Chit fund software released chit fund businesschit fund moduleschit fund onlinechit fund concept. Abstract nonbanking financial companies are at all time high now a days. Chit fund software welcome to websoftex software solutions pvt. 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. Software comprises of all the essential facilities and features which required streamlining your chit fund. Chit fund management software in bangalore, best selling chit fund software. Generic chit fund software is the best software service provider in all over india. 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.
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. A chit fund is a type of rotating savings and credit association system practiced in india. 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. Looking for chit fund management system, its cover all the modules. Chit report, chit accounting, chit fund customer, chit module. Guarantor management easychit offers an intuitive guarantor management module. Generic chit fund software is cloudbased online chit fund.
A chit fund company means a company managing, conducting or supervising, as foremen, agent or. Chit fund software, online chit fund software, money chit. Chit fund software is a web based application for chit fund companies. Chit fund schemes may be organized by financial institutions, or informally among friends, relatives, or neighbours. Generic technology, chit fund software, online chit fund. Mazechit has 27 modules that enhance primary modules. 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.
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. However, a lot of people do not understand the working and wonder how chit fund works. According to section 2b of the chit fund act, 1982. 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. Best selling and comprehensive chit fund software, chit. Chit fund, online chit fund, chit fund mlm, chitfund. The software will send automatic sms when the chit payment and when chit payments are recieved. In this software we are provide chit fund software, online chit fund software. I would like this software to be developed using php. Grow your business with generic chit fund software chitfundsoftwares. Erp enterprise resource planning 560 degree solutions. 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 software chit fund management software youtube. 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. Chit management module at rs 54000 license chit fund software. We are powered to delivery custom application development, business intelligence solutions and performance engineering. A chit fund is a kind of savings scheme practiced in india. Our chit fund software modules perfectly match the chit fund activities. It is for chit fund software, online chit fund software, mobile application software, open chitfund, fixed. Generic technology chit fund software is one of the best solution for chit fund companies. Generic chit fund software is the best chit fund software in chit fund software industry. Many such companies have started offering lucrative schemes by promising high interest rates and borrowing schemes to their investors. Chit management module at rs 54000 license chit fund. Chit fund software in bengaluru, karnataka get latest price from.
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. Find here chit fund software, chit fund management software suppliers, manufacturers, wholesalers, traders. Functioning of chit funds are better explained using an example. The investor who bids the lowest for the total sum will win the lot. Chit fund software is an application which makes chit fund management easy. Grow your business with generic chit fund software. Peter drucker was paraphrased saying, what gets measured gets improved, and these words are accurate when it comes to database monitoring. The chit fund concept is a totally indian concept but the system has now won universal acclaim.
Few chit fund software searchers may have a question related to the accounting module. 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. The software also sends sms when the gold prices are low or when you choose to run offers or discounts. Teccsa is an ambitious leader in providing the clients with successful information technology services and business process outsourcing solutions. 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 chit scheme is also known by different names, such as chitty, kuri, chit, chit fund, etc. As these two modules are like the heart of the business, they will be. Generic software perfectly match the chit fund activities. Chit funds software from websoftex is best chit funds professional accounting software which specially developed for makes your accounting work easy. 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. This software have beed fully windows based will fulfill all your chit fund compaines transaction. This invariably increases sales and makes the loyalty better. Chit fund software chit fund management software chitcare. Chitcare mobile modules provides member module, directors module, business agent module, collection module with bluetooth printer. 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. A commission has to be paid to the chit fund company.
Our web based chit fund software helps you to monitor your chit activities and at the same time. Software for chit fund management software winsoft. 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. Online chit fund software in bangalore, chit fund company. On the first week all members will contribute rs 100. Our chit fund management software is a web based application for chit fund companies.
Chit fund software in tamil nadu chit fund management. Service tax gst exemption for chit fund subscribers industry. Generic chit fund software application is easy to use,more reliable, stable, generic chit. Which software is the best for a chit fund, online or offline. Easychit is a no brainer and a complete solution ever produced to manage a chit auction with security management for chit fund business. Generic technology chit fund software is best solution for chit fund companies. Chit manage, chitfund subscriber, chit report, chit accounting, chit fund customer, chit module. Chit fund software in hyderabad, retail pos billing. Chit start and auction dates are configurable during chit creation and each auction date is precomputed by the system. Nidhi banking software core banking software cooperative bank software chit fund software nbfc and microfinance software mlm software. Chit fund in hyderabad, chit funds software and chit value there is a new chit group that is commencing. 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. We designed chit fund accounting software under tamilnadu chit fund act. 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.
