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
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