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KSFE Pravasi Chitty: Everything NRKs Need in a Chitty

We, then at KSFE Attingal Evening Branch, started this blog in 2009. The one question we have been receiving for all these years is this (...

Sunday, November 15, 2009

KSFE Pravasi Bandhu chitties launched

The finance minister of Kerala, Dr. T.M. Thomas Isaac inaugurated pravasi bandhu chitty 2009 yesterday in Kochi. He promised to start a subsidiary in Gulf countries. It will allow gulf malayalis to remit the chitty installment directly.

Read a more detailed report here and watch the Youtube video of his speech here.

106 comments:

  1. can i pay the installment of chitty from uae?

    ReplyDelete
  2. Yes. You can.

    You may send a cheque or DD to the branch.

    You can opt for the online transfer option as well. You need to have a bank account in an Indian bank (SBT, SBI, ICICI, ...) that supports NEFT facility

    ReplyDelete
  3. sujitha: Hello Sir,

    Due to financial reasons if i drop the Pravasi Bandhu chitty after one year will I get back full money that i have paid till then? Please do explain in detail.

    ReplyDelete
  4. Madam, Thanks for visiting.

    AS for your doubt, you are likely to get more amount than what you remitted.

    For example, suppose you have remiited 12 installments of a chitty of 3 lakhs (Rs.10000 x 30 montsh). The total amount you remitted can be, for example, 85000/- (provided you get Rs.15000 as dividend for the first 10 instalments). Once the chitty is over, you will get Rs. 95000/-.

    We calculate the total amount you remiited as Rs.100000/- (Rs. 10000 x 10 months). We deduct 5% foreman commission from the amount you paid. You will get Rs.95000/- (100000-5000). We may deduct any other charges applicable from time to time, such as postage or service charge. Even after deducting these charges, you are likely to get about Rs.94600/- in this particular example.

    In short, we give dividend even for defaulting customers. Hope it is clear.

    ReplyDelete
    Replies
    1. Pl can u send me another Chitti details

      Delete
    2. Bhanu Prakash. Please send your email address.

      Delete
  5. Hi all
    my name is toni from attingal. I wish to know about the terms and condition including payment mode about pravasabandhu chitty. Now I am working in qatar. My contact deatils are given below
    tonimani@gmail.com

    ReplyDelete
  6. Dear Toni

    We have sent you a mail. Please check your mail. Thanks for visiting.

    ReplyDelete
  7. Hai I'm Manzoor from Oman, would like to know more about pravasi chitties. Also i have been already taken 2 norsmal chitties.
    eI woulid like to jtoin pratvasi chitteis.......so please send me the details to manzooree@gmail.com

    ReplyDelete
  8. Dear Manzoo

    We have sent you a mail. Please check your inbox

    ReplyDelete
  9. hi,

    I want to know if i can send the remittance for ksfe through dd within india.

    ReplyDelete
  10. Shinoy,

    You can make remittance through demand drafts from all the major banks. Take the DD in favor of the KSFE branch in which you have chittty. Thanks for visiting.

    ReplyDelete
  11. HI
    I am working in uk. I do not know much about chittis.If I am paying 20000 for 25 months and if my return is only 500000 what is my profit??? 0% intrest rate?? pls explain how it works... alexleena@yahoo.com.sg
    thanks

    ReplyDelete
  12. Thanks for the question, madam.

    To learn how chitties work, visit this link.

    Please understand that for the chitty Rs. 20000 x 25 months - you do not have to pay Rs. 500000/-. You will get dividend. This is your profit. Also, you will get the prize amount, well before you remit the completed installments. You can put it an FD and avail interest, if you wish to. Please go through the above-linked page to get a clearer idea.

    ReplyDelete
  13. Hi, i am riju working in saudi arabia and i would like to join a new chitty starting from next month. Please provide me the new chittis detais. This is my emai - rijupallickal@gmail.com

    ReplyDelete
  14. Riju,

    Please check your inbox. We have sent the application form and other details in an email.

    ReplyDelete
  15. Hi,my name is Mithun.I would like to know the details of chitties that i can join from next month.So please send me the details.My e-mail id is: mithunm001@gmail.com

    ReplyDelete
  16. Mithun

    We have sent you an email. Please check your inbox.

