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Traditional Chits Vs. eChits

In our previous articles, we have made a clear comparison of how chits are a safe option for savings. We also made a caution that registered chits only provide you the much needed security. In this article, we will make a quick comparison of chits and eChits. For the benefit of the audience, we will […]

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27 Sep
By: Shravan Comments 0
Chits Vs. Mutual Funds Vs. Recurring Deposits: What should you choose?

When it comes to small investments or savings, this is the most common question in the minds of general public. Out of the many options we have in this space, we are most prone towards the three options of chit funds, mutual funds and recurring deposits. We make an effort to analyse them and try […]

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24 Sep
By: Shravan Comments 0
How Chit Fund Works?

Many of us must have heard or have an impression how chits work informally from the instances we have seen with our common friends or a neighbour from the community. Let’s make a detailed effort as to understand how chit actually works. It’s a simple concept. To make it further simple, we at IBG eChits […]

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20 Sep
By: Shravan Comments 0
Six Reasons why you should invest in Chits

Most of us heard the term chits and should be having an experience of investing chits with a common friend or a neighbour in a residential community. Did you know that these investments are not secure, though they are trustworthy. There is no legal cover in case of a dispute or conflict of interest. This […]

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16 Sep
By: Shravan Comments 0
Story Of IBG eChits

At IBG eChits, we believe that trust is the foundation of our relationship with customer. We believe that transparency is the currency of the TRUST. We systematically and proactively share information with customer and other stake holders. All the approvals are shared upfront with the customer and we follow strict TAT for verification and prize […]

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15 Sep
By: echits Comments 0
Chit Funds And Tax

Chit Fund Tax Benefits  The purpose of any investment is to generate a return. However, without proper homework, without understanding taxation, optimal returns are not possible. This blog deals with taxation and chit fund tax benefits. Here’s our take on the various tax scenarios for investments in chit funds in general. 2 different kinds of […]

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15 Sep
By: echits Comments 0
Registered Chit Funds & Scams

Registered Chit Funds Vs Fraudulent investment Schemes Fraudulent investment schemes where investors are lured into parking their funds with promises of high returns are not unusual in India. Some of the biggest include the Sahara and the Saradha chit fund fraud, which have duped investors of more than INR 66,895 crore(between them). But the problem is […]

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15 Sep
By: echits Comments 0