GODAVARI CHIT FUND PVT.LTD.

Godavari Chits India Pvt Ltd is a professionally managed company with a strong management team working under the guidance of promoters with a proven track record in the financial services sector. This is Godavari ChitFund, has a reputation in the market for stability, reliability and integrity. Trustworthiness, transparency in operation, past proven performance and familiarity are important prerequisites of a Chit Fund operator.. 1) What is Chitfund? A Chit fund is a kind of savings scheme practiced in India. Chit means a transaction whether called chit, chit fund, chitty, kuree 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" 2) How Chit Fund Helps? Chit Funds have the advantage both for serving a need and as an investment. Money can be readily drawn in an emergency or could be continued as an investment. Interest rate is determined by the subscribers themselves, based on mutual decisions and varies from auction to auction. The money that you borrow is against your own future contributions.