    Please specify your native place in Kerala, so that we can direct you to the nearest branch.

    ReplyDelete
  17. Hi There,
    I would like know more about Pravasi Bandhu chittu. Iam residing in Australia so would like to know the possible mode of payments to Thoppumpady (Ernakulam)branch. It would be appreciable if you can help me asap so that I can join next month itself..

    My email Id :minootty_41@yahoo.co.in

    ReplyDelete
  18. Minu, thanks for the comment.


    KSFE has been launching two special schemes over the last three years: Ponnona chitty and Pravasibandhu chitty. The chitties during special schemes offer additional benefits to the customers in the form of prizes and privileges. The basic idea behind the schemes is to share the company’s profit with the customers.

    Ponnona chitty

    Ponnona chitties are launched during the time of Onam. The prizes of this scheme include cars, motor bikes, and gold coins and privileges include enhanced interest rates for fixed deposits, insurance protection, and special loan schemes.

    Pravasibandhu chitty

    The pravasibandhu chitty scheme is normally launched in November. The prizes include cars, flight tickets to Dubai, and gold coins. The privileges remain the same as that of ponnona chitty.
    In other aspects, the chitties of these schemes are like any other KSFE chitty.

    Pravasibandhu chitty scheme closed on February 19, 2011. Now you can enroll in regular chitties. We have sent an email, detailing the branch address and with the application in PDF format.

    ReplyDelete
  19. Hi, my name is Betty..Im currently working in Kuwait and is interested in Ponnona or Pravasibandhu chitty..Kindly send me details of both these chitties..also note Im settled in Mumbai hence it will be difficult for me to choose any one particular branch in Kerala..would appreciate if you could help me out with this..You may get in touch with me at bettystephen@gmail.com
    Thanx!!

    ReplyDelete
  20. Betty, Thanks for showing interest in our chitties. At present, we do not have any branches outside Kerala. We would be happy to enroll in one of the chitties in our branch. But please bear in mind that you will have to come to the branch at least once, preferably at the time of receiving prize money. If that's okay, then we can proceed. We have sent a mail to the email ID provided. Please check your inbox.

    ReplyDelete
  21. hello sir

    my name sajimon working in qatar i need a new chitty how can join pls send to my email id sajisaleem@gmail.com

    ReplyDelete
  22. Sajimon, Thanks for the comment. Mail sent to the address provided.

    ReplyDelete
  23. Hi

    My name is Anish. I am working in Qatar .can you please send me more details about Pravasi Bandhu Chitty's.i belongs to varkala,TVM,Kerala. and have an NRI account in SBT..is it possible can i pay through my NRI acco. please mail me the details my id- connectanish@gmail.com..Thank you

    Anish kumar

    ReplyDelete
  24. ha and please send me the forms aswell...

    Anish kumar

    ReplyDelete
  25. Anish

    Thanks for visiting.

    Mail sent to your email ID.

    ReplyDelete
  26. Hi, my name is Praveen Im currently working in UAE, Iam interested in Ponnona or Pravasibandhu chitty. Kindly send me details of both these chitties. You may get in touch with me at praveenlal2179@gmail.com
    Thanx!!

    ReplyDelete
  27. Praveen,

    Thanks for commenting.

    Mail sent to the email ID provided.

    ReplyDelete
  28. Dear Sir,

    My name is Arvin working in Abu dhabi, I would like to join the pravasi bandhu chitty scheme, It will be highly appreciated if you could send me the terms and condition and payment mode which are accepted. My contact details are shown below.
    Mob-00971557794368,
    Email- josepharvin85@gmail.com
    Thanks & Regards
    Arvin

    ReplyDelete
  29. Arvin,

    Thanks for showing interest in our chitties. Mail sent to the email ID provided.

    ReplyDelete
  30. Hi all
    my name is johnson from abudhabi. I wish to know about the terms and condition including payment mode about pravasabandhu chitty and other chitties.My contact deatils are given below

    johnyjoseee@gmail.com

    ReplyDelete
  31. Johnson Jose,

    Thanks for coming. Mail sent to the email ID provided.

