Jaya Sulochana Chit Fund Private Limited is a private limited company based in Chennai, India . We have a extensive chit sales and customer service network close to 1500+ clients in south India. Jaya sulochana suggest the best plan that could help you to achieve your goals. Jaya Sulochana Chit Fund Private Limited is a mca provider company with the industrial and NIC / SIC code of 65992 as per the official records. The company is duly registered at Registrar of Companies, Chennai (RoC-Chennai).
18 YEARS OF EXCELLENCE
It is also known as chit, chitty or kuree. Chit fund is an excellent financial instrument for both – saving and borrowing. As a savings instrument, it gives a good return on investment, and as a borrowing scheme, it can be a reliable source of funds in emergencies and can fulfil other needs
It’s a group of people where start to save for a certain period of time(eg:20 months = 20 members) each and every month there will be a chit action.In that every members can bid and the highest bidder will receive the price amount.(eg if the highest bidding is 25000 for 1 lakh chit the member will receive 75000,the bidded amount will be distributed to the members of the chit group equally)
Chit will provide a good financial source to the members like small business owners,MSMEs The member or the subscriber of the chit who bids the chit at the final month of the chit will have a good returns compared to Recurring deposits.