Corporate Identity No: U65992PN2012PTC143624
NAGASHIVA CHIT FUND PVT LTD
A Government Registered ChitFund Company
A Government Registered ChitFund Company
| Sr.No. | Our Unique Services | Nagashiva Chit Fund Company | Other Chit Fund Company |
|---|---|---|---|
| 1 | Method of Running a Chit Auction | Auction Scheme | Auction/Fixed Scheme |
| 2 | Chit Value | ₹ 5,00,000 | ₹ 4,75,000 |
| 3 | Number of Months & Members | 20 | 20 |
| 4 | Monthly Installment for Chit Value | ₹ 25,000 | ₹ 23,750 |
| 5 | Monthly Company Commission per Person | ₹ 1,500 | ₹ 1,250 |
| 6 | Monthly Installment + Company Commission | ₹ 26,500 | ₹ 25,000 |
| 7 | Maximum Bidding Percentage | 35% | 35% |
| 8 | Maximum Bidding Amount | ₹ 1,75,000 | ₹ 1,75,000 |
| 9 | Auction Profit Distribution Amount | ₹ 1,75,000 | ₹ 1,50,000 |
| 10 | Chit Prized Amount | ₹ 3,25,000 | ₹ 3,25,000 |
| 11 | Per Person Individual Distribution Auction Amount | ₹ 8,750 | ₹ 7,500 |
| 12 | Company Commission Included in Installment Amount | ₹ 1,500 | No |
| 13 | Company Commission in Auction Amount | No | ₹ 1,250 |
| 14 | Second Month Payable Amount | ₹ 17,750 | ₹ 17,500 |
| 15 | Bonus Will Be Available if the Installment Amount is Paid on the Auction Date | ₹ 2,050 | No |
| 16 | Final Chit Amount at End of Group | ₹ 5,00,000 | ₹ 4,75,000 |
| 17 | Company Commission Percentage | 6% | 5% (5.27%) |
| 18 | Per Person Company Commission Amount for 20 Months | ₹ 30,000 | ₹ 25,000 |
| 19 | Minimum Profit | ₹ 62,675 (12.54%) | ₹ 0 (0%) |
| 20 | Maximum Profit | ₹ 85,000 (17%) | ₹ 69,250 (14.58%) |
| 21 | Actual Profit For 5Lakh Chit Value | ₹ 55000 (11%) | ₹ 44250 (8.85 %) |
| 22 | Total amount of payable chit installments for 20 months | ₹ 4,45,000 | ₹ 4,30,750 |
| 23 | Chit Value Contract Document as per Chit Funds Act, 1982 | Will Get | Will Not Get |
| 24 | List of 20 Registered Members with Government | Will Get | Will Not Get |
| 25 | Copy of Security Deposit for Chit Group Registration | Will Get | Will Not Get |
| 26 | Online Group Auction Viewing for 30 Days and Can Ask Bidding | Will Get | Will Not Get |
| 27 | Lucky Draw Method Viewable Online Anytime | Will Get | Will Not Get |
| 28 | It Can Be Seen Which Member has Received the Amount Paid by the 20 Members Each Month. | Will Get | Will Not Get |
| 29 | The List of Those who have Taken and Those Who have Not Taken a Chit Amount in the Group Can be Viewed | Will Get | Will Not Get |
| 30 | Insurance for Monthly Installment | Will Get | Will Not Get |
| 31 | Group Details Accessible Using Username and Password | Will Get | Will Not Get |
