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what is minutes in Chit Fund Company


Chit Software Features

Genericchit chit fund software application is very simple, high -quality, centralized data, each and every clicks safe and secure access, cost effective and most important implementation made easy. Our software automated system will reduced  the manpower work. A perfect solution to empower you to manage your chit fund business The Right Way. Your business needs are our priority and your growing business needs a comprehensive chit ERP. Its wide variety of features makes chit funds a pleasant  and  joyful experience.

   Chit Fund Minutes

  All the Chit Fund Groups are conducted the auction every months. Only eligible chit fund subscribers are participate the auction on every months.  Here eligible chit subscribers means without arrear chit dues amount. auction are happened that particular time.

    Here all the participated members are asking the least bid amount.  At the end of the session maximum biding amount chit subscribers are auctioned person.
Auctioned person will get the prized amount of that month.

    All the activity of Auction time should be recorded or wrote in a file, that wrote file will be submitted to registrar with in 21 days.

    Before getting the prized money that auctioned chit fund subscribers want to provide surety of documents and three or four agent security sign needed. all the activity of minutes are recorded using genericchit, 

Genericchit software are provide minutes statement to each chit subscribers ledger report.

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