Now NRI’s can also join in Chitties

Government of Kerala had, vide G.O.(MS)No.136/2015/TD dt 29-07-2015, permitted KSFE to enroll NRI’s in chitty conducted by the company. This is as per Government of India gazette notification no. 227 dt 13-04-2015.

Help Desk Number: Kozhikode Region, Mankavu (Branch Manager – (0)9496007383 / (0495)2333383)

To join in a KSFE chitty, you just need to fill a form, called variola. You can have the variola in person from our office at Mankavu, Calicut. If you can’t come in person, please fill the contact form given above. You may also send an email to 383@ksfe.com, or call (0)9496007383 or (0495)2333383. We shall send you the application form (variola) by e-mail or by post.

How can i invest in KSFE Chitty?

KSFE Calicut Mankavu Branch
offers Govt. Guaranteed Chitty 

As an alternative to the private chit promoters and with a view to socialise the chit fund business, the Government of Kerala took a decisive step in the year 1969 and started The Kerala State Financial Enterprises Limited (KSFE), as a fully Government owned Company. Beginning with Chitties, the company has over the years introduced several attractive schemes to cater to the needs of different classes of people.

Chitty is an indigenous household savings scheme with a loan facility built into it. Chitties are also known as Chitty, Chit funds, Chitti, or Kuri. There are more than 10 lakh subscribers in KSFE chitties conducted from the various branches with an aggregate monthly sala of more than 15 lakhs.

The following additional facilities are also available under the scheme:

i. Pass Book Loan: (PBL): is available to non-prized chitty subscribers depending upon the gross installment paid up, the period remaining for the termination of the chitty etc., without producing any additional security for the advance.
ii New Chitty Loan (NCL): is an advance upto 50% of the sala available to Non Prized Chitty subscribers, subject to certain terms and conditions. Separate security for the advance as per the directions in force must be produced.

How To Join?
To enroll in KSFE chitty, you need to submit a form, called VARIYOLA. You can obtain the variola in person from our office.    We will be sending you the application form (variola) by by post.

Download Variola

Newly Announced Chitties

The installment per month for chitties range from Rs. 2,500 to Rs. 5,00,000 and the usual duration of chitties are 25 months, 35 months, 40 months, 50 months, 60 months and 100 months.

10,000 * 100(Months) = 10 Lakhs

20,000 * 30(Months) = 6 Lakhs

10,000 * 30(Months) = 3 Lakhs

5,000 * 40(Months) = 2 Lakhs

2,500 * 40(Months) = 1 Lakhs

Other Schemes Offered are given below:

More info contact  : Kozhikode Region, Mankavu (Branch Manager – (0)9496007383 / (0495)2333383) / 9446152006
E-mail : 383@ksfe.com 

http://www.ksfemankavu.com