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/Fixed 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 | 30% | 35% |
| 8 | Maximum Bidding Amount | ₹ 1,50,000 | ₹ 1,75,000 |
| 9 | Auction Profit Distribution Amount | ₹ 1,50,000 | ₹ 1,50,000 |
| 10 | Chit Prized Amount | ₹ 3,50,000 | ₹ 3,25,000 |
| 11 | Per Person Individual Distribution Auction Amount | ₹ 7,500 | ₹ 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 | ₹ 19,000 | ₹ 17,500 |
| 15 | Final Chit Amount at End of Group | ₹ 5,00,000 | ₹ 4,75,000 |
| 16 | Company Commission Percentage | 6% | 5% (5.27%) |
| 17 | Per Person Company Commission Amount for 20 Months | ₹ 30,000 | ₹ 25,000 |
| 18 | Actual Profit For 5Lakh Chit Value | ₹ 50000 (10%) | ₹ 44250 (8.85 %) |
| 19 | Total amount of payable chit installments for 20 months | ₹ 4,50,000 | ₹ 4,30,750 |
| 20 | Chit Value Contract Document as per Chit Funds Act, 1982 | Will Get | Will Not Get |
| 21 | List of 20 Registered Members with Government | Will Get | Will Not Get |
| 22 | Copy of Security Deposit for Chit Group Registration | Will Get | Will Not Get | 23 | Certificate issued by the Government Registration Department for Conducting Group Auction | Will Get | Will Not Get |
| 24 | Insurance for Monthly Installment | Will Get | Will Not Get |
| 25 | Group Details Accessible Using Username and Password | Will Get | Will Not Get |
