||CHIT SALA (RS)
Salient features of the scheme :-
- Only 2.5% commission will be charged by the company while other groups charge 5% commission
- The subscriber can start participating in the auction from the second month and dividend will be divided into all the subscribers from 3rd month onwards till last month
- Auction is conducted on every 3rd Sunday from 3:30 PM onwards with minimum bid amount of 2.5% of the chit amount and maximum being 30%
- Release of payment will start from the next day of auction and completion of surety documents.
- Monthly subscription can be paid upto 20th of the month and the payment can be done easily through branches or by NEFT/RTGS/Net banking
- Fully computerized instant onscreen live Auction procedure and the subscriber can participate directly or through proxy.
- Option to provide bid through email and website till 10:00 AM on the day of auction
- All the information regarding auction result and payment is provided to the subscribers through mail or messages and it is also updated in the website
Interested members are requested to refer the Rules & Regulations / Instructions.