How do I check my KSFE chitty online?

KSFE Online Payment

  1. Visit official site of KSFE. Open any browser and go through this link ksfe.com.
  2. Click on Pay Online.
  3. Tap on Pay Chitty.
  4. Enter required details.
  5. Fill code and Click on Search.
  6. Verify the chitty details carefully.
  7. Complete payment with any payment mode.

How is KSFE chitty calculated?

Total contribution/ investment =150*60 = 9000. i) If the chitty is auctioned at the 18th month/ instalment at a total discount of 5. 5% (including F. C), then the prize money payable is [Rs 100000 – 5500 = Rs 94500].

Can we take loan from KSFE chitty?

If you are a non-prized subscriber in a chitty and remitted 10% of the total number of instalments promptly, you are eligible for an advance up to 50% of the total chitty amount or sala (gross subscription to be remitted per month multiplied by the number of instalments in the Chitty).

How do I check my KSFE chitty payment?

Enter the Unique ID (CTB ID) as given from KSFE and click on Get Details. Subscriber Name, Chitty Details, Due Details, Amount Due and Payment Amount will be displayed on the screen. Enter Your Name, Date of Birth & Mobile Number. (This is required to reprint all your e- receipts if need arises).

Is there any app for KSFE?

KSFE Pravasi Chit on the App Store.

What is chitty number?

What is Chittal Number? In KSFE, each chitty has a fixed number of Tickets i.e. Subscribers. For example: A 40 months chitty will have 40 subscribers including Foreman (KSFE). Each subscriber is given a number ranging from 1 to 40. This number is called Chittal Number.

Is chitty a good investment?

Chit funds are not necessarily a bad investment. It has a bad reputation because it has been misused in the past to scam naive investors. There are Government-run and registered chit funds that are safe to invest in. On the other hand, recurring deposit are a much safer investment.

How do you calculate chitty interest?

The chit Foreman takes 5% chit commission each month as their fee (i.e 5% of 10 Lakhs = 50,000). Now 4 Lakhs – 50,000 = 3.5 Lakhs, this 3.5 Lakhs is distributed equally among the 50 subscribers (i.e 3.5 Lakhs/ 50 = 7000).

Can we pay KSFE online?

www.ksfe.com Online Payment Login : The subscriber can make payments via online using Internet Banking/Debit cards. You can also submit a cheque in any of the KSFE Branch or pay using the POS device available with KSFE agents.

Is chitty profitable?

Investing in a chit fund may result in a profit, but can also result in a loss. If you win a bid and end up investing more than what you got, then the chit fund becomes a loan. The loss can be considered interest payable on the loan.

How can I register chitty in Kerala?

Any valid registered Private or Public limited company intends to carry Chit Fund Business should apply for registration of the company with the District Registrar office of the Registration Department (shall be the Deputy Registrar of Chits of the respective Districts) and Sub-Registrar office (shall be the Assistant …

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