It is a flexible and a user friendly software solution that is used in chit fund companies that lessens the reports generation time and increases the quality and accuracy of information. Seo seo in chennai searech engine optimization seo. Generic open chit fund software is conducted the auction in every month in company, customer asking the higher bid amount. It holds various features, such as it manages add, delete, edit of groups, manages customer information according to the groups in which these have subscribed. Chit fund business in india is regulated under the chit fund act 1982. Which is a chit fund software company in bangalore. It can accomodate a variety of complex business rules that are employed in daytoday operations of these institutions. Chit fund schemes may be organized by financial institutions, or informally among friends, relatives, or neighbours. Hi my cousin went purchase seconds swift car on finance based from shri ram chit funds,they will give a concern within five days you will get a loan clearance after start the verification they link so many documents finally gave loan approval but it will take 25 days. Aps technologies offers like textile billing software, textile management system, web design in madurai,seo madurai,web designing. Entirely this is efficient for all organization those organize chits. A chit store is a sort of saving scheme practiced in india. Chit expert is a cutting edge chit fund management software, specially designed for chit fund companies, developed by the experts with more than 10 years of chit funds experience. These changes have become operative from the beginning of this year.
Jul 07, 2011 mutual funds 100% saving product,but chit fund concept is savings and borrowing. Saradha chit fund, chit fund act, what is chit fund. Websoftex software solutions private limited, a bangalore based company, an authorized software service provider engaged in chit fund software or kuries software development in tamil nadu with maximum level protection. Nov 30, 2019 sree visalam chit fund ltd is a public incorporated on 06 january 1947. Chit funds monitering state govt under control of district regiter and chit rigester. Websoftex software solutions private limited, a bangalore based company, an authorized software service provider engaged in chit fund software or kuries software development in bangalore with maximum level protection. Chit fund software in hyderabad chit fund management. Apr 18, 2012 this software can efficiently handle chit details. Excel based chit fund calculator and profit and loss account.
Guided by the vision and determination of sri ramoji rao, margadarsi made its humble beginning in. Chit fund software in tamil nadu chit fund management. Software publishing, consultancy and supply software publishing includes. All the branches had been computerized offering personalized services to all customers through online network. Moreover this entire system works on the foundation of trust. Chit fund software in chennai, tamil nadu get latest price from. Tightening the noose around chit fund companies in indore, the district administration on friday began investigation into the allegations against firm. Cfs is a chit fund management application software, which is unparallel and comprehensive chit fund software that covers each and every entity of chit fund company. Generics software is a cutting edge chit fund management software, specially designed for chit fund companies by the experts with more than 10 years of chit funds experience.
Section 2b of the under chit fund act 1982 defines chit as. Chit fund in mumbai balussery entered the commercial capital of india, then bombay, on 14th january 1958. Generic chit fund software application is easy to use,more reliable, stable,generic chit fund management software are specially designed for chit company to provide simple solution to chit complex accounts. It is a sort of a savings scheme practised in india. Chit fund software in india, retail pos billing software in india. Sree gokulam chits best chit funds in india best chit. Generic technology chit fund software is one of the best in chit software industry.
Generic is a fully loaded application which integrates all your chit fund activities. Chitfunds are a preferred choice of many businessmen. The foreman has to gather a group of persons to form a chit group, collecting money from each subscriber every month, arranging payment of prized money to one person each month. An act to provide for the regulation of chit funds and for matters connected therewith. Websoftex chitfund software is a web based application for chit fund companies. An example is the deepavali sweets fund, which has a specific end date about a week before deepavali. A chit fund is a very popular type of savings scheme in india it is one of the main parts of the unorganized money market industry. Kerala congress leader and former finance minister k. Chitfund software mazechit free chitfund software demo. Our expertised fully loaded chit fund application helps you to run a paper less office with high performance and reduces your running cost to a good extent. Chit fund software bangalore is a online web based software built especially for chit fund company with automatic posting of business data to accounts module.
Chit fund, online chit fund, chit fund mlm, chitfund. The process is 100% accurate reports user friendly will reduce our workload. Short title, extent and commencement 1 this act may be called the chit funds act. We take pride in rendering good and protective services to small medium industries smi. Like, company commission, discount, dividend, next installment, amount. Chit fund software chit fund management software chitcare. Over five decades ago, margadarsi chit fund showed the people of andhra pradesh the way for a happier life. A chit fund company is a company that conducts, manages, or supervises such a chit fund. Web based erp application, client server application, mobile modules etc. The time and effort saved can help you in ensuring the information you report and account is accurate. Generic technology, chit fund software, online chit fund.