    ReplyDelete
  32. Dear sir,my wife have chitty in Thodupuzha branch.now we are in abudhabi. so pls give the details of payment through online .
    my mail id-johnyjoseee@gmail.com

    ReplyDelete
  33. Johnson Jose,

    Mail sent to the ID provided. Thanks for asking.

    ReplyDelete
  34. dear sir,
    My name is Nawab jan. I am from ksa. I want to know wheather you are starting a chitty of 5lakhs which will finish within 40 months and about the mode of payment in Konni branch. You can contact me at rihana_razak@yahoo.com

    ReplyDelete
  35. Razak,


    The chitty you require is Rs. 12500 x 40 months- Rs. 5 lakhs. But it is not a common chitty pattern. Anyways, please contact KSFE Konni branch at this address:

    KSFE, KONNI
    ELANJIKKAL BUILDING,POST OFFICE ROAD
    KONNI.PIN - 689 691
    Phone : (0468) 2242417
    MOB: 9447797161
    E-mail : 161@ksfe.com

    Other chitty patterns you might be interested are

    Rs. 10000 x 50 months - Rs. 5 lakhs
    Rs. 10000 x 30 months - Rs. 3 lakhs

    ReplyDelete
  36. Dear Sir,
    Whether KSFE has any branches outside kerala? I am from haripad & I live in Coimbatore. Can you please explain me how can i make use of KSFE services being in Coimbatore? Its difficult for me to send Cheque leaves every month to Haripad branch. I am mainly interested in online banking usage.

    BR,
    Renjith.

    ReplyDelete
  37. Renjith MR

    Thanks for your comment.
    KSFE does not have any branches outside Kerala at present. From what we understood from your comment, we can only suggest two options: 1. Start a chitty in a KSFE branch in Palakkad, which is near to Koimbatore or 2. start chitty in Harippad branch and transfer funds through NEFT.

    You can get details of all the branches of KSFE in Palakkad district from this page: http://www.ksfe.com/branchlist.htm#pkd

    As for joining Harippad branch, we don't know whether they support online transfer facility, which is available in only selected branches of KSFE. Please check with the manager of KSFE, Haripad. They have a blog: http://ksfehpd.blogspot.com/

    And their address is

    KSFE, HARIPAD
    ALAMPALLIL BUILDING,
    NEAR K.S.R.T.C. BUS STATION
    HARIPAD, PIN - 690 514.
    Phone : (0479) 2412792
    Mob: 9447797060
    E-mail : 60@ksfe.com

    Hope it's clear.

    ReplyDelete
  38. Dear Sir,
    In your reply to Mr Razak you have mentioned that the chitty 12500 x 40 is not a common chitty pattern. Can you please explain the difference between common pattern and otherwise?

    ReplyDelete
  39. Dear sir,
    i am Shihab from ksa. I would like to join the pravasabandhu chitty and other chitties.My contact deatils are given below.can you please send me more details about chitty. and have an NRI account in SBT kilikolloor Br.Kollam DT.is it possible can i pay through my NRI account.please send to me details.
    i am interesting to chitty open in kundar br. kollam.
    Ph:00966552757364
    epshihab@gmail.com

    ReplyDelete
  40. epshihab,

    Thanks for your comment. Pravasibandhu chitty has been discontinued. We have another scheme now instead: Suvarna Sreyas chitties. Hope you would like to join in that scheme. A detailed mail sent to your mail ID. Happy New Year!

    ReplyDelete
  41. Dear sir,

    I am a NRE working in UAE, I would like to know about any new chitties starting for the period of 5 years/60 months by this new year? My nearest branches are in Chalakudy / Irinjalakuda

    Reghunath
    Abu Dhabi

    ReplyDelete
  42. Reghu, thanks for your comment. Here are the contact details of KSFE branches in Chalakudy and Irinjalakuda:

    KSFE, CHALAKUDY
    MUNICIPAL BUS STAND BUILDING
    SOUTH JUNCTION, CHALAKUDY
    THRISSUR -680 307
    Phone : (0480) 2701685, Mob: 9447797019
    E-mail : 19@ksfe.com

