A Chit fund is a very old, traditional method which is being used by many individuals or communities as one of the financial aid nationwide. It is a collaborative savings and investment model that brings individuals together in a close-knit community. Members of a Chit Fund contribute fixed amounts at regular intervals for a predetermined period. The pooled funds are then distributed among members through an equitable system, offering participants the opportunity to access a lump sum amount when they need it the most.

A chit fund is a scheme of concerted savings done under a group being formed through a selected scheme provided by a chit fund with a fixed amount. This common pool of pumping funds on a regular interval takes place with the existing subscribers or members (investors). Know more about how the chit fund works.

A chit fund can be an immersing financial discipline in every individual’s life. This scheme that is being involved through various Finserv platforms helps an individual towards a financial discipline to save a fixed amount regularly. Chit funds always act as a backbone to many people for their financial aid through varied schemes that different chit funds provide to their customers. The reason for every chit fund acting as financial aid for the people who urge such assistance would make effective use of it.

When financial aid arises within a nuclear family, then it is understood that a struggle towards unplanned need has commenced surprisingly. So here to safeguard every individual’s financial need in a safe bubble, our exclusive platform of chit funds has brought an exotic saving scheme that helps to satisfy customers with the help of saving money at regular intervals. This kind of traditional method makes the customer easily get acquainted with known and useful methods that provide trust, transparency, and security for a healthy life with chit funds only through Sri Mugan Chits Pvt Ltd. The reason behind every customer marching back behind Sri Mugan Chits Pvt Ltd is due to their vision of satisfying customers at every instance with their digital transition of one-touch cash which is exclusively structured as a customer-friendly aid. This made every customer’s mode of generating cash easier and feasible. (Your money is safe & You can withdraw it any time unlike other chit companies)

One Touch Cash

One of our esteemed digital-driven platforms with a proven track record for all the customers to make them understand our platform’s transparency is reached through the process of OTC. It is one of the processes that make the customer have the proper record that makes them understand the process. Here with the help of OTC, we are providing the most flexible plan of PMR (Prize Money Request).

This process happens by the customer with the one-click that happens in the application. This platform supports with also high returns with the saving scheme and provides 24*7 customer support to make customers more satisfied. What is the wait for? Come on, let’s start saving for a happy future.

RD (Recurring Deposit) and Chit fund are the two financial instruments that have their valiant feature which prevails in the financial industry. RD (Recurring Deposit) is a financial product that is being offered by banks and other financial institutions. Wherein the individual pays money on a regular interval with a predetermined maturity value at a fixed period. This usually has a very low-interest rate when compared with Chit funds.

Before an investment is made, certain key factors have to be noted. These are broadly discussed below:

1. Ease of Access towards funds: A chit fund scheme gives the loyalty of easy access towards funds. This applies to all the chit-fund platforms which are booming currently. They also provide an immediate requirement of financial aid whenever the customer needs money. Through a massive engagement of the users towards chit funds due to a financial flexibility, and transparency for winning trust is especially foreclosed by Sri Mugan Chits Pvt Ltd
2. 
   Savings and Credit Options: Many scenarios have made people make saving and credit options a necessary piece of cake in their lives. But the help of their current savings through chit-fund schemes and credit options for their financial stability is needed.
3. Less on paperwork: when a chit fund is being started by an individual there is less amount of paperwork being involved for starting. After the period once an individual wins the PMR for financial aid, he will be helped with limited paperwork and given the assured money within the limited time frame and immediate measures will always be taken care of.
4. Submitting of Collateral to customer: When a customer seeks for a (PMR) Prize Money Request he is given the liberty to attain the needed cash at his required period of time. At this point of time, to make him understand the financial importance of the same, we would be providing him with the desired amount at his eligible month depending upon the scheme that he has incurred with. Collateral security is being gained from the individual while they are requesting the final tenure amount. This process purely happens to the customers for the individual having a want towards financial aid. It makes them move towards the flexibility of financial aid without affecting an individual’s cibil score. It happens with Sri Mugan Chits Pvt ltd exclusively.
5. Potential Return: a potential return is expected when an individual is investing in a chit fund. This is being realized according to the trend with which a maximum of 12% is achieved through various platforms. As we know chit funds are a booming platform for financial assistance, with the returns also high with the saving scheme which helps the future to be safe and secure with chit funds.