Srinidhi Enterprises is your trustworthy, safe and reliable companion to help you reap maximum benefits from investing in a chits.
There are a number of easy, simple and secured schemes. There's a scheme for everyone from low income group to high net worth people.
We are a registered firm and have become the trusted medium of savings. You can trust us for effortlessly grow your money.
We offer absolutely safe investment schemes and options to safely grow, manage and monitor your chits. With us, you can save for a better future.
Chit schemes are operated by chit companies with registration under the relevant chit act. Operating a commitment chit susually involves floating of a chit scheme, finding potential members, enrolling members into a chit, collecting contributions, conducting chit auctions.
View ServicesThe chit starts at an announced date and continues for the number of months.
commitment chits provide access to savings and borrowings for people.
Organised Chit schemes are required to register with the Registrar of Firms, Societies and Chits.
To start a chit,a Commitment Chits company usually advertises a chit scheme and enrolls interested members.
| SNO | Monthly Subs | No of Months | Chit Value | Total Members | Scheme |
|---|---|---|---|---|---|
| 1 | 200 | 25 | 5000 | 25 | STE |
| 2 | 400 | 25 | 10.000 | 25 | STF |
| 3 | 600 | 25 | 15.000 | 25 | STL |
| 4 | 800 | 25 | 20.000 | 25 | STK |
| 5 | 1000 | 25 | 25.000 | 25 | STG |
| 6 | 2000 | 25 | 50.000 | 25 | STT |
| 7 | 3000 | 25 | 75.000 | 25 | STV |
| 8 | 4000 | 25 | 85.000 | 25 | STW |
| 9 | 5000 | 25 | 100.000 | 25 | TTG |
| 10 | 6000 | 25 | 150.000 | 25 | TTH |
Srinidhi Commitment Chits is a saving scheme practiced in India. It originated 1000s of years ago. It was started as informal association of traders and households with in communities. It enables poor people to convert small savings into lump sums.
The number of members in the chit will equal to the period, and each of the member will be required to contribute a fixed amount for each period.
Though chit companies are a category of Non-Banking Financial Companies (NBFC), commitment chits are exempt from being registered with the Reserve Bank of India.
Let’s say there are 20 people who come together and form a group. Each one will contribute Rs 1,000 per month and this will continue for next 20 months.
The system acts as a both a borrowing scheme, because subscribers are able to access large sums of money before they've paid the full amount.
If the monthly installment is $1000 and there are 50 members, the pot in the first month will contain 50,000/-.
Chits is a saving scheme practiced in India. It originated 1000s of years ago.Different chits operate in different ways.
Chits are financial schemes which are limited to a group of people who come together on a mutual trust with planned need and usage of funds.
Chits run by State governments like Kerala State Financial Enterprises and Mysore Sales International Ltd and PSU.
If you join the chit, you should ask yourself if one is able to continue to the full term ie period of the chit is very important.
In Kerala the State is running its own company named Kerala State Financial Enterprise which has operations through out the state.
Chits are native financial institutions in India. The system caters to financial needs by combining processes of credit and saving in one scheme.
