Among the innumerable savings schemes in India, Chit Funds have been one that hasn’t had it easy. Although the primary kind of savings scheme for people since decades there have been various reasons for the decline of this segment, primary among them being the flourishing of disorganised financial schemes conducted by an unscrupulous few.
Shanthala Chits has founded upon the dual traits of trust and sincerity two decades ago. A trusted savings and investment institution, the company started from a small space with 50 members in 1996, and backed by innovation, enterprising solutions and fresh perspectives, has gone on to carve a trusted niche for itself in a market flourishing with similar schemes.
Shanthala Chits considers itself to be a game-changer in the chit fund segment, helping people move back to a more reliable, effective and long term investment, savings & borrowings plan. If you are looking for a reliable company to partner with, who can be held accountable and relied on for every financial decision, there are 20 reasons why Shanthala Chit Funds can be the perfect investment vehicle for you.
Why Shanthala Chit Funds for perfect investment?
1. Shanthala is registered under the Chit Fund Act, 1982. As per the act, all financial transactions conducted by a registered body come within the ambit of the Central Government
2. Founded in 1996 by Mr Sridhar Alampalli, they have been in business for the last 20 years, with many members being with them from day one of operations
3. They are compliant with all government norms as mandated, which is also reiterated in all official documentation
4. Being a registered financial body, Shanthala Chits provides 100% security for your savings. All transactions are transparent, clear and concise.
5. Being customer friendly and empathising with members is one of Shanthala key defining attributes.
6. The company believes in total transparency of operations. All the members are addressed collectively on any inputs with chit fund scheme and instalments
7. Shanthala currently manages 53 Chit groups across Bangalore, with many former members still continuing since several years
8. The face value of the chit is always deposited with the Registrar of Chits prior to starting a New Chit Group
9. With Shanthala Chits, you can invest as low as Rs.6000 per month. Check here for our schemes
10. At the moment, Shanthala Chit Funds has 1,400+ satisfied customers
11. Shanthala offers one of the shortest term investment plans of 25 months
12. The Monthly Payable Instalment plans are pre-fixed and pre-conveyed to all members
13. The maximum ceiling on bidding is 30%
14. The entire chit fund scheme is technology friendly with ERP Software implementation, that ensures accountability and transparency
15. SMS and email alerts of auction dates and instalment reminders are automatically sent out at frequent intervals
16. Members are sent out the printed schedules of monthly payments and auction prize amounts
17. Shanthala Chits ensures the speedy disbursements of auction prize and maturity amounts
18. Financial investments with Shanthala Chits are risk-free and seamless, with every data conveyed to the members at all times.
19. Shanthala promises an assured rate of returns on investment to all its members
20. The company has an impeccable track record in managing financial investments and maintains strict professional discipline in all that it carries out.
There are several reasons why Shanthala Chits stands apart from other chit fund companies. A strong sense of accountability, with core values of integrity, truth and dependability have ensured the company sustains itself and its value through the years, differentiating it from other players.
For more details on Shanthala Chit funds Investments visit www.shanthalachits.com
Shantala Chits is in the business of chit funds for over 2 decades now. We are a Government approved chit fund company with a 24-year successful track record and thousands of satisfied customers. Shanthala Chits is registered under the Chit Fund Act of 1982, Government of Karnataka. We are one of the most popular chit fund houses based out of Bengaluru, known for our customer satisfaction and secure investments. Get in touch with us and start with an investment scheme. We will be glad to help you out with the right scheme that matches your needs.
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