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MSIL CHITS
     
Benefits How it works Schemes Enrollment Know Your Dividend

Sailent features of MSIL Chit Schemes
   
» 100% Safety, Reliability and Transparency
» Dividend allowed from 2nd installment onwards
»
Chit schemes designed to suit different income groups
»
Prize money can be drawn on personal sureties up to a liability of Rs.3 lakhs
»
Security / surety norms apply to all subscribers without discrimination
   
»
Fixed Deposit Certificates, Bank Guarantees, NSC & LIC Policies are accepted as security
» Foreman's commission is only 5% of the chit amount
» Bidding is allowed up to a maximum of 40% of chit amount
» Enrolment is free of charge
 
Chits suitable for people of any income group are always open for subscription

The following groups of MSIL Chits are open for Enrolment. as on 01-06-2006

Sl No Monthly Sub-
Scription Rs.		 Duration
(Month)		 No of Sub-
Scribers		 Chit Amout
Rs,
1 1000 30 30 30,000
2 1000 40 40 40,000
3 1000 50 50 50,000
4 1500 40 40 60,000
5 2000 30 30 60,000
6 2000 50 50 1,00,000
7 2500 40 40 1,00,000
8 3000 30 30 90,000
9 3000 40 40 1,20,000
10 4000 30 30 1,20,000
11 4000 40 40 1,60,000
12 5000 30 30 1,50,000
13 5000 40 40 2,00,000
14 2000 40 40 80,000
Sanction order No 002 to 7 Date 23-05-2006
Sanction order No 008 to 13 Date 25-05-2006


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