The main objective of the company is to conduct chits as per Kerala Chit Fund Rules under the central chit fund Act. Even though the entire chit sector is facing awkward challenges, the company is conducting new chits in a flourishing way. Since the inception in April 2014 the company could start 27 series of different chits. The company’s security deposit with the registrar of chits amounts to RS 1 Crore 36 lacs as on day.

Foremen commission is 5%only

Maximum auction discount including commission is 40%

Auction discount is equally distributed among the subscribers

Simple security norms

More profitable than any other loans

South Indian Bank
A/c No. 0030073000050362
IFS Code: SIBL 0000030

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