For a person in urgent financial need, any amount is worth at that time. But there is always a matter of trust. There is no issue of cheating, as you allege. The scheme is called Pravasibandhu chittikal. Jafer Yusef July 31, at
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The entry load for mutual funds was 2.
Forms and Docs - KSFE VATAKARA
There is no time frame for joining new chitties. The blog is reaslly useful. For knowing more about the latest schemes of KSFE, visit this page. The features of the Scheme are as follows. People calculate the proxy amount in different ways.
KSFE Vellarada Branch, TVPM | Chitty, Loans, Deposits & WUMT: August
Problem understanding the numbers? Hi Is the price money is taxable by indian Tax law. The interest rate for putting whole prize money into FD is Prabhash Bhaskaran September 13, at You can join lroxy chitty from Dubai or any other foreign places. There is a chance that you might get the same amount that is, Rs.
Note that we will not disclose the proxy amount to anybody. We need to subtract the future liability of the chitty from the eligible amount. I would like to know about proxu chitty and how to join it?
Either at the time of joining or at the time of availing prize money. When one joins a chitty at the start, one cannot correctly calculate how much dividend one will get.
One can deposit it till the termination date of chitty.
I promised him to let my friends know about this. We can calculate the fomr dividend we would get for a particular chitty by adding the monthly subscription amount till date and subtracting it from the total chitty amount so far. The FD will be the security and FD certificate will be kept in the branch.
A bit of number cruncing as well. Hi I am currently residing in Mumbai and hail from mallapally Kerala. From where will I get advance information about the chitties that are coming up. And for this blog.
Kudos to all those behind this blog. All our circulars since are available online: No need for any security. Well, about remitting chitty amount from abroad, let me first say that KSFE has not yet developed facilities for online transaction.
Looking to invest in KSFE Chitty? Your search stops here
Please read some of the earlier comments [A writ petition filed by KSFE for exemption from the service is still under consideration of the honorable high court of Kerala].
Enchanter October 18, at 5: Alby December 3, at 3: Chitty is a savings-cum-loan scheme which is very popular among all savvy people in South India. If you are lucky and vigilant, you might get it earlier as well. Jafer Yusef July 31, at Just like previous year, we are starting our Bhagyavarsha Onam chitty campaign with a 10 Lakh chitty of months duration.
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