Chit Fund Pigmy India, Pigmy India, Pigmy Collection, Chit Fund Collection, Chit Fund Pigmy Collection India - PowerPoint PPT Presentation

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Chit Fund Pigmy India, Pigmy India, Pigmy Collection, Chit Fund Collection, Chit Fund Pigmy Collection India

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Chit Fund Software Bangalore is a online web based software built especially for Chit Fund company with automatic posting of business data to accounts module. Websoftex Chit Fund Software is a .NET based centralized database online software for Chit Fund company with core Chit Fund operations such Monthly Income Schemes, Dividend declarations, Management of Cheque book, Passbook and Bond. – PowerPoint PPT presentation

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Title: Chit Fund Pigmy India, Pigmy India, Pigmy Collection, Chit Fund Collection, Chit Fund Pigmy Collection India


1
CHIT FUND VS PIGMY DEPOSIT
www.websoftex.com
2
Daily 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
3
Daily 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
4
Daily 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
5
Daily 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
6
Daily 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
7
Daily 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
8
Daily 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?
9
Daily 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?
10
Daily 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
11
Daily 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
12
Daily 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
13
Daily 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
14
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