Chit Value
₹2,00,000
Duration
25 Months
Members
25
Monthly Range
₹5,766 – ₹8,166
Total Payable
₹1,71,728
Maximum Prize Available
₹1,90,000 (Month 25)
Month-wise breakdown
Month 1 prize is reserved for the Company (Foreman).
| Month | Monthly Due (₹) | Prize Amount Available (₹) |
|---|---|---|
| 1 | ₹8,000 | Company (Foreman) |
| 2 | ₹5,766 | ₹1,30,000 |
| 3 | ₹5,846 | ₹1,32,000 |
| 4 | ₹5,926 | ₹1,34,000 |
| 5 | ₹6,006 | ₹1,36,000 |
| 6 | ₹6,086 | ₹1,38,000 |
| 7 | ₹6,166 | ₹1,40,000 |
| 8 | ₹6,262 | ₹1,42,400 |
| 9 | ₹6,278 | ₹1,42,800 |
| 10 | ₹6,294 | ₹1,43,200 |
| 11 | ₹6,406 | ₹1,46,000 |
| 12 | ₹6,518 | ₹1,48,800 |
| 13 | ₹6,630 | ₹1,51,600 |
| 14 | ₹6,758 | ₹1,54,800 |
| 15 | ₹6,886 | ₹1,58,000 |
| 16 | ₹7,014 | ₹1,61,200 |
| 17 | ₹7,142 | ₹1,64,400 |
| 18 | ₹7,270 | ₹1,67,600 |
| 19 | ₹7,398 | ₹1,70,800 |
| 20 | ₹7,526 | ₹1,74,000 |
| 21 | ₹7,654 | ₹1,77,200 |
| 22 | ₹7,782 | ₹1,80,400 |
| 23 | ₹7,910 | ₹1,83,600 |
| 24 | ₹8,038 | ₹1,86,800 |
| 25 | ₹8,166 | ₹1,90,000 |
Branch availability
Madurai
Required documents
- ID proof (Aadhaar / PAN)
- Address proof
- Recent passport-size photo
- Income proof (if applicable)
Important terms
- Plan operates under a registered chit agreement.
- Auction discount and dividend are subject to monthly outcomes.
- Foreman commission applies as per the agreement.
- Members must pay monthly instalments on time to avoid penalty.