Generic software perfectly match the chit fund activities. Service tax gst exemption for chit fund subscribers industry. Chit fund software is a completely stacked application which incorporates all your chit fund activities. Jun 11, 2015 would a chit fund come under transaction in money so as to be excluded from the definition of service.
Chit fund software chit fund management software chitcare. We synergize chit fund companies, regulators, subscribers, banks, service providers, ecosystem enablers to drive the largest trusted network of savers and borrowers platform. Chit fund is defined as per the section 2b of the chit fund act, 1982. As per one definition, a chit fund company is the one which manages, conducts or supervises, as foremen, agent or in any other capacity, chits as defined in section 2 of the chit funds act, 1982. The concept of chit fund company and its registration process. Websoftex software solution has developed an android app especially for chit fund,and one among that is for chit collector. This software have beed fully windows based will fulfill all your chit fund compaines transaction. The software also sends sms when the gold prices are low or when you choose to run offers or discounts. Feb 11, 20 our chit fund software comprises 33 different modules that cover each and every department of company and makes the functioning of any chit company effortless. Chit management module at rs 54000 license chit fund. Chit fund software is a web based application for chit fund companies. This advanced easy to use software for chit finance management is fully packed with all the functionalities needed to handle chit fund business.
Generic chit fund software application is easy to use,more reliable, stable, generic chit. Chit fund software released chit fund businesschit fund moduleschit fund onlinechit fund concept. Websoftex chitfund software is a web based application for chit fund companies. Sep 04, 2012 our chit fund software comprises 33 different modules that cover each and every department of company and makes the functioning of any chit company effortless. Chit manage, chitfund subscriber, chit report, chit accounting, chit fund customer, chit module. Generic chit fund accounting software modules correctly calculation in chit fund business. Chit fund, online chit fund, chit fund mlm, chitfund. The investor who bids the lowest for the total sum will win the lot. For one set of people, it is a money deposit scheme, a saving cum investment scheme. Generic technology provide for best, top, quality, budget software for online chit fund management software, finance daily collection software,diwali fund software, retail billing supermarket software in.
Chit fund in hyderabad, chit funds software and chit value there is a new chit group that is commencing. Software for chit fund management software winsoft. Tchits, is a revolutionary way of administering the registered chit fund business in the state. Few chit fund software searchers may have a question related to the accounting module. It is for chit fund software, online chit fund software, mobile application software, open chitfund, fixed. A chit fund is a type of saving scheme where a specified number of subscribers contribute payments in instalment over a defined period. A chit fund company is a corporation that governs, handles, or deals with such a chit fund, as defined in section 2b of the chit funds act, 1982. Teccsa is an ambitious leader in providing the clients with successful information technology services and business process outsourcing solutions. Chitcare mobile modules chit fund management software. The chit fund company has played a dominant role in the financial development of the people of kerala by offering easy access to the credit. Chit management module at rs 54000 license chit fund software. Chit fund software is a completely stacked application which incorporates all your chit fund. Chit software is a cutting edge chit fund management software, extraordinarily intended for chit fund companies by the specialists with over 10 years of chit funds understanding.
Online chit fund software in bangalore, chit fund company. Abstract nonbanking financial companies are at all. In some variations of chit funds, the savings are for a specific purpose. Chit fund software chit fund management software youtube. Generic chit fund software is the best software service provider in all over india. Easy chit is a fullfeatured software to manage all types of chit projects like single auction per month, multiple auction per month etc. Mazechit has 27 modules that enhance primary modules. Chit fund software in hyderabad, retail pos billing.
Sep 25, 20 since the chit fund need to deposit 100% value of the pot with the registrar of chits prior to commencement of the chit scheme, small funds do not register themselves as then they will have to forgo the auction for the first month as the foreman is paid the first months fund to compensate himher for the deposit made. Unorganised chit funds in simple terms, a chit fund is an arrangement that a group of people arrive at to contribute money in a defined manner at periodic intervals into a pool or a kitty. Chit management module buy chit fund software at best price of rs 54000 license from unique waves consultancy services private limited. Chit fund software modules can manage your chit oriented all business. Dec 29, 2014 a group of people contribute towards the chit value and one member from the group is given the prize amount and dividends are distributed to all other members. Chit fund management software features is so simple and easy to understand. Take a typical chit fund with 25 members contributing rs 100 per week. This software systemizes all the activities that are being carried out by the chits. Generic chit fund software is awardwinning best chit fund software.
