Minutes - Generic Chit Fund Software
Auction conducting time each and every chit
groups minutes information are stored in software,
like - Chit
Surety Documents, Chit
payment related guarantors, Chit
Agent information, Chit
Legal Procedure, Chit
Customer are taking the chit group amount after pledge the surety documents of property,
The Customer surety documents are verified by chit company legal advisor or advocate , that legal verification charge are collected from the customer
if legal surety document verification can failed, chit
payment are not given to that customer.
payment are shifted to another customers after surety documents are confirmed.
These all property verification are conducting only earlier month of taking chit
Chit Payment Related Guarantors,
Payment taking Customers must provide minimum three Guarantors Names,
if Prized money customer not paying properly chit dues amount, Guarantors will must taking the all the responsibility of the customers.
auctioned customers agent names are included in the minutes section.
Agent also responsible person for collecting the dues amount from auctioned customers.
Company Legal Advisor or Advocate will doing all the legal procedure of auctioned customer information to government.
Each and every month will be submitted to chit
group auction information list to government.
if any problem are occurred in both company and customer government will take action all chit related problems.
Lien are created before auction payment given to customer. Customer advance amount, customer relatives or customer nominees have any bending amount in chit company.
Based on that bending will Generated lien on chit fund
group. after paid bending amount chit
amount will be released.