Organization Profile Year Of Company Establishment - 1974 Shriram groups of companies having operation in these 4 states : TAMILNADU KARNATAKA ANDHRA PRADESH MAHARASHTRA As Per The Declaration Given By High Court And Sales Tax Commissioner 4 State Are MERGED In SHRIRAM CHITS (INDIA) PRIVATE LTD On 01 Aug 2021. Name changed FROM SHRIRAM CHITS MAHARASHTRA LTD TO SHRIRAM CHITS INDIA PRIVATE LTD
SHRIRAM CHITS OVERVIEW THE CENRAL CHIT FUNDS ACT, 1982 Act. No. 40 of 1982 ‘An Act to provide for the Regulation of Chit Fund’s Companies and for matters connected therewith’ Shriram Chits Started its Operations since Year 1974 with a Single B ranch. In short span of time, Shriram Chits has grown into a Trusted H ousehold N ame for making Chits a Variable Forms of Savings & Borrowings to all Sections of S ociety. Using State of the Art Computer Systems / Networks and a Transparent Accounting S ystem, Shriram Chits have transformed this contemporary method of Savings into an attractive personalized alternative to the Banking System. Shriram Chits the B est Record for Timely D isbursement of Funds among all Chit Funds and offers to Excellent Customer S ervice.
CHIT AGENT SCHEME APRIL TO JUNE-2023
SCHEME A TARGET REWARDS 10 Chits or 1 Cr Chit B usiness Rs 5,000 Voucher 20 Chits or 2 Cr chit Business Rs 10,000 Voucher 30 Chits or 3 Cr Chit Business Domestic trip for 1 40 Chits or 4 Cr Chit Business Domestic trip for 1 + Rs 5,000 Voucher 50 Chits or 5 Cr Chit Business Domestic trip for 2 6 0 Chits or 6 Cr Chit Business Domestic trip for 2 + Rs 5,000 V oucher
SCHEME B ( combo with life insurance) Target Rewards RS 50,000/WRP 0.2% Extra Commission on Chit B usiness RS 1 LAKH WRP 0.3% Extra Commission on Chit B usiness RS 2 LAKH WRP 0.4% Extra Commission on Chits B usiness RS 3 LAKH WRP 0.5% Extra Commission on Chit B usiness RS 4 LAKH WRP 0.6% Extra Commission on Chit B usiness RS 5 LAKH WRP 0.7% Extra Commission on Chit B usiness
Terms & Conditions :- 1. This scheme is valid from 1st April 23 to 30th June 23 2. Chit with full subscription will be considered for scheme 3. A ny one of above scheme will be paid either A or B 4. Rs 1 Cr and above chit Business will not be considered for any of above scheme 5. For life insurance only process business will be considered for the scheme from 1st April 2023. 6. SLIC login up to 30th June and process up to 5th July will be considered for the scheme 7. only 3 chits of Rs 3lakh will be considered for every 10 tickets targets.
AGENTS FD SCHEME APRIL TO JUNE-2023 DEPOSIT MOBILISED (WEIGHTED) REWARDS 30 LAKH 3000 Gift Voucher 50 LAKH 7000 GV 1 CRORE 15000 GV 2.25 CRORE Domestic trip for 1 3.50 CRORE Domestic trip for 1 + Rs 15000 Voucher 4.50 CRORE Foreign Trip for 1
TENURE WEIGHTAGE WILL BE AS FOLLOWS TENURE WEIGHTAGE 12M & 18M 25% 24M & 30M 50% 36M & 42M 100% 48M & 50M 110% 60M 120%
DEPOSITE FOR WOMEN SCHEME
Additional interest of 0.50% P. A will be paid for senior citizen (completed age 60 years on the date of deposit/renewal) Additional interest of 0.25% P.A will be paid on all renewals , where the deposit is matured. Additional interest of 0.10% p.a. will be paid to Women Depositors
Life Insurance New Business Scheme 1 st April.-2023 to 30 th June.-2023 BUSINESS WRP GIFT 1 Lac. Rs.10,000 Worth Gold. 2 Lac. Rs. 20,000 Worth Gold. 3 Lac. Rs. 36,000 Worth Gold. 4 Lac. Rs. 52,000 Worth Gold. 5 Lac. Rs. 75,000 Worth Gold.