Who can subscribe to a Chit Group?
Any individual above 18 years can register as a Chit member with Muthoot Chits. Suitable for individuals from all segments of society, chits delivers financial support for all your needs. Whether to meet a specific need or to suit your lifestyle, Muthoot Chits is the solution to all your requirements.
It is necessary to keep your ability to pay in mind when selecting a chit group from the multiple options. Keep the following points in mind before enrolling in any group: –
- Before enrolling in a Chit Group, familiarize yourself with the ‘Security Norms’ to be fulfilled at the time of Prize money disbursement.
- Decide an affordable monthly payment to ensure payment monthly instalments are paid before the due date smoothly.
- Check the terms and conditions of the auction process, the forfeiture penalty clause in the event of discontinuation, interest on late payments, etc.