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Dhanalakshmi Srinivasan Chit Funds Online Payment :

Organisation : Dhanalakshmi Srinivasan Chit Funds (P) Ltd
Facility Name : Pay Chits Online
Applicable State/UT : Tamilnadu, Andhra Pradesh, Telangana, Karnataka
Website :

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How To Pay DS Chits Online?

To Pay Dhanalakshmi Srinivasan DS Chits Online, Follow the below steps

Related / Similar Facility : Muthoot Chits Online Payment

Step-1 : Go to the link
Step-2 : Enter the buton “Customer Login”
Step-3 : Enter the Login Credentials and Submit to pay online

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FAQ On DS Chits

Frequently Asked Questions FAQ On DS Chits

What is a chit group?
A Chit group refers to a specified number of members agreeing to subscribe a specified amount for a specified period. For example, 40 members, 40 months, Rs.5000/- a month. The number of members and the number of months are to be the same.

How Chit Fund Works?
CHIT provides a good source of finance for different type of people viz., small investors, businessmen, small scale industrialists etc. CHIT is a good means of savings for any contingency requiring substantial amount. It serves all persons whether they desire for savings or borrowing to meet extraordinary expenses on special occasions like Marriages, Construction of houses , business , Education etc., Adequate care is necessary to choose a suitable Group.

The selection of a particular Group, largely depends on the subscriber’s capacity to provide surplus funds month after month from his normal income for this purpose. This aspect is very important for the subscriber as well as the company’s point of view to avoid any embarrassment at the time of releasing the prize money or in releasing chit instalments month after month.

Who is a foreman?
Any person under the Act responsible for the conduct of the chit and includes any Person, such as branch manager, discharging his functions.

Is the contract Of the subscribers with the foreman valid for an indefinite period?
No. It is valid only for the duration of a CHIT GROUP and until the liabilities of subscribers to foreman or vice versa are discharged or paid in full.

What Are The Benefits Of Chit Subscribers?
To save in small amounts to receive a lump sum during the period of chit. To borrow the future savings in advance. Some subscribers join chit funds to borrow and others to save.

What Is Chit Agreement?
The Chit agreement is a contract between the foreman and the individual subscribers to a chit group. It is a set of bye-laws or regulations dealing with the procedure for the conduct of chits. It will be signed in duplicate, duly witnessed.

How Are The Subscribers Enrolled For A Group?
The subscribers have to fill in an application form furnishing particulars of their names, residential and office addresses, approximate gross monthly salary, names of nominees and their relationship to them. They also have to sign the declaration that they have read and understood the terms & conditions of the Chit Agreement.


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