I would like this software to be developed using php. Find here chit fund software, chit fund management software suppliers, manufacturers, wholesalers, traders. Chit fund schemes may be organized by financial institutions. The chit scheme is also known by different names, such as chitty, kuri, chit, chit fund, etc. Peter drucker was paraphrased saying, what gets measured gets improved, and these words are accurate when it comes to database monitoring. Lets say there are 20 people who come together and form a group. Online chit fund software chits software chitfund software. Which software is the best for a chit fund, online or offline.
Generic chit fund software is the best chit fund software in chit fund software industry. According to the definition given by chit funds act 1982, chit means a transaction whether called chit, chit fund, chitty, kuri or by any other name by or under which a person enters into an agreement with a specified number of persons that every one of them shall subscribe a certain sum of money or a certain quantity of grain instead by way of periodical installments over a definite period. Websoftex software solution have designed the most easy and user friendly simple to use android app for chit collectors. The chit fund company is a financial institution engaged in the principal business of managing, conducting and supervising the chit scheme. A chit fund is a type of saving agreement signed among different persons i. We require a ready made or a new application built in a short span of time. A definition of chit fund varies from person to person. Chit funds are considered as safe means for savings as well as loans. We are providing best software for our valuable customers. A commission has to be paid to the chit fund company. Looking for chit fund management system, its cover all the modules. Nbfc, small finance bank, mfis, credit cooperative society, nidhi, chitfund, group finance, hire purchase, recovery agency, daily, weekly. It quickly ramp up business operations beyond a single branch to multiple branches across various.
As these two modules are like the heart of the business, they will be. Chit funds software from websoftex is best chit funds professional accounting software which specially developed for makes your accounting work easy. The chit fund concept is a totally indian concept but the system has now won universal acclaim. It is a fraternity fund which is a 2 in1 savings cum lending instrument. It brings the complete foreman organizations in the state and the registrars onto an immutable, smart contract enabled, highly secure blockchain system powered by chitmonks. The centre on monday moved the chit fund amendment bill, 2019 for passage in the lok sabha to facilitate orderly growth of the chit fund sector, but this was opposed by trinamool congress which. A chit fund company means a company managing, conducting or supervising, as foremen, agent or. Chit fund business in india is regulated under the chit fund act 1982. Generic chit fund software application is easy to use,more reliable, stable,generic chit fund management software are specially designed for chit company to provide simple solution to chit complex accounts. Generics software is a cutting edge chit fund management software, specially designed for chit fund companies by the experts with more than 10 years of chit funds experience. Members can see next payment information, amount to. Functioning of chit funds are better explained using an example. Easy chit chit fund management software easy chit is a fullfeatured software to manage all types of chit projects like single auction per month, multiple auction per month etc.
However, a lot of people do not understand the working and wonder how chit fund works. A savingscumloan scheme in which a number of contributors come together to invest a fixed sum every month. We are powered to delivery custom application development, business intelligence solutions and performance engineering. In the villages of kerala, many centuries ago, a small group of farmers operated a unique scheme. In mazechit, the accounting module has been included in it. We designed chit fund accounting software under tamilnadu chit fund act. The education guide on service tax clarified that the commission paid to foremen is consideration for the services provided by foremen in relation to chit fund and as such the same is not a transaction only in money. The money is collected from the chit group and is put up for auction every month. Chit fund application software development freelancer. Windows application software are called offline software. Generic chit fund accounting software have day book, cash book,bank book, ledger,balance sheet, trial balance.
A chit fund is a type of rotating savings and credit association system practiced in india. Is your chit fund software is having these core elemental features to take your chit fund. Chit fund schemes may be organized by financial institutions, or informally among friends, relatives, or neighbours. Nidhi banking software core banking software cooperative bank software chit fund software nbfc and microfinance software mlm software. The chit is the financial arrangement wherein a certain number of personssubscribers enter into an agreement that subscribes to a certain sum of money by way of installments over a definite. Chit fund erp software, chit management accounting software. Chit fund software chit fund software is an application which makes chit fund management easy.
Our chit fund management software is a web based application for chit fund companies. Generic technology provide for best, top, quality, budget software for online chit fund management software, finance daily collection software,diwali fund software, retail billing supermarket software in affortable price. Generic technology chit fund software is one of the best solution for chit fund companies. Grow your business with generic chit fund software chitfundsoftwares. Chit fund software in bengaluru, karnataka get latest price from. Jun 20, 2017 issuu is a digital publishing platform that makes it simple to publish magazines, catalogs, newspapers, books, and more online. Abstract nonbanking financial companies are at all time high now a days. Chitcare member module is very easy to use and very effective application for customers. Easychit is a no brainer and a complete solution ever produced to manage a chit auction with security management for chit fund business. Chit fund schemes may be organized by financial institutions, or informally among friends, relatives, or.
