Samudyatha Chits Pvt. Ltd is a company registered under companies act 2013 and is incorporated in accordance with the Chit Fund Act 1982 and chit Fund (Karnataka) rules 1983. This group is committed and has earned reputation in the field of finance. With wide range all our chit schemes are registered. Schemes suit the need of every customer. We make you understand the process of chit operations so that you can plan your investments better. Pls click on the video link to know more and in detail.
There is a new chit group that is commencing. The value of the chit is 100,000. This amount is known as the Chit Value.
For the purpose of this illustration, we will consider the duration of the chit to be 20 months. This is known as term period for the chit group.
The Foreman or Chit Fund Company has to gather 20 people who are interested in investing in this chit group. These 20 persons are called Subscribers.
