Chitty fund

It is a unique financial product, which blends the advantages of both investment and advance. It is a risk free safe haven for the public as KSFE conducts only chitties fully governed by the provisions of Central Chit Fund Act 1982. The installment per month for chitties range from Rs. 1,000 to Rs. 5,00,000 and the usual duration of chitties are 30 months, 40 months, 50 months, 60 months and 100 months.

The total of the periodic subscription, called the chitty amount, will be given out as “prize money” to the person who bids by allowing for the maximum reduction in the prize money. The maximum reduction possible is 25% as per the prevailing Chitty Act and if there are more than one subscriber interested in bidding at 25% reduction, the numbers of the such bidders will be put to a draw.

Loans And Advances

Although Chitty is in essence a loan/advance scheme, for subscribers whose chitties are not getting prized and, at the same time they are in need of money, relief has been provided by two loan schemes built within the chitty scheme, viz. Chitty Pass Book Loan and Chitty Loan.KSFE offers other loan/advance schemes, comparable to those given by banks and other financial institutions, and the same includes:

  • Car Loan
  • Chitty Loan
  • Consumer / Vehicle Loan
  • Gold Loan
  • KSFE Haritham Loan
  • KSFE Home Loan
  • KSFE Personal Loan
  • Passbook Loan



Deposit Schemes

A wide range of Deposit Schemes are offered by KSFE. List of deposit schemes available are :

  • Sugama SecurityDeposit
  • Short Term Deposit
  • Deposit In Trust Scheme
  • Fixed Deposit
  • Sugama Deposit Scheme


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