JANASNEHI (MALAVALLI) CHITS PRIVATE LIMITED
Janasnehi Chits Pvt Ltd is registered under the Chit Fund Act of 1982 according to Section 2(b) of the Chit Fund Act, 1982. We have more than 15 years of experience in this field. The company and its subsidiaries popularly known as “JANASNEHI (MALAVALLI) CHITS”. The activities of a registered Chit Fund company are registered by the Chit Fund Act making Janasnehi Chits the 100% safest option.
WHAT IS CHIT FUNDS ?
Chit funds are governed by the Chit Funds Act, 1982, a law that regulates their functioning in India. They are a financial system where members contribute monthly to a common pool, and one member receives the total through bidding or a draw. This system blends saving and borrowing, built on trust and mutual benefit.
BENEFITS OF CHIT FUNDS
Financial planning is mandatory for everyone. It is sensible to earmark a small amount from your business/income every month as a reserve to face any possibility.
1. Chit funds offer a unique blend of saving and borrowing in one system.
2. They provide easy access to lump-sum funds with minimal documentation and no complex procedures.
3. This system is especially helpful for emergencies or planned big expenses.
4. It encourages regular saving habits and financial discipline.
5. Most importantly, it thrives on mutual trust within a close community.
6. Compared to bank documentation our Chit Fund documentation will be simple.