NAGASHIVA CHIT FUND PRIVATE LIMITED
According to the 1982 Chit Fund Act, the company conducting the chit fund is Nagashiva.
The company Nagashiva has successfully conducted numerous chit groups across India for over 29 years, ensuring a safe approach to people’s investments.
5 lakh 20 months group how is it conducted?
1. Nagashiva company brings together 20 members to form a chit group. Each subscriber agrees to pay a monthly installment of ₹26,500 to the chit group for 20 months.
2. Each member can receive the chit amount through the auction only once during the 20-month period.
3. Nagashiva Company contracts with 20 members and An joint registrar appointed by the State Government obtains permission to operate the group by providing necessary security documents.
4. After obtaining the necessary approval from the joint registrar, Nagashiva company conducts the auction.
5. Every month, the money collected from the 20 members is given to the member who wins the auction.
6. Only subscribers who have not received the prize can participate in the auction.
7. The subscriber who bids with the highest discount will receive the chit amount.
8. If more than one person requests the maximum auction amount, one will be selected through a lucky draw system.
9. After obtaining the necessary security documents for the remaining monthly installments, the company provides the chit amount to the subscriber who won the auction.
10. Every month, subscribers will receive a portion of the amount as a discount share.
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- Very low intermediary costs
- Tax-free dividend amount
- Easy accessibility
- User-friendly service
- Hassle-free documentation compared to other chit schemes
A person who has not taken the chit amount can avail 50% of the amount they have paid as installments after 5 months, at a reduced interest rate. If repaid within 8 days, no interest will be charged. This service is available 24/7.
Before joining other chit fund companies
People should compare whether other companies provide the 100% transparent transactions and government-approved document services provided by Nagashiva Chit Fund Company.
We are proud to inform you that we are the first company to provide all transactions online at any time, making it accessible to every individual from anywhere in the world.
Chit auctions are conducted for amounts ranging from ₹5 lakhs to ₹50 lakhs
For more details: www.nagashiva.com
Maharashtra Head Office : Pune. MOB: 8698888108 / 8600000108
Tamil Nadu Head Office: Sendurai, Nagasiva Nagar. MOB: 8600088880 / 8999601719
Branch No: 2 – Chinnaiyampatti, Kottaiyur MOB: 7601827736 / 8698888108
Branch No: 3 – Dindigul, Airport Nagar MOB: 8788122039 / 9960885077
Whether you are planning for education, business needs, family expenses, or long-term savings, our team guides you at every step—from choosing the right chit group to timely payouts and complete account visibility—so you can invest with confidence and clarity.
My experience with Nagashiva Chit Fund has been very positive. The process is transparent, updates are clear, and the payout was timely when I needed funds. I feel confident continuing my investment with them.
