funds

This fund is an powerful monetary device that enables borrowing and financial savings. As a borrowing device, it gives price range for the duration of emergencies or otherwise, and as a financial savings scheme, it presents an low cost go back on investment.

 

Neeladri chit funds private limited Vikarabad. 

Neeladri Chit Fund PVT Ltd. is a Non-govt company, incorporated on 19 Jul, 1988. It's a private unlisted company and is classified as'company limited by shares'. Company's authorized capital stands at Rs 20.0 lakhs and has 68.5% paid-up capital which is Rs 13.7 lakhs.

About our company 

Keeping the needs of customers in mind, we have designed flexible options catering to all. Subscribers can choose from a wide range of chits from Rs. 5,00,000 to Rs. 1,00,00,000 designed to suit a variety of requirements. To become a subscriber, individuals need to fill out an enrolment form, and opt for any of the chit schemes available with monthly instalments ranging from Rs. 12,500 to Rs. 2,50,000. Depending upon the requirement, one may choose the tenure from any of the options listed below

• Long Term Chits (40 months duration)

• Medium Term Chits (30 months duration)

• Short Term Chits (25 months duration)

Subscribers are entitled to bid at the auction even if only one instalment has been paid i.e., the first instalment. However, depending upon the requirement and competition, one can get the bid in any of the instalments. After being declared as successful bidder in the auction, the successful bidder has to submit sureties depending upon future liability either from salaried employees with required basic salary or business people having taxable income or even property mortgage where required. Thereafter, the prize money is released after completing a few formalities. The chit money has to be paid back in remaining easy instalments. The successful bidder earns his or her profit by repaying the monthly instalments excluding the dividends.

Neeladri Chit Fund Private Limited is a registered chit fund with the Registrar of Chits. Click here to view the registration certificate.

Contact us:

If you want to know about neelagiri chit funds full information contact to our suggestion employees G. Anil Vikarabad Feel free to contact him below WhatsApp chat button is there click on that button.