In short chit funds are saving cum borrowing schemes, where member or subscriber agrees to contribute fixed amount every month for the fixed period. The total amount contributed by subscribers shall be auctioned and given as prized money to needy subscriber every month.
| CHIT TARIF | ||||
|---|---|---|---|---|
| Group | Chit Value | Members | Months | Monthly Due |
| SS1A | 50,000 | 10 | 10 | 5,000 |
| SS2A | 50,000 | 20 | 20 | 2,500 |
| SS1B | 1,00,000 | 10 | 10 | 10000 |
| SS2B | 1,00,000 | 20 | 20 | 5000 |
| SS1C | 2,00,000 | 10 | 10 | 20,000 |
| SS2C | 2,00,000 | 20 | 20 | 10,000 |
| SS1D | 3,00,000 | 10 | 10 | 30,000 |
| SS2D | 3,00,000 | 20 | 20 | 15,000 |
| SS1E | 5,00,000 | 10 | 10 | 50,000 |
| SS2E | 5,00,000 | 20 | 20 | 25,000 |
| SS1F | 10,00,000 | 10 | 10 | 1,00,000 |
| SS2F | 10,00,000 | 20 | 20 | 50,000 |
| SS1G | 20,00,000 | 10 | 10 | 2,00,000 |
| SS2G | 20,00,000 | 20 | 20 | 1,00,000 |
| SS1H | 25,00,000 | 10 | 10 | 2,50,000 |
| SS2H | 25,00,000 | 20 | 20 | 1,50,000 |
| SS1J | 50,00,000 | 10 | 10 | 5,00,000 |
| SS2J | 50,00,000 | 20 | 20 | 2,50,000 |