Madurai sri rajeswari chit funds pvt ltd productservice. Some chit funds may be conducted as a savings scheme for specific purpose. Sree visalam chit fund ltd company, directors and contact. The chit and finance business started in a modest way at mylapore, chennai on 23rd july 1968, has grown in stature and size, through hard work, selfless service and prudent management practices. Online chit fund software in bangalore, chit fund company. Amended chit fund act brings tighter norms, transparency. Mani, a thorough chit professional, who joined as a whole time director in 1974, the branch with his skill and support of a team of dedicated staff, has seen a. Chit fund software in madurai, retail pos billing software. People look for scheme and gaining cash, for this they look for changed open doors. The chit fund company conducting the chit business also known as foreman charges 5% of the chit value as commission or service charge for the services rendered by it. And then select the ticket number you can type the bid amount remaining all the details generated in software. Online chit fund software chits software chitfund software.
Websoftex software solution pvt ltd, chit fund software plays a significant role in the present days. Mantix chit fund management software is a web based erp application software for chit fund companies that allows you to manage accounting, chit registration, groups formation, auction process, manage chit schemes, collections, online chit fund software is a web based erp application software and client server application for chitfund companies. A look at some of the best chit funds in india goodreturns. Mani has flayed the pravasi chit fund scheme announced by the government, alleging that it violated the central chit funds act and the.
A person can take part in bid auctions if he is far away from head office. We believe every customer is important to us and it is the key reason for our existence. This software can efficiently handle chit details these can maintain customer details. Excel based chit fund calculator and profit and loss. Chit expert is a cutting edge chit fund management software, specially designed for chit fund companies, developed by the experts with more than 10 ye madurai post free ad login register. Daily collection solution for chit fund company websoftex software s is a bangalore based company providing the best software solutions for daily collection software. The reason it has stood the test of time is that chit funds offer certain benefits no other financial product in. According to the definition given by chit funds act 1982, chit means a transaction whether called chit, chit fund, chitty, kuri or by any other name by or under which a person enters into an agreement with a specified number of persons that every one of them shall subscribe a certain sum of money or a certain quantity of grain instead by way of periodical installments over a definite period. The company service the middle income group people. Generic technology service provider of chit fund software.
This software handles all the activities that are being carried out by the chits. Software can keep the information update and subscribers payable and subscribers receivable and general ledger, these information must need for understand the chit company owner. No 2 2nd floor, east veli street, madurai bazaar, madurai 625001, opp chintamani theatre. Like, company commission, discount, dividend, next installment, amount payable this information you can save to the database. Financial intelligence unit india, ministry of finance, govt.
A chit fund is a type of rotating savings and credit association system practiced in india. While the investor get much more than what he would otherwise get with bank deposits, the borrower can save lots of interest in chitfunds. Aps technologies offers like textile billing software, textile management system, web design in madurai,seo madurai,web designing maducallrai,web development in madurai,seo in madurai and web designing companies madurai,seo madurai,seo expert madurai,seo services in madurai,seo in madurai,seo companies in madurai,web design companies in madurai,ecommerce website,php web. We have a dedicated team and works round the clock to provide all kinds of management services. As per the act, a chit means a transaction whether called chit, chit fund, chitty, kuri or by any other name by or under which a person enters into an agreement with a specif. Chit fund accounting software, chit fund pigmy software. Chit fund schemes may be organized by financial institutions. We have created the appropriate software for agents and distributors to remove practical problems in their traditional trading with our unique feature of. Members can see next payment information, amount to be paid along. Chit fund management software features is so simple and easy to understand. Mazechit is a userfriendly chit fund software that can be easily accessed anywhere, any time without. Two chit fund firms under scanner indore news times of india. We strongly believe that technology plays a major role in todays business environment. Cfms chit fund management system is a highly customizable webbased or cloudbased software application, which is designed to automate the processes of a variety of nonbanking financial institutions, especially chit funds.
