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KSFE FD Form PDF Free Download


KSFE Chitty is a unique financial product, which blends the advantages of both investment and advance.

KSFE Chitty is a risk-free haven for the public as KSFE conducts only chitties fully governed by the provisions of the Central Chit Fund Act 1982.

The installment per month for chitties ranges from Rs. 1,000 to Rs. 5,00,000 and the usual duration of chitties is 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 is more than one subscriber interested in bidding at a 25% reduction, the numbers of such bidders will be put to a draw.

Thus each subscriber gets an opportunity to receive the prize money once during the tenure of the chitty. All the promoters have to contribute to the periodic subscription till the end of the chitty.

Now, KSFE opens a new provision for the NRIs to join Chitty through Pravasi Chitty. KSFE Pravasi Chitties are specifically designed for the NRI community. However, NRKs can also now apply online for KSFE Pravasi Chitty.

Language English
No. of Pages1
PDF Size0.01MB

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