Why Sri Shakambari Chits Pvt Ltd

  SRI SHAKAMBARI CHITS PVT LTD goodwill and trust with over 6000 happy customers. SRI SHAKAMBARI CHITS PVT LTD retains a long term relationship with its clients from the inception. New schemes are introduced from time to time to meet the financial needs of the customers and fulfil their aspirations. Collection of monthly debts...

The Chit Fund Act

The Chits Funds Act,1982 Be it enacted by Parliament in the Thirty-third Year of the Republic of India as follows: STATEMENT OF OBJECTS AND REASONS 1-A „conventional chit‟ is an old indigenous financial institution involving regular periodical subscriptions by a group of persons. It is, in law, a contract between the subscribers and the...

About Chits

Why Chit Funds? 5 Times better than FD’s Best and most trusted investment plan to meet your short term needs. In simple terms, it could be said as interest free advance* which needs to be paid back as monthly installments, depending on monthly auctions. Effective financial planning helps you to mitigate from huge interests...

Chit Operation

How does chit operate ? 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. For Example if we consider a chit value of Rs.100000/- with...