Chit fund software is a web based application for chit fund companies. The tamil nadu chit fund companies association tncfca today appealed to the people not to confuse ponzi schemes, that offer unfeasible interest rates, cash prizes or gift articles for deposits, with chit funds which were traditional and highly regulated miscellaneous nonbanking financial companies. Mazechit is one of the best chit fund software application in india. Chit funds software from websoftex is best chit funds professional accounting software which specially developed for makes your accounting work easy.
Chit fund software demo free chit fund software chitcare. Be it enacted by parliament in the thirtythird year of the republic of india as follows chapter 1 preliminary. Karnataka chitsters association chit fund companies bangalore. Websoftex are providing chit fund softwares, best quality chit fund live demo and also will send demo links. We provide innovative, userfriendly solutions for daytoday business needs and for small and medium business and individuals. The purpose of this software is to have an effective communication process with the subscribers and the employees by kee.
It is classified as nongovt company and is registered at registrar of companies, chennai. Chit fund software in chennai, retail pos billing software in. In some variations of chit funds, the savings are for a specific purpose. Agent pro tradeplus agents and distributors are looking for high activity and 100% data production trading software for their business and its necessary too. We take pride in rendering good and protective services to small medium industries smi and other sector for more than 5 years. We are provide secure online access in our customer. Mukils software crm with inventory, daily collection. Chit fund software chit funds software from websoftex is best chit funds professional accounting software which specially developed for makes your accounting work easy.
Chit fund management is providing multiple range of solution for small and mid level chit fund companies,it cuts down reports preparation time and increases. At chit fund software company, we understand your need of having a software that can efficiently manage your chit activities. Chit fund software chit fund management software latest. Top 10 chit fund companies in coimbatore, agents, consultants. Activities of chit fund kuri companies, chit fund kuri companies activities. Our chit fund software comprises 33 different modules that cover each and every department of company and makes the functioning of any chit company effortless. Generics software is integrated with digital collection assistant which simplifies.
Sgcf, the flagship company of the gokulam group of companies is in its 4th decade of service to the nation. Fixed chit fund software generic fixed chit fund software is company set the payment chat for every month. Chit funds software from websoftex is best chit funds professional accounting software in agra which specially developed for makes your accounting work easy. Generic chit fund software is enable an you can enter chit information like chit subscribers paid and arrears details, cash and bank transactions. These can efficiently handle amount collection details. Registered in 2008, sri nithyakalyani chit funds p ltd. We provide a reliable chit fund management facility and it needs to be managed by group activities and customer database. Feb 11, 20 our chit fund software comprises 33 different modules that cover each and every department of company and makes the functioning of any chit company effortless. High risk involved in chit fund system,but at the same time chit fund given high returns and emergency reserve fund available very. A chit support company implies a company overseeing, conducting or supervising as foreman, agent or some other limit, chits as defined us 2 of the chit funds act 1982, as indicated by section 2b. Jayapriya chit fund is one of the largest and fast growing chit companies in tamilnadu. It is technology driven, highly secure and userfriendly. Margadarsi chit fund private provides various schemes like one of the names of the scheme is ste. Generic technology provide for best, top, quality, budget software for online chit fund management software, finance daily collection software,diwali fund software, retail billing supermarket software in affortable price in madurai.
Situated at veena vihar coop housing society, sion, east mumbai 400 022, a central location with easy access to sionmatunga kings circle and koliwada stations and very close to sion bus depot, it soon entered the heart of the people of. It has a network of 51 branches spread across tamilnadu, pondicherry and also in eight more district of tamilnadu. Chits the complete software for chit fund get latest price simple yet sophisticated, iq chits is a versatile software solution that cuts down reports preparation time and increases quality and accuracy of informations. Now chit funds are trying to carve out a cleaner identity, a campaign that culminated in a slew of amendments to the chit fund act.
Chit fund businesses help both the investors and also who need loan. Chit fund, chit fund software, online chit fund software. Chit fundin agra, chit fund software in agra, online chit. You can ensure greater resource savings and better use of your manpower. This allows the user creation as per the permission given by the admin. Chitcare online chit fund software demo free download, complete the form and our representative will contact you to arrange a time. Business listings of chit fund software, chit fund management software manufacturers, suppliers and exporters in chennai, tamil nadu along with their. These can maintain the chit taken details of every individual customer. Chit fund documentation, chit fund bulk sms communication. This chit fund is a government of karnataka institution. It is one of the simplest software dealing with chit fund amount transaction of a financial company. Click on scheme to view the branches in which the scheme is currently available.