jayapriya chit funds

chits informations

The Rules followed by Jayapriya chit funds (P) Ltd - ( In compliance with the central Chit Funds Act 1982)

Auction Procedure:

Flat 40% discount is provided for physical Auction. Customer can ask for auction amount to their wish and get Benefit Auction Amount.

Chit dividend:

Chit Dividend amount should be equally divided and given to all the customer from the second month till the last month of chit period.


Customer has to submit any one of the security proof to get the chit auction amount.

Proof`s Required:

  • Pay slip of Employee.
  • Taxpaying Business people have to show the bank guarantee proof.
  • Submit the Assert value for double the amount of Installment value.
  • The security value should be reduced if the customer has paid more than half of his instalment period.
  • Company has full rights to accept or reject the security proof of the customer.
Chit Value No.Of Person`s for Security
Rs.1,00,000 /- 1
Rs. 2,00,000 /- 2
Rs. 2,50,000 /- 2
Rs. 5,00,000 /- 3
Rs. 10,00,000 /- 4

Auction Amount Distribution:

According to government rule, the company will distribute auction amount in 30 days. The chit auction amount is given in the form of crossed cheque to the customer.


Only 5% commission is available for the company.