About SCF

Chit is Margin of Safety

Before going to the shopping you take an inventory of articles and create a list for purchasing items which are required. And immediately you work out a cost statement like how much amount of cash required for purchase of listed items. Yes the required cash is loaded to the purse Out of the last month prices only we have prepared the approximate cost list. Yet you feel pleasant to have some extra Amount to comfortably complete the shopping and at times would also choose some additional items to purchase.

This extra cash is termed as margin of safety.

You may feel pleasant that monthly budgeting is thoroughly planned to cover the expenses and investments within your monthly income. This planning goes on each month without any difficulty. But sometimes, you may need to meet an urgent expense like wards education, marriage or any repair work to your house properly. It is at this time, the so far accumulated margin of safety cash will come to your rescue without disturbing the previously planned investment.

To create this margin of safety, investing in chits is one of the better options to choose and invest. Sreemathy Chit Funds gives you an opportunity to save money and also use the money whenever there is a necessity . Enclosed is the list of chit schemes which are suitable to various walks of people.

Sreemathy Chit Funds has received appreciation from many of our subscribers for speedy and pleasant approach in releasing the prize amount.

Sreemathy Chit Funds is known for its Strict Compliance to chit Fund Act and strict adherence to surety and security norms with clear transparency in the procedural aspects.

Sreemathy Chit Funds is known for Reminding at the right time the details of auction date, timings and last month bid amount and informing the results of the auction and next installment amount to be paid through the SMS.

Sreemathy Chit Funds is known for its transparency and collects No Enrollment Charges / Document charges and there are no hidden charges.

Sreemathy Chit Funds gives Bonus for prompt and regular remittance on due dates and also accords special privileges for long standing regular subscribers.

Sreemathy Chit Funds does only chit business and has no other business or interests in other business as advised by RBI.

For speedy redressal of any complaints from chit subscriber as well as for the recovery of chit dues, the Sub-Registrar has been appointed by the Government as an ‘ARBITRATOR’.

Salient Features of Sreemathy Chit Funds :-

1. Efficacious collection machinery ensures collection of more than 95% of the receivables.

2. Complaint- free from Subscriber or Regulator.

3. Prize money disbursed before due dates.

4. Collection of Chit installments at door steps.

5. Strict adherence to surety and security norms.

6. Strict compliance of Chit Act requirements.

7. Regular monthly intimations of chit installment and auction details.

8. Bonus for Prompt payments.

9. Special privileges to longstanding Subscribers with good track record.

10. Carrying on only Chit Business.

11. No Fixed Deposit accepted.

12. Transparency in Chit Operations.

13. No hidden costs.

14. No enrollment charges.

15. Conservative business policy.