KSFE Pravasi chitty is a financial savings scheme . It was launched by the Kerala government . The main aim of this scheme is Welfare of Malayalees abroad. The KSFE Pravasi chitty scheme will get insurance coverage and pension plan. Kerala government launched a new software to join Pravasi chitty. We can pay installment and take part in the chiti option easily. It will promote savings among NRI to improve the economic stability of ourstate. This chitty is different from other financial instruments. It is a risk free scheme. KSFE conducts Chitties fully governed by provision of Central Chit Fund act. You can join the chitty fund in the installment per month range from Rs 1000 to 5,00,000.
You can select the duration of chitties such as 30 months, 40 months ,50 months ,60 months and 100 months. The periodic subscription of the chitty f is called prize money.It helps to get maximum reduction in the prize money. 25% reduction possible as per the chitti act. If there are more than one person for reduction such bidders will be put to a draw. Each subscriber gets an opportunity to receive the prize money.You can join this chitty through all banks. You should sign an agreement before join this chitty. You can pledge gold, land,house, LIC ,salary certificate, etc.you can pledge any valuable thing for this chitty.
Advantages
- Transparency
- Advanced technology
- Online payment
- Online auction
- Easy online process
- 24 hour available customer care support .
- Do not need to go to direct and submit the pledge.
You can register Kerala KSFE Pravasi chitty online. You can join through websites and mobile apps.
Documents
- Passport
- Visa
- Expat ID
- Adhar card
How to register KSFE pravasi chitty online
- Visit the official website of Pravasi KSFE scheme.
- Click the register now option.
- You can select a new user .
- Select the residing country.
- If you are outside of India you can register using an Aadhar card.
- Other state residential proof is mandatory.
- You can select the proceed button.
- Enter citizenship, country, residing country, passport number, expiry date,OCI number,phone number.
- Click the register button,
- Click verify with norka button.
- You can make a customer login button using username and password.
- You can register using name, address,email ID,OTP,Passport,visa copy,emirates ID copy,national ID,etc.
- It has KYC verification and bank verification after the registration. You can select the chitty ,you can join and pay the installment.
You Will get two gifts from KSFE. They are insurance coverage and kshemanidhi pension.If you select the insurance coverage, you will get death coverage up to Rs 10 lakhs. In kshemanidhi pension, you should pay Rs 300 for 5 years,after 60 yrs you will get pravasi kshemanidhi pension. You can select a more apt option.
It has a safe online auction room .you can join the auction simply.It provides customer satisfaction. You can ask your doubts also. You can contact through social media and whatsapp.you can pay installment using internet banking. It has a completely digital platform for security processes. It will waive the liability of chit up to Rs 10 lakhs.you will get insurance also. They will pay monthly premiums for pension till the termination of chitty. You will get perfect satisfaction through this scheme. It is very simple and manageable.
You can take chitty and close the loan amount. You can save a good amount of money. You can join the KSFE pravasi chitty and after 1 year you can buy vehicles, houses, etc. It is a good saving option. You can save a fixed amount. You will get a dividend and a reduction of fixed deposit amount.
If you substitute chitties, you will get the amount after the period of time. You don’t lose your money. You will get money within one month. When you get money, they transfer it to your bank account. You will get a chittal number. You will get 8 % for a fixed deposit. But it has a 30 % tax from this 8% .we can remove this tax. You can submit 15E,15H forms for tax return. KSFE helps you to tax return.