7 Things to Know About Chit Funds


BENAGLURU: Savings, the most integral part of our lives, savings starts from planning, and that leads to civilized life, hence many form of saving schemes have been part of the human history and chit fund is one among them.

Almost every other person in India might have invested his savings in the respective schemes, but we often hear news of fake chit funds in the country. Hence points below might help you in thinking of further investments. As reported by Yahoo! Finance

Types of chit funds:

 Fundamentally, chit funds are of three types, one is run among family, friends and acquaintances, the second one is run by the organizations which are registered under the regional governments and the third is established by the government itself. Mostly the one which is run by the reputed organizations and the government are highly trusted by the investors.

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