Sri Vijayaram Chit Funds Private Limited is incorporated in 1994 and chit groups that are duly registered with the Deputy Registrar of Chits at Salem are being conducted as per the regulations of the Chit Funds Act and Rules. The chit groups are formed with 20 or 25 subscribers. The chit durations are such as 10 months, 20 months, or 25 months. The chit amount is ranging from Rs.25,000/- to Rs.10,00,000/-. The Chit security in the form of Fixed Deposit with bank in favour of Deputy Registrar of Chits, Salem A/c Sri Vijayaram Chit Funds Private Limited, Attur is given by the Foreman. The subscriber who bids for the highest amount of discount subject to the maximum of 40% will be confired as the prized subscriber.



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