Shine like a Sun
Trust in us to safeguard your financial future with our proven chit fund solutions.
Shine like a Sun
Experience the power of collective saving with our chit plans. Join us today and watch your financial goals become a reality through the strength of shared savings and mutual support.
Shine like a Sun
Chit funds are a proven financial instrument that bridges the gap between your current savings and your future aspirations. With chit funds, you can save smartly, invest collectively, and realize your dreams.
Shine like a Sun
we empower you to build the foundation for a brighter and more prosperous tomorrow. Your financial goals are within reach, and the path to achieving them starts today."
Who Are We?
We're a team of experienced financial professionals dedicated to your financial success through trusted chit fund solutions.
At Sree Ravees Vajrah Chits Private Limited, we are a dedicated team of financial experts committed to empowering your financial future through the time-tested and trusted concept of chit funds. With years of experience in the industry, we have successfully assisted countless individuals and families in achieving their financial goals and securing their dreams. Our core values revolve around transparency, integrity, and customer-centricity, ensuring that your financial well-being is our top priority. We take pride in fostering a sense of community and collective savings, enabling you to thrive together with like-minded investors. Join us on this journey towards financial prosperity, where tradition meets innovation, and your financial security is our utmost concern.
Know About Chit Fund
A chit fund is a savings and investment system that brings individuals together in a community to pool their money, enabling members to take turns receiving a lump sum payout to meet their financial goals. It’s a trusted and regulated financial tool.
Chit funds operate through a series of regular contributions by members, with one member receiving the total pooled amount (chit value) through an auction process each month. The process continues until all members have benefited, ensuring equitable distribution of funds.
Chit funds offer a reliable and disciplined way to save, invest, and access funds for various purposes. They promote financial discipline, community support, and flexible options, making them a sound choice for those seeking to achieve their financial aspirations.
Chit funds offer a host of valuable benefits to individuals seeking to manage their finances wisely. With their flexibility and versatility, chit funds can be tailored to various financial goals, whether it’s funding education, expanding a business, or achieving other significant life milestones.
F.A.Q.
Explore our FAQ section to find answers to common questions about chit funds, our services, and how they can benefit you. We’re here to provide clarity and assist you in making informed financial decisions.
A chit group, also known as a chit fund scheme, is a financial arrangement where individuals contribute a fixed amount of money into a common pool. The pool of money is then given out as a loan or advance to a member through a bidding process. Each member takes turns until everyone receives their share.
A foreman is an individual or entity responsible for organizing and conducting the chit fund operations. The foreman plays a pivotal role in facilitating the chit fund, ensuring that all the members contribute their payments on time, conducting auctions, and disbursing the chit amount to the winning members as per the predetermined schedule.
Procuring funds from chits has several advantages compared to other intermediaries. Chits offer flexibility in loan amounts and repayment terms, catering to the specific needs of participants. The process is faster and streamlined, as funds are allocated through a lottery or auction system. Interest rates offered by chit funds are often lower due to the community-driven model. Chits are accessible to individuals with limited access to traditional banking services. They also ensure transparency and accountability through regulatory guidelines. However, potential risks such as lack of regulation and fraud exist, so thorough research and choosing reputable chit funds is important.