New Groups
| Chit Value (Rs) | Duration (Months) | Monthly Subscription (Rs) |
|---|---|---|
| 500000 | 50 | 10000 |
| 1000000 | 50 | 20000 |
| 2000000 | 50 | 40000 |
| 500000 | 25 | 20000 |
| 100000 | 25 | 4000 |
| 300000 | 30 | 10000 |
About
The Company
- We at Sree Rama Charana tend to grown as your trusted partner over the years and so build a sizeable list of loyal members.
- This is a company registered under the Chit Fund Act, 1982. making Sree Rama Charana Chits the 100% safest option.
- With a resolve to build an institution based upon the two important traits required in the success of any savings institution: Trust and Sincerity.
- We are built upon a foundation of trust which has been created over the years while working with many satisfied customers.
- We also tend to provide prompt service and speedy disbursals of payments.
- We believe that trust is the most valuable thing and hence we are all geared to rejuvenate the industry with innovative and enterprising solutions, adding fresh perspective and providing new directions to increase market share.
Do not save what is left after spending, but spend what is left after saving.
– Warren Buffett
How it Works
How Chits Work
Chit value:
- Consider there is a new chit group that is commencing. The value of the chit is 500,000. This amount is known as the Chit Value.
Chit period:
- For the purpose of this illustration, we will consider the duration of the chit to be 50 months. This is known as term period for the chit group.
Subscribers:
- The Company would organise 50 people who are interested in investing in a chit. These 50 persons are called Subscribers.
More about the Company
Why this company?
Organised
Previously we have received a lot of appreciation for the speed at which we are able to disburse funds, particularly from members who have overcome financial emergencies.
Most Trusted
Committee of Sree Rama Chit Funds have dealt with many clients previously and is the safest as registered chits company.
Customer Attentive
We offer multiple schemes that are designed to suit salaried individuals, professionals and business owners.
Financial Growth
We have played a major role in facilitating growth in business and growing capital assets for our members.
Large choice of Chits
Our plans are subsciber friendly and have been designed keeping you in mind so you can decide on the amount from our wide range of choice that suits your financial goals.
F.A.Q
Frequently Asked Questions
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Who can subscribe to chit funds?
Any regularly earning member of a family can become a member of the Sree Rama Charana Chits community, as also business-persons, traders, institutions and entrepreneurs.
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What is a chit fund? and how it works?
It is a savings vehicle which enables participative savings. Each scheme has fixed number of members who save a fixed amount for a fixed period. Every month the scheme-runner, conducts an auction for the benefit of the members. It is run as a reverse-auction where the "Prize Amount" is bid on discounts to it. This discount is shared equally among the members A ceiling on the auction at 30% has been set. Each scheme is registered with the State Govt, as required under regulatory rules and the entire scheme value is placed as FD the with Registrar of Chits Govt. of AP, thereby assuring that the members' money is secure. It is a savings vehicle which enables participative savings.
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Why invest in Chit Fund?
- This allows you to invest as per your needs and spending habits
- Steady returns because dividends are earned every month
- Inculcates the habit of compulsory and regular saving every month
- A subscriber can bid for the amount he requires in financial exigencies
- You can get funds in a timely manner without the hassles of extensive paper work.
- Investments are not affected by any market conditions
ALLOWS YOU TO INVEST
STEADY RETURNS
REGULAR SAVING
FINANCIAL EXIGENCIES
HASSLEFREE DOCUMENTION
MARKET CONDITIONS
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Is My Money Safe?
Yes it is! Chits conducted are governed by the Chit Fund Act 1982. Thereby, it is regulated by the Registrar of Chits and your money is absolutely safe. The aggregate value of each chit scheme is to be deposited with the Registrar of Chits.
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How do I become a member?
Sree Rama Charana has devised various schemes to suit everyone’s budget. Whether you are a salaried person, businessman, lawyer, architect or any professional, we have schemes to suit everyone’s needs. You can choose any of our schemes when you get in touch with us.
