Chit fund software in tamil nadu chit fund management. Prominent features of mazechit chit fund software is easy accessibility. Even after the three deposits had matured, meenakshi refused to return the money. Sgcf, the flagship company of the gokulam group of companies is in its 4th decade of service to the nation. Chit fund operator held in chennai chennai news times of. The reason it has stood the test of time is that chit funds offer certain benefits no other financial product in.
It is for chit fund software, online chit fund software, mobile application software. The city crime branch ccb police arrested three employees of a chennaibased private chit fund firm in thillai nagar in trichy on thursday for duping many of around rs 2 crore. Its explicit purpose was to provide an alternative to unscrupulous privatesector chit fund organizers. Generic technology chit fund software is one of the best in chit software industry. Mantix chit fund management software is a web based erp application software for chit fund companies that allows you to manage accounting, chit registration, groups formation, auction process, manage chit schemes, collections, online chit fund software is a web based erp application software and client server application for chitfund companies. Cfms chit fund management system is a highly customizable webbased or cloudbased software application, which is designed to automate the processes of a variety of nonbanking financial institutions, especially chit funds. Erp 9 tally solutions provider tally sales tally web. Excel based chit fund calculator and profit and loss.
Chit fund software chit fund management software chitcare. Interestingly, it has almost 6,000 employees and also serves states like andhra pradesh, karnataka, tamil. Websoftex daily collection software provides advanced services of all types. We have purchased gayoo software in 2003 and we are using all of our businesses with very satisfied manner nila group of companies madurai we are using gayoo software for our retail and wholesale and warehouse business with more than 100 users. Chits easy is providing multiple range of solution for small and mid level chit fund companies.
All the branches had been computerized offering personalized services to all customers through online network. Daily collection solution for chit fund company websoftex softwares is a bangalore based company providing the best software solutions for daily collection software. Top 10 chit fund companies in coimbatore, agents, consultants. Saradha chit fund, chit fund act, what is chit fund. Ganga devi chit fund private limited company profile. Generic chit fund software is a unique solution for small and medium size business. Core banking and nidhi software finance, loan and microfinance. Chit fund software is specially developed to make the business needs of chit fund companies of the market easier and reliable. Generic chit fund software terminal collection machine. While the investor get much more than what he would otherwise get with bank deposits, the borrower can save lots of interest in chitfunds. Trichy sri ambal chit fund private limited company. According to the definition given by chit funds 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. Over five decades ago, margadarsi chit fund showed the people of andhra pradesh the way for a happier life. Members can see next payment information, amount to be paid along with loan details etc.
Chit fund businesses help both the investors and also who need loan. Guided by the vision and determination of sri ramoji rao, margadarsi made its humble beginning in. Amended chit fund act brings tighter norms, transparency. This application designed to manage various types of chits like bidding chits, fixed slab chits, daily collection, weekly collection, monthly collection. The returns irrespective of the risk are dependent upon the urgency of the funds. In kerala, a chit fund was run by the state government itself. Thayagam chit fund private limited is a private incorporated on 06 september 1995. The foreman has to gather a group of persons to form a chit group, collecting money from each subscriber every month, arranging payment of prized money to one person each month. Which is a chit fund software company in bangalore.
We take pride in rendering good and protective services to small medium industries smi and other sector. Microfinance software company is a bangalore based company providing the best software solutions for pigmy collection software, school management, mobile applications and also for chit fund company. A look at some of the best chit funds in india goodreturns. Get hassle free chit fund services at affordable charges in india. No 168, kamala 1st street, chinna chokkikulam, madurai 625002 near hdfc bank waveplus softtech map.
Sundaram mutual fund madurai office, mutual fund companies. Mobile application software generic mobile application software is online based working. Websoftex chitfund software is a web based application for chit fund companies. Chit fundin madurai, chit fund software in madurai, online. Bvbi infotech has mobile applications on android tablet, ipad suitable for online chit fund companies,micro finance companies,pygmie collection,jewellry store. Neighbourhood ladies will get together to pool their savings each week. It is classified as nongovt company and is registered at registrar of companies, chennai. Software can keep the information update and subscribers payable and subscribers receivable and general ledger, these information must need for understand the chit company owner. Some chit funds may be conducted as a savings scheme for specific purpose. Mazechit is one of the best chit fund software application in india.
