10 lakh chit for 20 months – Jainsons Fraternity Fund Nagpur

💰 10 lakh chit for 20 months – Jainsons Fraternity Fund

The 10 lakh chit for 20 months by Jainsons Fraternity Fund offers a simple, reliable, and transparent way to manage savings and access funds when needed. Chit funds have been a trusted form of community-based savings in India, allowing members to contribute monthly and receive lump-sum payouts through a fair draw system. This scheme is ideal for individuals and businesses looking for disciplined savings, emergency funds, or short-term investments.

📘 About the 10 lakh chit for 20 months

This scheme is designed to combine savings and investment in a structured format.

Each member contributes ₹50,000 per month, creating a pool of ₹10,00,000 every month. The collected fund is then distributed to one lucky member as per the draw system.

⚙️ How the Scheme Works (Step by Step)

🧩 Step 1: Formation of the Group

A group of 20 members is formed, each agreeing to contribute ₹50,000 per month for 20 months, creating a total chit value of ₹10,00,000.

💰 Step 2: Monthly Contribution

All members deposit their monthly contribution of ₹50,000, forming a pool of ₹10,00,000 each month.

🎟️ Step 3: Monthly Lucky Draw

At the end of every month, a lucky draw determines which member receives the payout for that cycle.

• If only one member requests the payout → that member automatically wins.

• If multiple members request → a lucky draw is conducted fairly among them.

🏆 Step 4: Payment to the Winner

The monthly winner receives ₹10,00,000 (after applicable deductions).
Up to 5% deduction may be applied as commission and administrative charges.

🔄 Step 5: Cycle Repeats

The same process continues each month until all 20 members have received their payout once. This ensures equal opportunity and fairness for everyone.

✅ Step 6: Completion of the Scheme

At the end of the 20th month, all members have received ₹10,00,000 once, marking the successful completion of the chit fund cycle.

🧮 Example Calculation

Let’s assume a member wins in the 5th month.

Members who receive the amount later gain the benefit of interest-free savings and disciplined financial growth.

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Why Choose Jainsons Fraternity Fund

At Jainsons Fraternity Fund, we take pride in offering a safe, transparent, and flexible platform for your financial growth. Our commitment to compliance, integrity, and customer trust makes us one of the most reliable chit fund companies in India. Here’s why thousands of members choose us:

• ✅ Government Compliance: We are a registered chit fund company operating under full legal supervision, ensuring your investments and contributions remain completely secure.

• 🔍 Transparent Operations: Every transaction, draw, and payout is conducted with full clarity and accountability, building long-term trust among all members.

• 💼 Flexible Plans: Our chit fund schemes are crafted to suit a wide range of financial needs, whether you’re saving for future goals or seeking immediate funds.

• 💡 Dual Member Benefits:

  • For Savers: A great platform for disciplined savings with the potential to earn regular returns, helping members steadily build wealth.

  • For Borrowers: A convenient, community-based alternative to traditional bank loans, offering quick access to funds for personal or business needs.

• ⏰ Reliable Payouts: Every draw is handled on schedule, ensuring timely disbursement so your financial planning never gets interrupted.

• 🏆 Expert Leadership: With decades of experience through our group companies, Jainsons Fraternity Fund stands for professional management, transparent practices, and a member-first approach.

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🌟 Key Benefits of Joining the Scheme

• Savers’ Benefit: Members who take the chit later in the cycle effectively earn interest through their disciplined savings.

• Borrowers’ Benefit: Members who need funds early can get access without bank loans and repay through easy monthly instalments.

• Fair and Transparent: The lucky draw system ensures every member has an equal chance of winning each month, maintaining complete transparency.

👥 Eligibility & Enrollment

Who Can Join:

• Salaried individuals

• Small business owners

• Self-employed professionals

• Homemakers

Documents Required:

• Valid ID Proof (Aadhaar / PAN)

• Address Proof

• Passport-size photo

Enrollment Process:

1. Visit the Jainsons Fraternity Fund office.

2. Choose your preferred scheme.

3. Complete the registration and submit the required documents.

4. Start contributing and enjoy safe, transparent savings.

📜 Important Terms & Conditions

• Each member must make their contribution before the draw date.

• A deduction of up to 5% is applicable on the payout for company commission.

• Lucky draw results are final and transparent.

• In case of delayed payment, late fees may apply.

• The scheme completes after all members have received their payout once.

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