Chit Value
₹5,00,000
Duration
25 Months
Members
25
Monthly Range
₹14,415 – ₹20,415
Total Payable
₹4,29,320
Maximum Prize Available
₹4,75,000 (Month 25)
Month-wise breakdown
Month 1 prize is reserved for the Company (Foreman).
| Month | Monthly Due (₹) | Prize Amount Available (₹) |
|---|---|---|
| 1 | ₹20,000 | Company (Foreman) |
| 2 | ₹14,415 | ₹3,25,000 |
| 3 | ₹14,615 | ₹3,30,000 |
| 4 | ₹14,815 | ₹3,35,000 |
| 5 | ₹15,015 | ₹3,40,000 |
| 6 | ₹15,215 | ₹3,45,000 |
| 7 | ₹15,415 | ₹3,50,000 |
| 8 | ₹15,655 | ₹3,56,000 |
| 9 | ₹15,695 | ₹3,57,000 |
| 10 | ₹15,735 | ₹3,58,000 |
| 11 | ₹16,015 | ₹3,65,000 |
| 12 | ₹16,295 | ₹3,72,000 |
| 13 | ₹16,575 | ₹3,79,000 |
| 14 | ₹16,895 | ₹3,87,000 |
| 15 | ₹17,215 | ₹3,95,000 |
| 16 | ₹17,535 | ₹4,03,000 |
| 17 | ₹17,855 | ₹4,11,000 |
| 18 | ₹18,175 | ₹4,19,000 |
| 19 | ₹18,495 | ₹4,27,000 |
| 20 | ₹18,815 | ₹4,35,000 |
| 21 | ₹19,135 | ₹4,43,000 |
| 22 | ₹19,455 | ₹4,51,000 |
| 23 | ₹19,775 | ₹4,59,000 |
| 24 | ₹20,095 | ₹4,67,000 |
| 25 | ₹20,415 | ₹4,75,000 |
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.