Company online chit funds balussery benefit chit fund. Net subscription, advanced web interface accounting software for asia and. Websoftex software solutions private limited, a bangalore based company, an authorized software service provider engaged in chit fund software or kuries software development in tamil nadu with maximum level protection. Margadarsi chit fund private provides various schemes like one of the names of the scheme is ste. A chit fund is a savings cum borrowings scheme, wherein a few people known as members or subscribers come together and invest a fixed amount every month for a fixed period. A major chit fund scam adopting the classic modus operandi of offering high interest rates against deposits has been unearthed at nayarambalam within the. It can accomodate a variety of complex business rules that are employed in daytoday operations of these institutions.
Karnataka chitsters association chit fund companies. A person having basic computer knowledge can master this software in very less time. The longer you keep your money for, the higher returns annualized you get and obviously higher is the risk of fund def. Cash management, android collection apps, daily collection. Aug 05, 2019 virudhunagar shiva chit company private limited is a private incorporated on 12 may 1993. Chit fund returns calculator personal finance calculators. Chit firm closed, 3 arrested for duping depositors of rs 2. It is technology driven, highly secure and userfriendly. All of us would like to own a car, a home, land, a personal computer an lcd tv and myriad other possessions to make our life worth. Thus a small enterprise, with prudent planning can meet their capital requirements with the help of a chit fund. In some variations of chit funds, the savings are for a specific purpose.
Madurai sri rajeswari chit funds pvt ltd productservice. Chit fund interest rates are in effect the market determined interest rates. The tamil nadu chit fund companies association tncfca today appealed to the people not to confuse ponzi schemes, that offer unfeasible interest rates, cash prizes or gift articles for deposits, with chit funds which were traditional and highly regulated miscellaneous nonbanking financial companies. Websoftex chit fund software is simple and easy to understand. At the place of my first employment, informal chits was a big thing amongst the graded labor force. While growing up, i associated it w small time investors, loan sharks, cheatingfights etc. These changes have become operative from the beginning of this year. Chit fund software company an authorized software service provider engaged in chit fund software and chit fund mlm and pigmy banking software with maximum level protection. Our trained developers follow strict regulations and rules of the industry to attain maximum satisfaction of our clients. Chit fund software is a web based application for chit fund companies. This is the largest chit fund in the country and probably a very safe one. Generic technology, chit fund software, online chit fund. Chit funds software from websoftex is best chit funds professional accounting software which specially developed for makes your accounting work easy.
Business listings of chit fund software, chit fund management software manufacturers, suppliers and exporters in chennai, tamil nadu along with their. Sivaramakrishnan said in the wake of volatile market conditions, chit fund proves to be the best savingborrowing option that offers standard returns, lowcost loans, and personalized service. Virudhunagar shiva chit company private limited company. Thayagam chit fund private limited company, directors. Chit fund business in india is regulated under the chit fund act 1982. Chit fund software company an authorized software service provider. An example is the deepavali sweets fund, which has a specific end date about a week before deepavali. Trichy sri ambal chit fund private limiteds corporate identification number is cin u65991tn1994ptc027809 and its registration number is 27809. Chit funds have always been looked down upon and has had an image problem. At chit fund software company, we understand your need of having a software that can efficiently manage your chit activities. The person with the lowest bid receives the amount after deducting commission or operating charges and can no longer take part in the. Chit fund services, chit fund services at affordable. Chit funds are communitydriven and regulated both by the central and state governments.
Chit fund management is providing multiple range of solution for small and mid level chit fund companies,it cuts down reports preparation time and increases. Major chit fund scam busted at nayarambalam the hindu. In 2000, it had 77% of the capital volume of the chit fund business in kerala, though just 37. Daily collection solution for chit fund company websoftex software s is a bangalore based company providing the best software solutions for daily collection software. We take pride in rendering good and protective services to small medium industries smi and other sector for more than 5 years. Mahalakshmi had deposited in three separate chit funds rs 2 lakh, rs 5 lakh and rs 10 lakh. Chit fund, online chit fund, chit fund mlm, chitfund software india. Any location,any time customer see the payment details. Chit fund, online chit fund, chit fund mlm, chitfund. Pigmy banking has an interesting history and has demonstrated to be a great success for many people. Something that respectable people stayed away from. Nov 24, 2017 a chit fund is a savings cum borrowings scheme, wherein a few people come together and invest a fixed amount every month for a fixed period.
