Myths VS Facts About Chit Fund Chit business is a local financial instrument. a prudent method of saving money to meet short- and medium-term objectives. With no interest on the loans taken out, the chit industry helps many small and large-scale business investments with their financial demands. In India, it is a popular type of
A CONTINGENCY FUND: WHAT IS IT AND HOW IMPORTANT IS IT? Because life is unpredictable, surprises might happen at any time and take you off guard. Without planning for such circumstances, you not only find yourself in a terrible situation when it occurs but your future plans will also be derailed since you will be
Saving money is the most fundamental and responsible thing to do, and its significance is rarely contested. Saving money is one of the best financial habits to develop because it offers so many advantages. Chit Fund vs Mutual Funds is a couple of the more well-known products available on the market that can help you
What is Chit Fund? A rotating savings and credit association system known as a “Chit Fund” is used in India, Bangladesh, Sri Lanka, Pakistan, and other Asian nations. Chit fund schemes can be set up by financial institutions or unofficially among friends, family, and neighbours. Chit fund is an unique financial instrument with both Savings
