Chit Agents, Chit Fund Participants, Chit Fund Reports, Chit Fund Serv

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 Cash flows are the lifeline of business - big or small. Usually big businesses manage to meet their capital requirements with the help of banks and other formal financial channels. Banks extend timely support to big enterprises and it is a win-win situation for both parties.

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Small businesses are traditionally avoided by banks and formal financial institutions because of their accounting procedures lack of proper record keeping and are unable to provide satisfactory security.

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 With the advent of ecommerce in India Chit funds have also started going online. Online chit funds conduct auctions online and subscribers can pay their monthly dues and receive prize amount online through online transactions including electronic fund transfers. Each member has an online account to manage their chit funds.

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 Meanwhile the general public of these Islands have been advised to be cautious in investing their hard earned money in non-registered non-banking financial institutions and ensure the credential and legality of the institutions before any investment.

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 General public is also advised to provide information about functioning of any such chit fund company/ non-banking financial institutions if they have any doubt about the functioning and credentials of the same a communication from the Assistant Commissioner HQ AN Administration said here today.

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CONTACT US: Mr. Santhosh Kumar Whatsapp– Mobile- Skype–

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240/A 3rd Cross Gokula 1st Stage 1st Phase Mathikere Bangalore - 560 054 Karnataka India.

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