Chit funds is a very interesting process that gives the elapse of both saving and borrowing methods. The members of the chit fund can engage in spending a monthly amount which they will get back at the maturity date. There are more than 10,000 registered chit funds. Recently, many chit funds have been growing in the well organised way.
Coming to the question,
Do chit fund members get more in return when they pay less? The answer is everyone in the chit pays equally. But, the trick is when a member takes chit early, he/she will end up paying more. At the same time, when the member waits till the end, he/she will pay less and get more.
This is the mechanism behind the chit funds. Use it wise and bring many beneficial outputs using the best saving scheme named chit funds.
For more information and discussion click here : Chit Fund Software Live Demo or contact us at toll free: 1800–200–1766 / 7397723052.
No comments:
Post a Comment