Being able to save easily in Installments.
Convenience and abscence of stringent formalities.
Chit Fund forms a very popular method of saving and borrowing.
MD Thanishka Chit Fund being a company focussed towards excellence, ensures 100% safety, reliability and transparency in operations.
MD Thanishka Chit Fund ensures safety of the subscribers’ investment.
Chits provide for an assured sum during a crisis.
It is an easier way to get money at lowest percentage of Interest.
|
BENEFITS |
CHIT FUNDS |
BANKS & OTHERS |
|---|---|---|
|
Hind Sight Benefits |
Start as savings and convert into a borrowing instrument, if and when required. |
Choose between savings and borrowing options – Whether Savings, FD or Loans |
|
Freedom to use funds |
Subscriber has the freedom to use the funds as per thier will. |
Loan is for specified purpose – be it home-loan, vehicle, business etc. |
|
Rate of Interest on borrowing |
Since the chit funds work under the principle of mutuality, you borrow from your future savings. |
The Banks & other NBFC borrow money at interest, add service charges and lend at higher rates. |
|
Rate of Return on Savings |
Risk free when compared to any other financial intermediary |
As cost of operations is very high and also the prevailing interest rate is a factor |
|
Tax |
Dividend earned is Taxable, GST Applicable. |
Applicable. The interest earned from Savings a/c, FDs, etc is subject to Tax. |
info@mdthanishkachitfund.com