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Your Trusted Partner for Chit Fund Investments

We are a registered chit fund company – helping people from all walks of life. We understand the necessity of financial independence and thus connect them with necessary funds when they require it.

Easy paper work

The list of documents will be mentioned clearly to begin your membership. In case of doubts, our agents will guide you throughout the process.

Trusted Schemes

There are a number of easy, simple and secured schemes you can compare, choose and opt for. There's a scheme for everyone - from low income group to high net worth people.

Instant Approval

We enable instant approval of prize money for our prized subscribers. You don’t have to wait for the 30 days period to avail the prize money.

Easy Hypothecation

You don’t have to give up your ownership rights for any collateral you pledge as you avail your prize money. The Hypothecation is simple for all our subscribers.

About Us

Leading Chit fund company in Hosapete

Shree Achyuta Chits Pvt Ltd is a government recognized Chit Fund Company established in the year 2023.

We offer multiple products to cater different economic groups across Hosapete.

Schemes

Explore What We Offer

We know the importance of money in your lives and the role of chits as a good means of saving. That’s why we offer Investment Schemes, specially designed for convenience, maximum returns with highest security.

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Basic

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Who We Are

Why Shree Achyuta Chits Pvt Ltd is Unique

A Registered and highly dynamic chit funds company, Shree Achyuta Chits Pvt Ltd offers lucrative chit fund schemes as investment options to the public. We run schemes that are worthwhile for people from all walks of life – whether it’s the salaried class/professionals, self-employed, businessmen, and others.

Our dedicated staff is working for our customers to provide prompt and timely service. We as micro- financiers offer highly profitable Chit fund plans that open doors to all income levels to fulfill their dreams and responsibilities.

Build your wealth and secure your future by investing in our profitable chit-fund schemes so that you can live your life with financial freedom, confidence, and self-respect.

Benefits Of Chit Funds

  • Excellent way to save every month
  • Convenient schemes
  • Minimal formalities
  • Popular saving and borrowing method
  • Funds borrowable with successful bidding

Special Purposes & Technology

Chit funds are also being organized for special purposes such as festivities by the sweet makers, jewelers, and Kitchenware owners to promote their product and as well as benefit the subscribers. With e-commerce rising in India, Chit funds are also being made available online. The auctions are conducted online and the subscribers can pay and receive funds through online transactions.

Legalities Involved

It is mandatory for any Chit fund organization to be registered with the Registrar of Firms, Societies, and Chits. According to the Chit Funds Act, 1982, a Chit fund company will manage, conduct, or supervise a Chit fund. Chit fund organizations are supervised as Miscellaneous Non-Banking Companies (MNBCs) although they don’t fall under the RBI Act. Thus the NBFC and MNBC Rules, drafted by the government of India in 1977 under Section 58A of the Companies Act 1956 regulate the activities in line with Chit fund deposits.

Risks Involved

Although Chit funds are one of the best micro-finance systems, it is slightly risky too. The subscribers, as well as the organizers, are subjected to credit risk in case of defaults. Defaults are inevitable in
this business. Thus Chit fund companies ask subscribers to submit surety when they win the auction.

Also, the government doesn’t insure your Chit fund payments and thus is a riskier savings method than saving via the bank.

Future Scope

Chit funds can be a great tool to financially support one another
among your family and friends. Any earning segment and any number of subscribers can take part in it.

You should only take care to include trusted subscribers and try to avoid defaulters.

Trusted Schemes

There are a number of easy, simple and secured schemes you can compare, choose and opt for. There's a scheme for everyone - from low income group to high net worth people.

Easy paper work

The list of documents will be mentioned clearly to begin your membership. In case of doubts, our agents will guide you throughout the process

Instant Approval

We enable instant approval of prize money for our prized subscribers. You don’t have to wait for the 30 days period to avail the prize money.

Easy Hypothecation

You don’t have to give up your ownership rights for any collateral you pledge as you avail your prize money. The Hypothecation is simple for all our subscribers

Simple Finance Schemes

We have designed simple and efficient Chit Fund Schemes to suit the different business needs of our subscribers.

Instant Withdrawal

In case of change in commitments you can withdraw from our financial schemes in accordance with our company policies and Chit Fund Act 1982

The Process

How it works?

The basic necessity of conducting a ‘Chit’ is a group needy people called subscribers. The foreman, the company or person conducting the chit, bring these people together and conducts the chit. The foreman is also responsible for collecting the money from subscribers, presiding over the auctions, and keeping subscriber records. He is compensated by a fixed amount (generally 5% of gross chit amount) monthly for his efforts. Other than that, the foreman has no specific privileges; he is just a chit subscriber. A simple formula depicts the pattern of the chit.

 

The chit starts on an announced date, every subscriber come together for the auction. When there are more than one person willing to take this minimum sum, lot are conducted and the ‘Lucky subscriber’ get the prize money for the month.

Ready to Join Shree Achyuta Chit Funds?

Our Team

Meet The Experts

ABC

Financial Advisor

ABC

Finance Head

ABC

Head Office Manager