PRESERVE CHITS

The concept of chit funds is unique to India and has been in practice since thousands of years. Chit funds are basically the Indianised version of the Rotating Savings and Credit Association (ROSCA) that is practiced around the globe. Chit means a transaction under which a person comes under agreement with a specified individual of company where in the person will invest or subscribe a certain sum of money in periodic installments for a predetermined time frame. This enables the person to participate in an auction and be entitled to the prize money. Preserve Chits plays an important role in promoting the financial development of both you and your home and and is easy and innovative method that enables you to both save and borrow at the same time. It is considered as one of the best means to convert small savings into a lump sum amount. A bank only caters to a certain section of people and financial help requires laborious paperwork besides working during fixed hours. Preserve Chits on..

Also known as: Preserve Chits Pvt.Ltd.

Primary location: Mangalore India