Yes, Shardhi Chit Funds Pvt. Ltd has been the licensed chit fund company in the State of Karnataka, registered under the Chit Funds Act 1982, under the purview of the Reserve Bank of India and the Registrar of Companies. Therefore, your investment in Shardhi Chit Funds is safe, legal and secure.
FREQUENTLY ASKED QUESTION
Got Any Questions?
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Is my Investment in the Chit Schemes Safe?
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Does the Company ensure prompt disbursement of payments?
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Whether the company has a professional management team?Yes, The Management team comprises of Board of Directors, known for their business acumen, who plan the company’s strategies and policies. The professional management team has a dedicated staff force at all levels working under computerized environment, to take care of the day-to-day business in a smooth and efficient manner.
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Can I plan for my working capital, Business expansion, House construction, Marriage, Purchase of Vehicle or any consumer durable through chits? Will it be more expensive than other financing alternatives?Yes, Financial planning for capital goods purchase may be tailored through chits in a manner that if flexible and convenient. Chits are more a product of advance planning and financial discipline. No wonder then that chits work out to be less costly than other means of financing.
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Are the monies deposited in the company properly accounted?The transactions are updated in the pass book and receipts are also issued and along with ledger statement.
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When can be a subscriber eligible to receive the dividend?After paying the installments for the first two months, a subscriber is eligible to receive dividend from third month onwards, which is credited to their chit account.
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How will the chit auction take place?The chit auction duration is 5-15 minutes or earlier. One who bids maximum amount is considered to be the prized bidder. In case of more than one person opts to maximum of 30 percent, the prized subscriber is decided by draw. The maximum bit permitted is 30% and minimum is 5% of the chit value.
