CHITS
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What is Chit Funds?

A Chit fund is a kind of savings scheme practiced in India. A chit fund company means a company managing conducting or supervising, as foremen, agent or in any other capacity, chits as defined in Section 2 of the Chit Funds Act, 1982. According to Section 2(b) of the Chit Fund Act, 1982, "Chit means a transaction whether called chit, chit fund, chitty, kuri or by any other name by or under which a person enters into an agreement with a specified number of persons that every one of them shall subscribe a certain sum of money (or a certain quantity of grain instead) by way of periodical installments over a definite period and that each such subscriber shall, in his turn, as determined by lot or by auction or by tender or in such other manner as may be specified in the chit agreement, be entitled to the prize amount."

Dheeran group has been a Chit Funds entity since 1996. The company conducts daily, weekly and monthly chits with a minimum sum of Rs. 1 lakh and maximum of Rs. 1 Crore. The sustained growth registered in these years not only indicates the utility of this ancient instrument but it is also a reflection of the one crore customers’ trust in Dheeran Group.

What is E Chit Funds?

EChitFund is a first web based application for Chit Fund Companies providing secured online access to it members. Members can see next payment information, amount to be paid along with Loan details etc. Members can get their outstanding, last date for subscription payment, ledger report through online access. At Dheeran Group, we understand your need of having Software that can efficiently manage your chit activities. Our web based Chit Fund Software helps you to monitor your chit activities and at the same time making it easy for you to access your account information, no matter where you are.

Why E Chit Funds?

• Cost Effective: A chit is the only financial product that allows you to save and borrow and renders a higher rate of return in comparison to a bank deposit making it the most efficient & Cost Saving Way to manage your Chit.

• Work from anywhere at any time: You can manage your E Chit Fund activities from anywhere at any time. All you need is a web browser and an internet connection.

• Website Integration & Online Access to Members/Subscribers. Provides online access to members or subscribers, integrating with your existing website.

• Online Bidding & Auctions: To bid online, subscribers need to login to website. On the subscribers homepage you will find your running/ongoing chit. All you have to do is enter your bidding amount to participate.

• Transparency & Client Satisfaction: Transparency to subscriber, leads to the build in trust apart Client Satisfaction