ఆర్థికంగ ఎదగడానికి అద్భుతమైన అవకాశం

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Pavanasutha Chits has been designed to provide total customer services online. You can now complete all the formalities of joining a chit scheme in the luxury of your home. Online Application Online enrollment form for subscribers. Enquiries Subscribers can make any specific enquiry here. Complaints / Suggestions Subscribers are always welcomed if they have any suggestions and can raise their doughts and complains through online To avail following services to our subscriber through their login ID. For login ID and password contact to your branch office.

  • Subscriber Status.

  • Request for change of Address.

  • Dividend Enquiry

  • Subscription pickup; Subscribers can request for their subscription form 

    Payments

  • Payment has to be made in the form of DD/Cheque/Cash only. However for subscribers will be called by front office executives and fix a date and time as per subscriber flexibility and send collection executives to you for the payment.

  • Cheque payments are subjected to realization.

Subscriber can request pickup of their subscription. Agent Categories Benefits/Rewards Agents Enroll as an AGENT of the legendary Pavanasutha Chits. Reach new heights of excellence and prosperity. Join the family of Pavanasutha chits as an Agent and shape the financial dreams of the world around you. Incentives Commission up to Rs.50,000/- per month + Reimbursement of Travel and Phone Expenses + Loan for Buying Two – Wheeler + Awards and Rewards for Excellence in Performance. General Information Pavansutha chits provides a good source of finance for different type of people viz., small investors, businessmen, small scale industrialists etc. CHITS is a good means of savings for any contingency requiring substantial amount. It serves all persons whether they desire for savings or borrowing to meet extraordinary expenses on special occasions like Marriages, Construction of houses etc., Adequate care is necessary to choose a suitable Group. The selection of a particular Group, largely depends on the subscriber’s capacity to provide surplus funds month after month from his normal income for this purpose. This aspect is very important for the subscriber as well as the company’s point of view to avoid any embarrassment at the time of releasing the prize money or in releasing chit installments month after month.

  1. What is a Chit?

It is a CONTRACT between the foreman, as the Promoter is called, and the subscribers, who join voluntarily. It is a FINANCIAL SYSTEM under which the periodical and regular savings of a group of subscribers are made available to each subscriber, a SPECIFIED AMOUNT every month (installment) for a SPECIFIED PERIOD. 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. The amount foregone as discount, less foreman’s commission is distributed among the subscribers as dividend.

  1. What is a Chit group?

A Chit group refers to a specified number of members agreeing to subscribe a specified amount for a specified period. For example, 40 members, 40 months, Rs.500/- a month. The number of members and the number of months are to be the same.

  1. Who is a foreman?

Any person under the Act responsible for the conduct of the chit and includes any Person, such as branch manager, discharging his functions.

  1. Is the contract of the subscribers with the foreman valid for an indefinite period?

No. It is valid only for the duration of a CHIT GROUP and until the liabilities of subscribers to foreman or vice versa are discharged or paid in full.

  1. What are the benefits of chit Subscribers?

  2. a) To save in small amounts to receive a lump sum during the period of chit. b) To borrow the future savings in advance. Some subscribers join chit funds to borrow and others to save.

  3. What is Chit agreement?

The Chit agreement is a contract between the foreman and the individual subscribers to a chit group. It is a set of bye-laws or regulations dealing with the procedure for the conduct of chits. It will be signed in duplicate, duly witnessed. The chit agreements shall contain the name and address of the subscriber, the number of tickets allotted to him, the number of installments and the installment amount payable, the interest/penalty for delayed payment, the probable date of commencement of chit and its duration, the manner of deciding the prize winner at each instalment, the maximum discount to be foregone at each installment, the mode and proportion of dividend and foremans commission, the date, time and place of auction, the installment at which the foreman is to get the chit amount, the name of the bank, the security to be furnished by prized subscriber etc., Though each subscriber is supposed to sign the chit agreement, in practice, each subscriber signs a declaration in the application form that he has read and understood the terms and conditions of the Chit Agreement. The declaration of all the subscribers are detached from the application form, pasted in a piece of paper and filed with the registrar.

  1. How are the subscribers enrolled for a group?

The subscribers have to fill in an application form furnishing particulars of their names, residential and office addresses, approximate gross monthly salary, names of nominees and their relationship to them. They also have to sign the declaration that they have read and understood the terms & conditions of the Chit Agreement.

 

 

 

. Excellent opportunity to grow financially