KSFE chit funds- importance-how to join 2022

 

    A chit fund is a saving system. It is a contract between foreman and subscribers.  In this system, write a name on a paper and fold it several times and decide the prize winner. It is called Kuri. The kuries are put in a bowel, mixed well and pick one chit from the vessel.  Read the name and he is the winner. It is removed from the bowl and again repeat the procedure at the next installment. In try each person agrees to remit a fixed amount of money every month.

       In KSFE chitty, the maximum discount is 40 % of chit amount, commission of foreman is 5%. KSFE has mainly two types of chitties. They are single division  chitties and multiple division  chitties. In the single division chitty has only one auction per month. But multiple divisions have 1 lot and 3 auctions every month. 

     In single division chitty has 30% maximum discount and in multiple division chitty discount varies with duration. We will get a 40 % discount for 120 months.

     We can see how to select a chitty from KSFE. If you want to join a KSFE chitty for building a house. you must join the chit accordingly. You should not forget your goal. Join a chit that makes your goal possible. Find out how much you can pay in a month. Then check if you can pay that amount every month until that chit expires.

       You can join a. It helps to get a good amount for your needs. Do not need to give interest. You should try. Chitty is a very good option for you. You can select chit as your need. Firstly, you must make a plan. Then join and invest an amount to the chit. Do not select long term chit. Always select short-term chit for your emergency situation. 

KSFE Online Payment system Available in official website – KSFE ONLINE 

Short term chitties

2500 × 40 = 1 lakhs

5000× 40   = 2 lakhs

5000× 60   = 3 lakhs

12500 × 40 = 5 lakhs

10000 × 50   = 5 lakhs

10000×30   = 3 lakhs  

25000×40   = 10 lakhs

20,000 ×50 =  10 lakhs

Multidivisional chitties

10000× 100 =1000000

10000 ×120 =1200000

5000   ×60   = 30,000

High Depositional chitties

50000×40 = 20 lakhs

1lakh ×30 = 30 lakhs

You should take decisions before joining the chit. 

Leave a Comment