Blog tagged as Chit Funds

Chit Funds: Two sides of the coin

19.08.26 07:25 PM - By Anand Saravana Raj - Comment(s)
Chit Funds: Two sides of the coin

19th August is observed as Chit Fund Day, marking an important milestone in the history of one of India's oldest community-based financial mechanisms. On this day in 1982, the Chit Funds Act received Presidential assent, providing a formal statutory framework for regulating chit fund business in Ind...

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