RUNNING CHIT SCHEMS

Given below is a list of chits available at MCC:


CHIT VALUE MONTHS / MEMBER REGISTRATION FEES (Rs.) SUBSCRIPTION AMOUNT (Rs.) AVERAGE DAILY SUBSCRIPTION (Rs.)
50,000 20 100 2,500 100
1,00,000 20 100 5,000 200
2,00,000 20 200 10,000 400
3,00,000 20 300 15,000 600
5,00,000 20 500 25,000 1,000
10,00,000 20 1,000 50,000 2,000

    Maximum auction bid fixed at 25%.


    Dividend for all subscribers (Prized & Non-Prized).


    The foreman is entitled to 5% of the chit amount as commission.

MANICHANDER CHITS INDIA (P) LIMITED

Register Office:


10, First Floor, Paris Nagar,Airport Road,

Sitra,Coimbatore

Tamil Nadu- 641014, India

Tel: +91 422 3500262, 0422 3553362, 0422 4952727

Branch Office:


Adhira Square, 1st Floor,

No 16/2, Pollachi Road,

Udumalapet- 642126, India

Tel: +91 4252 233255