Rules

  • The ceiling on the auction in all Chits will be from 30% up to 40% of the Chit Value.
  • 5% of the Chit Value will be the foreman's commission.
  • Subscribers who want to attend the auction should come in person or send their proxy with proper authorization letter at the time of auction.
  • Subscribers will be allowed to participate the auction only if they pay their installments up to date.
  • Dividend will not be allowed for delayed payments.
  • Chit amount will be releasing based on proper surety.
  • Chit cancellation amount will be refunded only after the termination of the group.
  • The company is not responsible for any payment given by the customer without proper receipt acknowledgment.