Title: Digital Payments in Chits
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2- A Chit fund is a kind of savings scheme practiced
in India. A Chit fund company means a company
managing, conducting or supervising, as foremen,
agent or in any other capacity, chits as defined
in Section 2 of the Chit Funds Act, 1982.
According to Section 2(b) of the Chit Fund Act,
1982, Chit means a transaction whether called
chit, chit fund, chitty, kuri or by any other
name by or under which a person enters into an
agreement with a specified number of persons that
every one of them shall subscribe a certain sum
of money (or a certain quantity of grain instead)
by way of periodical installments over a definite
period and that each such subscriber shall, in
his turn, as determined by lot or by auction or
by tender or in such other manner as may be
specified in the chit agreement, be entitled to
the prize amount
www.chitconnect.com
3http//chitconnect.com/
www.chitconnect.com
4Chit fund businesses help both the investors and
also who need loan. While the investor get much
more than what he would otherwise get with Bank
Deposits, the borrower can save lots of interest
in Chit funds. Chit funds are a preferred choice
of many businessmen. At Chit Connect, we
understand your need of having a Software that
can efficiently manage your chit activities. Our
web based Chit Fund Software helps you to monitor
your chit activities and at the same time makes
it easy for your customers to access their
account information from whichever place they are
in.
www.chitconnect.com
5- PHP Based Multiple Branch
- Fully web based
- Member login
- Admin login
- Agent login
- SMS alerts
- Email alerts
- PHP based application
- Multiple branch support
- PHP Based Single Branch
- Fully web based
- Member login
- Admin login
- Agent login
- SMS alerts
- Email alerts
- PHP based application
- Single branch
-
www.chitconnect.com
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