Which is the best chit funds in India?

Published by Charlie Davidson on

Which is the best chit funds in India?

Some of the most famous and successful chit fund houses are:

  • Mysore Sales International – Government of Karnataka.
  • Kerala State Financial Enterprise (KSFE) – Government of Kerala.
  • Shriram Chits – Shriram Group.
  • Margadarsi Chits – Ramoji Rao Group.

How does Sri Ram chits work?

The Pooled funds every month are offered to the subscribers at monthly AUCTIONS and the subscriber who BIDS for the highest DISCOUNT is declared the PRIZE WINNER and given the PRIZE AMOUNT on proper security. A Prized subscriber also should continue to pay the subscriptions till the termination of the chit.

How do I pay Shriram chits?

Enter your Subscribers ID,Mobile Number and Email ID then click on ‘Confirm’ You will get your Name and Total Dues on next screen then Enter the Amount to pay and click on ‘Submit’ You will be securely redirected to the company payment interface of your chosen option (ie Debit/Credit Card/Net Banking)

Who is the owner of Shriram Finance?

Shriram Group is an Indian conglomerate founded on 5 April 1974 by Ramamurthy Thyagarajan, AVS Raja and T. Jayaraman….Shriram Group.

Type Conglomerate
Headquarters Chennai, India
Area served India
Key people Ramamurthy Thyagarajan (chairman)
Revenue ₹ 1.06 lakh crore (US$ 14 billion) (2020)

What is the interest rate of Shriram Finance?

Shriram Transport Finance Company Limited offers different Fixed Deposit (FD) schemes at attractive interest rates and a tenure of up to 60 months….Domestic Term Deposits (Up to Rs. 5 crore): Cumulative Deposit.

Tenure Monthly Interest Rate (p.a.)
24 months 6.54%
36 months 7.25%
48 months 7.34%
60 months 7.48%

Is Shriram Transport safe?

Is it safe to invest in Shriram Transport Finance Fixed Deposits? STFC FD is rated FAAA/Stable by CRISIL and MAA+ with Stable Outlook by ICRA. These ratings indicate high credit quality which in turn means a higher degree of safety.

How is Shriram Chits responding to my complaints?

So far so good – The company responded to our notifications and is working on resolving complaints. I raised compliant Regarding payment pending for my chits (Ticket 13) allotted on Feb 2021 but still now not received.

How old is the Shriram Chits accounting system?

Using state-of-the-art technology and a transparent accounting system, Shriram Chits has transformed this 3,000 year old instrument into an attractive, contemporary alternative to the Banking System.

How many branches of Shriram Chits are there?

Shriram Chits started operations in 1974 with a single branch. Today, our Chit Companies operate in Andhra Pradesh, Karnataka, Maharashtra, Puducherry (Pondicherry) and Tamil Nadu, through 465 Branch offices, employing 6,000 people and 65,000 Agents.

How much does it cost for Shriram Chits in Hyderabad?

For prized chits in similar chits with Shriram Chits, Hyderabad, where the company charges only Rs.25/- towards documentation apart from a collection of Service Tax, in case of re-deposits of the prized Money with Shriram group companies.

Categories: Contributing