The purpose of this software is to have an effective communication process with the subscribers and the employees by kee. The chit fund company conducting the chit business also known as foreman charges 5% of the chit value as commission or service charge for the services rendered by it. It is said that a day or evening is not complete without the visit of these pigmy collectors on the premises of a trader or. A group of people get together and decide to pay an equal sum of money for a few months. Each month the group members bid on the total amount collected.
India has around 15,000 chit fund groupscompanies in kerala the state is running its own chit fund company named kerala state financial enterprise which has operations through out the state. Dhanalakshmi srinivasan chit funds pvt ltd, support. The chit and finance business started in a modest way at mylapore, chennai on 23rd july 1968, more. Out of the 15,000 chit fund companiesgroups, only less than one percent run it as professional business. Sundaram mutual fund offices in madurai, tamil nadu advisorkhoj. Pigmy banking is adopted and offered by several other banks and is being introduced overseas. Daily collection software, productivity software, mobile. Chit fund software in kanyakumari, retail pos billing. The features perfectly match the business requirements of any chits service providers or chit fund businesses. Generic chit fund software is enable an you can enter chit information like chit subscribers paid and arrears details, cash and bank transactions. Chit fund schemes may be organized by financial institutions. Resources balussery chit fund is a leading chit fund. We strongly believe that technology plays a major role in todays business environment.
Chit fund software in chennai, retail pos billing software in. Our company was found in 1976 with the forethought of providing truly personalized financial instruments. The application will save your valuable time with our unique feature of the chit easy. Chit fund software in chennai, tamil nadu get latest price from. Generic chit fund software application is easy to use,more reliable, stable,generic chit fund management software are specially designed for chit company to provide simple solution to chit complex accounts. Waveplus softtech, chinna chokkikulam computer software. Excel based chit fund calculator and profit and loss account.
Generic online chit fund software is cloud based working. Chandra lakshmi has exhibited expertise in the financial arena and solid operational excellence eversince its incorporation. The company service the middle income group people. The chit and finance business started in a modest way at mylapore, chennai on 23rd july 1968, has grown in stature and size, through hard work, selfless service and prudent management practices. Apr 18, 2012 this software can efficiently handle chit details. Chit fund software service provider from coimbatore. Now chit funds are trying to carve out a cleaner identity, a campaign that culminated in a slew of amendments to the chit fund act. Chit fund software in madurai chit fund management. Chitfunds are a preferred choice of many businessmen. An rti applicant had wanted to know the number of chit funds. Jayapriya chit fund is one of the largest and fast growing chit companies in tamilnadu.
Aps technologies offers like textile billing software, textile management system, web design in madurai,seo madurai,web designing. Chit fund software in hublianddharwad chit fund management. An mlm with chitfund software is one which is involved in multilevel marketing and chitfund software management system. We are provide secure online access in our customer. Chit fund in bangalore balussery benefit chit fund. Kamatchi chits madurai pvt ltd, madurai city chit fund agents in. Listed companies are offering one stop solutions for chit fund services in multiple cities from india. Chit fund, chit fund software, online chit fund software. A fire broke out on the second floor of a multistorey building on vakkil new street near simmakkal here on sunday.
E veryday some activity or interest of the welldiversified eenadumargadarsi group, of which margadarsi chit fund is a part, touches the lives of people in some way or the other. It has been registered under the madras chit fund act, our unique selling point chit funds have been around even before the concept of banking existed. For every chit fund scheme, organizer charges are around 5% typically of the total amount is to be paid. It has a network of 51 branches spread across tamilnadu, pondicherry and also in eight more district of tamilnadu. Sundaram bnp paribas fund services 37, krishna rao, tank street, tvs cooperative store madurai, tamil nadu 625001. While chit funds are creating a rage in the state, an rti query has revealed that bengal has only one registered chit fund. A chit fund is a type of rotating savings and credit association system practiced in india. It is a plan for the distribution of some percentage of company profit for the marketing purpose whereby participants earn money by introducing subscriber to join the chit in different plans. Chit fundin bangalore, chit fund software in bangalore. Online chit fund managemnent software indiademo,download. Chit fund schemes may be organized by financial institutions, or informally among friends, relatives, or neighbours. The first staterun chit fund, kerala state financial enterprises, was established in 1969 by the kerala government. Seo seo in chennai searech engine optimization seo. As per the act, a 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 specif.
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