Chit funds management software is chit funds professional accounting software which specially developed for makes your accounting works easy. Chit fund software chit fund software is an application which makes chit fund management easy. 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. Is your chit fund software is having these core elemental features to take your chit fund. Nbfc, small finance bank, mfis, credit cooperative society, nidhi, chitfund, group finance, hire purchase, recovery agency, daily, weekly. A chit fund is a type of rotating savings and agreement among different persons i. At chitmonks, we are building indias largest blockchain network for savings and borrowings. Chit funds are considered as safe means for savings as well as loans. 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.
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. The chit fund company is a financial institution engaged in the principal business of managing, conducting and supervising the chit scheme. A savingscumloan scheme in which a number of contributors come together to invest a fixed sum every month. 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. Web based erp application, client server application, mobile modules etc. 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. A chit fund is a type of saving agreement signed among different persons i.
Chit fund erp software, chit management accounting software. Chit fund software modules can manage your chit oriented all business. The money is collected from the chit group and is put up for auction every month. Chit fund software is a completely stacked application which incorporates all your chit fund activities. This advanced easy to use software for chit finance management is fully packed with all the functionalities needed to handle chit fund business. We take pride in rendering good and protective services to small medium industries smi and other sector. A chit fund company is a company that manages, conducts, or supervises a chit scheme. Chitcare member module is very easy to use and very effective application for customers.
We require a ready made or a new application built in a short span of time. Jun 11, 2015 would a chit fund come under transaction in money so as to be excluded from the definition of service. Chit fund is defined as per the section 2b of the chit fund act, 1982. Tchits, is a revolutionary way of administering the registered chit fund business in the state. 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. 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. Websoftex chitfund software is a web based application for chit fund companies. Websoftex software solution have designed the most easy and user friendly simple to use android app for chit collectors. In the villages of kerala, many centuries ago, a small group of farmers operated a unique scheme.
Easy chit is a fullfeatured software to manage all types of chit projects like single auction per month, multiple auction per month etc. In mazechit, the accounting module has been included in it. Katsipro chit fund erp provides modules which has all the necessary features like appraisal report generation, dynamic reports generation. Chit fund, chit fund software, online chit fund software. Chit fund software is a completely stacked application which incorporates all your chit fund. Abstract nonbanking financial companies are at all. The concept of chit fund company and its registration process. In some variations of chit funds, the savings are for a specific purpose.
A definition of chit fund varies from person to person. We are providing best software for our valuable customers. As a whole this is efficient for all organization those. Chit fund management software features is so simple and easy to understand. Lets say there are 20 people who come together and form a group. Websoftex software solution has developed an android app especially for chit fund,and one among that is for chit collector. Generic chit fund accounting software have day book, cash book,bank book, ledger,balance sheet, trial balance.
Chit fund business in india is regulated under the chit fund act 1982. Chit fund software chit fund management software video. Pc clerk chits is the best softwar for chit fund management with reputed customers. Jun 20, 2017 issuu is a digital publishing platform that makes it simple to publish magazines, catalogs, newspapers, books, and more online. 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. Generic chit fund accounting software modules correctly calculation in chit fund business. For one set of people, it is a money deposit scheme, a saving cum investment scheme. A person makes an agreement with a certain number of people to contribute money together for a. Chitcare mobile modules chit fund management software. Online chit fund software chits software chitfund software. Chit management module buy chit fund software at best price of rs 54000 license from unique waves consultancy services private limited. Chit fund schemes may be organized by financial institutions, or informally among friends, relatives, or. It is a fraternity fund which is a 2 in1 savings cum lending instrument. A chit fund is a type of saving scheme where a specified number of subscribers contribute payments in instalment over a defined period.
Online chit fund software is a web based erp application software and client server application for chitfund companies. Generic chit fund software is awardwinning best chit fund software. The section 2 of chit fund act, 1982 specify the working of these funds and the definition of chit. It quickly ramp up business operations beyond a single branch to multiple branches across various.
Windows application software are called offline software. 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 application software development freelancer. Chit fund software websoftex chitfund software is a web based application for chit fund companies. 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. Excel based chit fund calculator and profit and loss account. 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. The chit fund company charges a service fee for conducting the scheme. Members can see next payment information, amount to. 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. Chit fund schemes may be organized by financial institutions. Generic chit fund software application is easy to use,more reliable, stable,generic chit.
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