    KSFE, CHALAKUDY EVENING
    PAUL ARCADE, I FLOOR,
    R.S. ROAD, CHALAKUDY
    THRISSUR -680 307
    Phone : (0480) 2709 549, Mob: 9496013357
    E-mail : 357@ksfe.com

    KSFE, IRINJALAKUDA
    CHITTILAPPILLY TOWER
    OPPOSITE TO TOWN HALL, NADA,
    IRINJALAKUDA - 680 121.
    Phone : (0480) 2826827, Mob: 9447797039
    E-mail : 39@ksfe.com

    Both Chalakudi Evening and Irinjalakuda branches have Rs. 5000 x 60 months chits. You can get the details of other chits of these branches from this page: http://www.ksfe.com/newchits.htm

    ReplyDelete
  43. This comment has been removed by the author.

    ReplyDelete
  44. Sir,

    Please send me the details of Suvarna Sreyas chitties to my mail, swathi77p@gmail.com

    ReplyDelete
  45. sw@th!, Thanks for the comment. Mail sent to your email ID.

    ReplyDelete
  46. Dear Sir,
    my name is kumar working in dubai,,i would like to know the details of pravasi bandhu chitties,,
    if you dont mind can you please send the details to my mail id,,,

    ReplyDelete
  47. Kumar, Thanks for your comment.

    We do not have your email ID. So can't send mail to your ID.

    Pravasibandhu chit scheme has been stopped. Now KSFE offers Suvarna Sreyas chitty schemes. It offers gold prizes. First prize is 25 sovereigns of gold and second prize is 10 sovereigns of gold.The scheme also provides special car loan facility and special chitty loan option.

    Kindly send your address in Kerala. We shall direct you to the nearest branch of KSFE.

    ReplyDelete
    Replies
    1. Dear Sir /Madam ......
      Myself sheeja, working in UAE ...I would like to join in the pravasi chitti scheme starting from feb 2012 , what should I do for this ?..Please send me the details to sheejaskumar2703@gmail.com...Your help will be highly appreciated .Thanks

      Delete
    2. Hi ....If the pravsai chitty scheme has been stopped then you can send me the details to join the scheme advised to Mr.Kumar...Thanks

      Delete
  48. Hi,
    please send me the details of Suvarna Sreyas chitty schemes, i am working in dubai, my email:nblkv@yahoo.co.in

    thanks

    ReplyDelete
  49. sheeja, nab

    Thanks for your comments. Mails sent to the email IDs provided. Kindly reply.

    ReplyDelete
  50. I am Mr.Prem Jose Antony working in Abudhabi.Could you please suggest me a good chitty scheme and I am looking for a small investment scheme. Would like to do payment through online. Please send me the details. Hope you will direct me and help me in clearing my doubts as I dont have clear idea regarding this. Thanks in Advance
    .premjose786@gmail.com

    ReplyDelete
  51. Mr. Prem Jose Antony

    Thanks for visiting our blog and expressing interest in chits. Mail sent to your mail ID.

    To others: Kindly mention your home town in Kerala, so that we can direct you to the nearest branch of KSFE. Thanks.

    ReplyDelete
  52. I am sasikala from QATAR COULD YOU PLEASE SUGGEST ME A GOOD CHITTY SCHEME AND ALL DETAILS . MY NEAREST BRANCH IN PATHANAMTHITTA. HOPE YOU WILL HELP ME IN CLEARING MY DOUBTS.
    THANKS

    ReplyDelete
  53. Sasikala

    Thanks for your comments. We have a number of chitty schemes. If you want avail prize money quickly, it would be better to join short-term chits (25 months, 30 months or 40 months). If you look for high dividend schemes, 100-month chits are for you.

