How CC Chit Funds Dot Com works

With its vast experience in the field, CC Chit Funds Dot Com has made systems and procedures simple, systematic and full proof. Subscribers can choose from a wide range of chits from Rs. 25,000 to Rs. 50,00,000 designed to suit a variety of requirements. To become a subscriber, individuals need to fill out an enrollment form, and opt for any of the chit schemes available with monthly installments ranging from Rs. 1000 to Rs. 1.00,000. Depending upon the requirement, one may choose Long Term Chits (50 month duration) for saving purpose and Short Term Chits (25 months duration) for emergency planning. Subscribers are entitled to bid at the auction even if only one installment has been paid i.e., the first installment. However, depending upon the requirement and competition, one can get the bid in any of the installments. After being declared as successful bidder in the auction, the successful bidder has to submit sureties depending upon future liability either from salaried employees with required basic salary or business people having taxable income or even property mortgage. Thereafter, the prize money is released after completing a few formalities. The chit money has to be paid back in remaining easy installments.

The successful bidder earns his or her profit by repaying the monthly installments excluding the dividends.

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