Views
1 year ago

Chit Fund Pigmy India, Pigmy India, Pigmy Collection, Chit Fund Collection, Chit Fund Pigmy Collection India

It is safer to invest

It is safer to invest with a bank which ensures your money is safe and guarantees you a fixed return. In the case of chit funds, you must have knowledge about how it functions. Daily collection loan is simplest money lending technique as the loan amount will repay on daily installment basis. Some chit funds turn out to be scams and you can lose your money. Choose your fund wisely by checking if it is run by the state government or if it is registered under The Chit Funds Act. WHICH ONE IS SAFE? Page 8

In some cases, some investors who have already won the bid, fail to invest further which leads to the chit fund failing. However, this has been regulated by compulsory collateral or another investor’s guarantee. Daily collection loan is simplest money lending technique as the loan amount will repay on daily installment basis. Investing in a chit fund may result in a profit, but can also result in a loss. If you win a bid and end up investing more than what you got, then the chit fund becomes a loan. WHICH ONE IS SAFE? Page 9

Chit Business India, Chitfund Regulation, Chit Business, Chit Fund App, Chit Fund Finance
Chit Business, Chit Plan, Chit Operator, Chit Fund Schemes, Chit Fund Domain
Chit Agents, Chit Participants, Chitfund Reports, Chitfund Service, Chit Fund Credit