    If you have any specific doubts, feel free to ask. It would be better if you contact the manager of Pathanamthitta branch of KSFE:

    KSFE, PATHANAMTHITTA I
    KUZHIYIL BUILDING, OPP.MUNICIPAL OFFICE,
    MARKET ROAD, PATHANAMTHITTA - 689 645
    Phone : (0468) 2222436
    Mob: 9447797033
    E-mail : 33@ksfe.com

    KSFE, PATHANAMTHITTA II
    N.S.S. BUILDING, PATHANAMTHITTA P.O.,
    PATHANAMTHITTA - 689 645
    Phone : (0468) -2325511
    E-mail : 321@ksfe.com

    ReplyDelete
  54. sir/madam
    my name is lijina,i would like to know about the new chitty plans ,interest,and the other details.could you please send me information at "lijina007@yahoo.com
    thanking you,
    lijina rashid
    uae

    ReplyDelete
  55. Lijina, Thanks for your comment. A detailed mail sent to your mail ID. Waiting for your response.

    ReplyDelete
  56. Dear Sir,
    My Name is Vinu Cleetus and i am from Qatar. I very much wish to start a new chitty with KSFE. But I am not much of an expert on how chitty works.PLease advice me on the following.
    1)About the various chitties that are available at your end.
    2)Mode of Payment? Can I make payment from my SB Account
    3)Can I start my account when I am here at Qatar.(My Parents can visit the Branch)
    4)Offers or Benefits of joining a Chitty
    5)Service Charges or Fees if any

    My Emaid - vinucleetus2005@gmail.com
    00974-66060527

    ReplyDelete
  57. vinucleetus2005

    Thanks for your comment. A mail sent to the email ID provided. We are posting your questions and our answers here as well.


    1)About the various chitties that are available at your end?

    We have chits ranging from monthly installment amounts ranging from Rs. 1000/- Rs. 100,000/- and duration ranging from 25 months to 100 months. Subscribers can choose a pattern according to their requirement.

    Chitties can be used either as loans or as savings. Short-term plans (duration less than 40 months) are good as loan schenes, while long-term chits (duration greater than 50 months) are good savings scheme.

    The following are common chit patterns in KSFE:

    Rs. 50000 x 30 months - Rs. 15 lakhs
    Rs. 25000 x 40 months - Rs. 10 lakhs
    Rs. 20000 x 25 months - Rs. 5 lakhs
    Rs. 10000 x 30 months - Rs. 3 lakhs
    Rs. 5000 x 40 months - Rs. 2 lakhs
    Rs. 2500 x 40 months - Rs. 1 lakhs
    Rs. 10000 x 100 months - Rs. 10 lakhs
    Rs. 5000 x 100 months - Rs. 5 lakhs

    2)Mode of Payment? Can I make payment from my SB Account?

    We have three modes of payment: 1) direct remittance at branches, 2) through cheques or DD, 3) door collection (agent will come to your shop or home). Some branches of KSFE provide online transfer facility from the subscriber's account from their bank account.


    3)Can I start my account when I am here at Qatar.(My Parents can visit the Branch)?

    You can start chits from Qatar. We are attaching an application. Kindly take a print-out, fill in details on page 4, and send the print-out to your parents (or directly to the branch).


    4)Offers or Benefits of joining a Chitty

    Now we have Suvarna Sreyas chit scheme. The scheme offers 25-soverign gold coins as first prize. At least one customer from each chitty will get 1-gram gold coins.

    5)Service Charges or Fees if any

    We charge 5% of chitty as foreman commission as per
    Chitty act of Kerala. Other than that, KSFE charges Rs. 200 as documentation charge. In addition to that a service tax of 7.21% of Foreman commission is deducted from the customer to be remitted to central excise department.

    Hope the answers are clear. Kindly send you home town details in Kerala. We shall direct you to the nearest branch.

    ReplyDelete
    Replies
    1. Dear Sir, this details was very helpful... i have a concern... Would you please give me the names of branches which have online payment facilities in ernakulam?? thank You....

      sabin.. (sabinjoy4@gmail.com)

      Delete
  58. Dear Sir:
    I reside in Canada and am from Thoppumpady EKM. I would like to know if I can just have a Sugama deposit with KSFE without joining any chitty?If so, what are the formalities?

    Also, can I make payments to my father's chitty from Canada?Does Thoppumpady branch support online transfers? Is chitty/deposit only for Indian citizens? Are there any new chitty schemes soon available?
    My contact id is princygem@gmail.com
    Thank you for your support.
    Princy

    ReplyDelete
  59. Princy

    Mail sent your ID. Sorry for the delay.

