Safe Chit
As time passes, our growing list of clients reflects the trust reposed on us. Likewise, does our commitment to keep up your faith in us. As time passes, our growing list of clients reflects the trust reposed on us.
Best Services
Helping Create Wealth. Empowering people through prosperity. Resulting in inclusive growth. Helping Create Wealth. Empowering people through prosperity. Resulting in inclusive growth.
Our Value
Financial planning is mandatory for every one. It is sensible to earmark a small amount from your business/income every month as a reserve to face any contingencies in business such as price fluctuations,
JUST CALL SAVINGS CHIT FUND
Chit-Funds are one of the best methods of saving cum borrowing of money during urgency. We are named as one of the best Chit Fund Companies in Chennai. The concept of Chit Fund is based on the ideas of mutuality and trust, by which a group of subscribers participate in a scheme to contribute fixed periodical amounts and distribute the amount so collected, in rotation, to each of the participants.
JUST CALL SAVINGSs acts as a trust worthy bridge between the customers and collects specific periodic subscriptions from each member of a chit fund group. The total of the periodic subscriptions, minus company commission, is given out periodically as bid amounts to any one member of the chit group, identified by auction.
JUST CALL SAVINGSs offers chits varying from 20 months and 30 months periodical installment. Each customer will receive the bid amount or money amount only during the chit period.
FAQ :
What are the modes of payment?
Customers can make payments by cash, UPI, NEFT AND IMPS.
When can I participate in the auction?
A member can participate in auction right from the first auction itself, only if he or she has made the payments up to date.
What is the purpose of bidding?
In every chit group some members will be in need of money. So all the members who are in need of money will be participating in the auction for bidding. The purpose of bidding is to declare the successful bidder who gives the highest bid amount (Not exceeding maximum limit) within the specified auction time.
What is the benefit from saving in chit?
There will be a compulsory saving which will earn dividends every month. Even if you take at the last month, the total dividends earned will be more than the bank interest rate.
How soon can I expect the payment once I bid the chit?
Once the documentation and verification is complete, which scrutinizes the document in all aspects, and if the document is found to be satisfactory payment is released.
A Chit is the Only Financial Product that allows you to Save and Borrow.
The non prized subscriber who is a saving member up to the last installments gets dividend which is comparatively higher than the interest that are accrued by way of Recurring Deposit Schemes.
How it Works,
The basic necessity of conducting a ‘Chit’ is a group needy people called subscribers. The foreman, the company or person conducting the chit, bring these people together and conducts the chit. The foreman is also responsible for collecting the money from subscribers, presiding over the auctions, and keeping subscriber records. He is compensated by a fixed amount (generally 5% of gross chit amount) monthly for his efforts. Other than that, the foreman has no specific privileges; he is just a chit subscriber. A simple formula depicts the pattern of the chit.
Terms & Conditions :
- ID proof with communication address should be submitted
- Customer can make their payment as daily, monthly or weekly as per their selection
- Customer must provide the cheque to claim the auction amount if can't provide Auction amount will not be provided.