Sivamathi Chit funds Pvt Ltd
Ethnic , integrity , honesty & Respect
A pioneer in Chit Funds, Sivamathi Chit Fund has been contributing to the industry for more than a decade in no small measure. It is the ethnic values, integrity, honesty of performance, excellent quality of service and cent percent financial discipline that has brought the company it where it is today.
READ MORE
CERTIFICATE OF REGISTRATION
A mini guide on Chit Fund Company Registration
A Chit Fund company comes under the category of Non-Banking Financial Companies (NBFC), and it is exempt from being registered under Reserve Bank of India (RBI). A Chit Fund company is regulated by other regulators and thereby, not RBI.
It is advisable for a Chit Fund business to begin as a Private Limited Company with the business objective "Chit Fund Business". Once the private company is incorporated, Chit fund company can obtain the certificate of registration by getting it registered with Registrar of the State. A Chit Fund company can only commence its business once it has obtained the Certificate of Registration from relevant State Registrar.
Sivamathi is also a certified company under Ministry of Corporate Affairs, Government of India as SIVAMATHI CHIT PRIVATE LIMITED, a company limited by shares.
We manage your savings the way we manage that of ours
Savings and investment is an ongoing process. As long as life goes, so does the both. Therefore, the earlier you begin with it, the better it is. In fact, there is no right time to save and invest than now!
The traditional saving and borrowing mechanism means different things to different people. For some, chit fund is seeking loan at convenient credit. For small savers, it ensures monthly investment discipline. If you can't report your income, chit fund is for you. If you want to borrow at a rate lower than other financial channels, chit fund is for you. Moreover, if you want to borrow in a hassle free manner, chit fund is for you.
Chit fund is usually understood by people as kitty party. Yes, you do have an obligation to save a fixed amount for chit fund every month, but trust us, this obligation is for your own good. It pays you high returns, gives you financial security against an uncertain future and you can meet contingent expenses without any pressure.
The money you save and invest is your hard earned money and it should never get into the wrong hands, therefore, Sivamathi Chit funds Pvt Ltd. You need someone, who will give your money the same value as they give to that of theirs. The Sivamathi Chit fund is reliable and backed by the people who are a pro in the area of finance and investing so that you reap high returns and enjoy the maximum benefits.
2
Offices Worldwide
10
Chit Groups
126
Chit Members
5
Chit Completed Groups
One needs to secure his or her future against all the uncertainties, especially financial. You never know when problems pertaining to health, marriage, property, etc might knock on your door.In fact, they don't knock they just come like an uninvited guest. In case of chit Funds, you borrow from your future savings.
For example, if chit value is Rs.100000/- and you have contributed Rs.2000 in the first month but you can still borrow any amount within Rs.1,00,000 and pay remaining installments over the period.
The rate of borrowing remains cheaper than several other financial schemes.
The non-prized subscriber, who saves up to the last instalment, gets the dividend. And the amount you will receive, as the dividend, will be higher than the amount of interest that you would have earned by way of Recurring Deposit Schemes.
Another benefit of being a member of Chit Fund Scheme is that the amount you borrow, you need not disclose the purpose for which you will be using it.
Any person who has a regular source of income and can repay the amount is eligible to subscribe.
- Services are more personalized.
- Formalities are less and simpler.
- Essential evaluation of paperwork is done and not an elaborative one.
- Borrowed money can be used for a purpose without disclosing it.
- Last but not the least, the saving rate is higher and borrowing cost, quite lower.
OUR CHIT MEMBERS
