Title: Chit Fund Pigmy India, Pigmy India, Pigmy Collection, Chit Fund Collection, Chit Fund Pigmy Collection India
1CHIT FUND VS PIGMY DEPOSIT
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2Daily collection loan is simplest money lending
technique as the loan amount will repay on daily
installment basis.
- Daily collection loan is simplest money lending
technique as the loan amount will repay on daily
installment basis. - This is very useful to small business firms, as
they can avail fund according to their need and
the flexibility to repay the amount with out much
harming their financial Operations
DAILY COLLECTION
3Daily collection loan is simplest money lending
technique as the loan amount will repay on daily
installment basis.
Daily collection loan is generally operated for
a small duration, example for period of 100 days,
and total interest payable for the loan period
will collect at the time loan payment itself as
initial payment.
DAILY COLLECTION LOAN
4Daily collection loan is simplest money lending
technique as the loan amount will repay on daily
installment basis.
- Saving money is an important aspect of life.
- Investing money is a desire of many.
- In India, many people are not yet involved in
the organized financial sector. - Many people of the lower income bracket opt to
invest in chit funds because they do not qualify
or have documentation for a bank account.
CHIT FUND
5Daily collection loan is simplest money lending
technique as the loan amount will repay on daily
installment basis.
- 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 deposits are a much
safer investment.
CHIT FUND
6Daily collection loan is simplest money lending
technique as the loan amount will repay on daily
installment basis.
- CHIT FUND
- Serves as investment and loan
- Risky
- Returns depend on bidding, lotteries
- Profit or loss
- RD OR PIGMY
- Only for investment
- Safe
- Fixed returns
- Guaranteed profit
CHIT FUND Vs PIGMY
7Daily collection loan is simplest money lending
technique as the loan amount will repay on daily
installment basis.
- RD OR PIGMY
- Higher rate of interest
- No processing charges
- Governed by terms and conditions of the bank
- No TDS
- CHIT FUND
- Relatively lower rate of interest
- 5 of the chit fund must be paid as commission
fees to the organizer every month - Governed by The Chit Funds Act 1982
CHIT FUND Vs PIGMY
8Daily collection loan is simplest money lending
technique as the loan amount will repay on daily
installment basis.
- It is safer to invest with a bank which ensures
your money is safe and guarantees you a fixed
return. - In the case of chit funds, you must have
knowledge about how it functions. - Some chit funds turn out to be scams and you can
lose your money. - Choose your fund wisely by checking if it is run
by the state government or if it is registered
under The Chit Funds Act.
WHICH ONE IS SAFE?
9Daily collection loan is simplest money lending
technique as the loan amount will repay on daily
installment basis.
- In some cases, some investors who have already
won the bid, fail to invest further which leads
to the chit fund failing. - However, this has been regulated by compulsory
collateral or another investors guarantee. - 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.
WHICH ONE IS SAFE?
10Daily collection loan is simplest money lending
technique as the loan amount will repay on daily
installment basis.
- Access restriction at company level and user
level. - Option to manage multiple companies separately.
- Support for data backup and restore.
- Manage all borrowers' details with photo.
SOFTWARE FEATURES
11Daily collection loan is simplest money lending
technique as the loan amount will repay on daily
installment basis.
- Easy loan credit method.
- Define Grace period for repayments.
- Bulk collection entry.
- Manage defaulters
- Manage other expenses and list them in day book
SOFTWARE FEATURES
12Daily collection loan is simplest money lending
technique as the loan amount will repay on daily
installment basis.
- Balance sheet with cash in hand management.
- Manage Chits opted from the company.
- Customizable and user friendly reports.
- Flexible balance report.
SOFTWARE FEATURES
13Daily collection loan is simplest money lending
technique as the loan amount will repay on daily
installment basis.
- Support for early and partial repayments.
- Export and import data to mobile app and work
remotely. - Automatic or manual loan closure option.
- Ability to generate receipts.
SOFTWARE FEATURES
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