Grow your business with generic chit fund software. Chitcare mobile modules provides member module, directors module, business agent module, collection module with bluetooth printer. Erp enterprise resource planning 560 degree solutions. Feb 25, 2014 a chit fund company means a company managing, conducting or supervising, as foremen, agent or in any other capacity, chits as defined in section 2 of the chit funds act, 1982. Our web based chit fund software helps you to monitor your chit activities and at the same time.
Our chit fund software modules perfectly match the chit fund activities. Chit start and auction dates are configurable during chit creation and each auction date is precomputed by the system. Online chit fund software is a web based erp application software and client server application for chitfund companies. Web based erp application, client server application, mobile modules etc. Chit fund software in tamil nadu chit fund management. Chit fund software websoftex chitfund software is a web based application for chit fund companies. Generic technology chit fund software is best solution for chit fund companies.
Chit fund management software in bangalore, best selling chit fund software. Chit fund, chit fund software, online chit fund software. Katsipro chit fund erp provides modules which has all the necessary features like appraisal report generation, dynamic reports generation. Chit fund software is an application which makes chit fund management easy.
Guarantor management easychit offers an intuitive guarantor management module. Generic chit fund software application is easy to use,more reliable, stable,generic chit. In this software we are provide chit fund software, online chit fund software. Best selling and comprehensive chit fund software, chit. Chit fund software, online chit fund software, money chit. Chit fund software company an authorized software service provider engaged in chit fund software and chit fund mlm and pigmy banking software with maximum level protection. A chit fund is a type of rotating savings and agreement among different persons i. Jul 07, 2011 over the past many years there has been large scale frauds and scams done by large chit fund companies.
The software will send automatic sms when the chit payment and when chit payments are recieved. The chit fund company charges a service fee for conducting the scheme. Make your site in notime with your bootstrap wrapkit. Software comprises of all the essential facilities and features which required streamlining your chit fund. We take pride in rendering good and protective services to small medium industries smi and other sector. Excel based chit fund calculator and profit and loss account. This invariably increases sales and makes the loyalty better. A person makes an agreement with a certain number of people to contribute money together for a. A chit fund is a kind of savings scheme practiced in india.
Chit fund software welcome to websoftex software solutions pvt. As per the act, a chit means a transaction whether called chit, chit fund, chitty, kuri or by any other name by or under which a person enters into an agreement with a specif. Chit fund software chit fund management software video. Generic technology, chit fund software, online chit fund. Chit funds management software is chit funds professional accounting software which specially developed for makes your accounting works easy. Websoftex software solutions private limited, a bangalore based company, an authorized software service provider engaged in chit fund software or kuries software development in bangalore with maximum level protection. At chitmonks, we are building indias largest blockchain network for savings and borrowings.
Erp is an acronym for enterprise resource planning, and at basic level it integrates various functions of the organization and reduces redundancy and improves accuracy by streamlining the process flow across the entire organization. As a whole this is efficient for all organization those. Many such companies have started offering lucrative schemes by promising high interest rates and borrowing schemes to their investors. On the first week all members will contribute rs 100. Generic chit fund software is cloudbased online chit fund.
A chit fund company is a company that manages, conducts, or supervises a chit scheme. Aug 26, 2016 definition of chit fund as per section 2 b of the chit funds act 1982, chit means a transaction whether called chit, chit fund, chitty, kuri or by any other name by or under which a person enters into an agreement with a specified number of persons that every one of them shall subscribe a certain sum of money or a certain quantity of. Chit report, chit accounting, chit fund customer, chit module. Pc clerk chits is the best softwar for chit fund management with reputed customers. This software adhears to the need to automate the current system which is maintained manually. In the older days, chit fund company is manually managed with simple paperwork but it is very difficult to handle many groups, subscriber should go to an office. With integrated multiple modules easychit is value for money and a single window platform to run and manage a complete chit fund business without additional software. Our chit fund software comprises 33 different modules that cover each and every department of company and makes the functioning of any chit company effortless. The section 2 of chit fund act, 1982 specify the working of these funds and the definition of chit.
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