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What is a Chit Fund?
How Does a Chit Fund Work?
Why Chit Fund?
Why Kopuram Chits Pvt Ltd?
RD (Recurring Deposit) vs Chit Fund
Benefits of Chit Funds
What is a Chit Fund?
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A Chit fund is a very old, traditional method which is being used by many individuals or communities as one of the financial aid nationwide. It is a collaborative savings and investment model that brings individuals together in a close-knit community. Members of a Chit Fund contribute fixed amounts at regular intervals for a predetermined period. The pooled funds are then distributed among members through an equitable system, offering participants the opportunity to access a lump sum amount when they need it the most.
How Does a Chit Fund Work?
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A chit fund is a scheme of concerted savings done under a group being formed through a selected scheme provided by a chit fund with a fixed amount. This common pool of pumping funds on a regular interval takes place with the existing subscribers or members (investors).
Why Chit Fund?
A chit fund can be an immersing financial discipline in every individual’s life. This scheme that is being involved through various Finserv platforms helps an individual towards a financial discipline to save a fixed amount regularly. Chit funds always act as a backbone to many people for their financial aid through varied schemes that different chit funds provide to their customers. The reason for every chit fund acting as financial aid for the people who urge such assistance would make effective use of it.Â
Why Kopuram Chits Pvt Ltd?
When financial aid arises within a nuclear family, then it is understood that a struggle towards unplanned need has commenced surprisingly. So here to safeguard every individual’s financial need in a safe bubble, our exclusive platform of chit funds has brought an exotic saving scheme that helps to satisfy customers with the help of saving money at regular intervals. This kind of traditional method makes the customer easily get acquainted with known and useful methods that provide trust, transparency, and security for a healthy life with chit funds only through Kopuram Chits Pvt Ltd. The reason behind every customer marching back behind Kopuram Chits Pvt Ltd is due to their vision of satisfying customers at every instance with their digital transition of one-touch cash which is exclusively structured as a customer-friendly aid. This made every customer’s mode of generating cash easier and feasible.
(Your money is safe & You can withdraw it any time unlike other chit companies)
One Touch Cash:
One of our esteemed digital-driven platforms with a proven track record for all the customers to make them understand our platform’s transparency is reached through the process of OTC. It is one of the processes that make the customer have the proper record that makes them understand the process. Here with the help of OTC, we are providing the most flexible plan of PMR (Prize Money Request ).Â
This process happens by the customer with the one-click that happens in the application. This platform supports with also high returns with the saving scheme and provides 24*7 customer support to make customers more satisfied. What is the wait for? Come on, let’s start saving for a happy future.
RD (Recurring Deposit) vs Chit Fund
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RD (Recurring Deposit) and Chit fund are the two financial instruments that have their valiant feature which prevails in the financial industry. RD (Recurring Deposit) is a financial product that is being offered by banks and other financial institutions. Wherein the individual pays money on a regular interval with a predetermined maturity value at a fixed period. This usually has a very low-interest rate when compared with Chit funds.
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Benefits of Chit Funds
Before an investment is made, certain key factors have to be noted. These are broadly discussed below:
Ease of Access towards funds: A chit fund scheme gives the loyalty of easy access towards funds. This applies to all the chit-fund platforms which are booming currently. They also provide an immediate requirement of financial aid whenever the customer needs money. Through a massive engagement of the users towards chit funds due to an financial flexibility, and transparency for winning trust is especially foreclosed by Kopuram Chits Pvt Ltd
Savings and Credit Options: Many scenarios have made people make saving and credit options a necessary piece of cake in their lives. But the help of their current savings through chit-fund schemes and credit options for their financial stability is needed.
Less on paperwork: when a chit fund is being started by an individual there is less amount of paperwork being involved for starting. After the period once an individual wins the PMR for financial aid, he will be helped with limited paperwork and given the assured money within the limited time frame and immediate measures will always be taken care of.
Submitting of Collateral to customer: When a customer seeks for a (PMR) Prize Money Request he is given the liberty to attain the needed cash at his required period of time. At this point of time, to make him understand the financial importance of the same, we would be providing him with the desired amount at his eligible month depending upon the scheme that he has incurred with. Collateral security is being gained from the individual while they are requesting the final tenure amount. This process purely happens to the customers for the individual having a want towards financial aid. It makes them move towards the flexibility of financial aid without affecting an individual’s cibil score. It happens with Kopuram Chits Pvt ltd exclusively.
Potential Return: a potential return is expected when an individual is investing in a chit fund. This is being realized according to the trend with which a maximum of 12% is achieved through various platforms. As we know chit funds are a booming platform for financial assistance, with the returns also high with the saving scheme which helps the future to be safe and secure with chit funds.
Kopuram ChitFund
Safe & Secured company for High Returns!
In the world that spins around money, be a financial literate by paying small and earning BIG by subscribing with us. Savings and borrowings together ensures the relationship which are based on trust between the subscribers which helps us to function in an easy, secure and transparent manner. Our chit products have been designed considering the financial wellness that gives you an astonishing solution.
First Chit Company in India Provides "One Touch Cash"
One Step Solution for all your financial needs!
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As the head of the function, defining and implementing the collection strategy for the company,
You will also have the ability and skill sets to liaise with law enforcement wherever needed.
Supports the development of the workforce plan for the collection function for creating a high performing team.
Manages and controls the operating framework for the collection function, provides guidance and support, ensures implementation and review of work processes in order to achieve high-performance standards and continuous improvement.
Conducts periodic meetings with Key partners to ensure business continuity and containment of losses.
Defines and designs strategic interventions to manage bounce rates, inflows, allocation and prioritization through segmentation.
Evaluates competition best practices and use the knowledge for defining or modifying collection processes and policies.
Defines and designs strategies to minimize NPA s and maximize recoveries.
Defines, designs and implement the collections process manual and standard operating procedures.
Builds and nurtures a culture of customer service-oriented collections.
Ensures compliance of people, processes and systems in the collections unit with regulatory norms and internal policies.
Uses Business process re-engineering to challenge status quo and improve efficiencies in collections processes.
Desired Candidate Profile
Must have 8 – 10 Years of Experience into Collection Segment
Must be good and capable of handling a team of 8 – 12 members
Well versed into Tamilnadu Locations
Must have a good credit profile
Through and detailed understandings of all brackets of collections
Must be targets and number driven
Working Experience into similar segment for more than 5 Years.
Join our Team!
We always welcome talented minds as a part of our Family!!