    ReplyDelete
  60. Dear Sir,
    I am in Canada.. I would like to start a chitty.. and may I know whether I could pay online??? and how could I start a new chitty??? my native is ernakulam.. please forward me details to sabinjoy4@gmail.com..
    Thank you....

    ReplyDelete
    Replies
    1. Sabin,
      Thanks for your comment. A detailed mail sent to the mail ID provided, along with the application form.

      Delete
  61. Dear Sir,
    Im Sajeev, working in dubai wants to know about 'Pravasi bandhu chitty' schemes and details. Pls send me in this ID : sajeev.arch@gmail.com

    ReplyDelete
  62. Hi,

    Im Manoj, settilled in Mumbai.I wants to know about Pravasi bandhu Chitty schemes and details. Please send me in this ID. manojsomanadhan@gmail.com

    ReplyDelete
  63. Remesh
    I am Remesh working in Muscat. I want to know about Pravasi bandhu Chitty for 100 months and Sala Rs.20 Lakhs. If any chitty is there like this please send me in this ID. Remeshkumar51@yahoo.com

    ReplyDelete
  64. Dear sir
    Kindly snd the deatis of pravasi bandu chittii
    Hw to open it ? Tell me the procedure ?
    Snd me the details to shabin.pharma@gmail.com

    ReplyDelete
  65. Dear sir
    Kindly snd the deatis of pravasi bandu chittii
    Hw to open it ? Tell me the procedure ?
    Snd me the details to shabin.pharma@gmail.com

    ReplyDelete
  66. Dear sir
    Kindly snd the deatis of pravasi bandu chittii
    Hw to open it ? Tell me the procedure ?
    Snd me the details to shabin.pharma@gmail.com

    ReplyDelete
  67. may I know the date of launch of Ponnona Chitty 2012 and its details?

    ReplyDelete
  68. Saju. The exact date has not been finalized date. The first of August is the most likely date.

    ReplyDelete
    Replies
    1. Saju, new scheme starts from tomorrow. Visit this page for more details: http://atlevg.blogspot.in/2012/07/ksfe-launches-onam-special-chitty.html

      Delete
  69. Dear sir
    Kindly send the details of pravasi bandu chittii.
    nameer797@gmail.com
    Thank you

    ReplyDelete
  70. Dear sir,

    I am Muhammed Riyas from Qatar. I very much wish to start a new chitty with KSFE. Plz send the terms and conditions including payment mode and common chit patterns about Suvarna Sreyas chit scheme and other chitties.My contact deatils are given below

    riyaasmhmd@gmail.com

    Thank you

    ReplyDelete
  71. Sir,

    If somebody could not collect the prize money personally as you have suggested at the termination of the chit , what you will do with that prize money? Do you keep that money till the member reach your office after one or two or three years, without interest? Or you put this money in fixed deposit on a written request of the member? If the written request is by e-mail, will you accept? On request of the member do you put the prize money in member's account in a nationalized bank in your city?

    ReplyDelete
  72. aniyachayan, thanks for raising the queries.

    First, let me state that the instances you mention happen very rarely. We regularly intimate the subscribers and ensure that they avail the prize money.

    Here are the answers to your questions:

    Q. If somebody could not collect the prize money personally as you have suggested at the termination of the chit , what you will do with that prize money? Do you keep that money till the member reach your office after one or two or three years, without interest?


    Ans: After the termination of chitty, if the prize money remains not paid, we can put the prize money only as a savings account. We can provide our savings account interest, which is 5.5% at present, to the prize money.


    Q. Or you put this money in fixed deposit on a written request of the member? If the written request is by e-mail, will you accept?


    We can deposit the money as fixed deposit up on request of the subscriber. The subscriber needs to sign on a few documents. We can send the papers to be signed to the customers up on request. The subscriber needs to send the signed papers by post or courier.

    That is simply sending a written or email request shall not be sufficient.

    Q. On request of the member do you put the prize money in member's account in a nationalized bank in your city?

    We frequently transfer prize money to the subscriber's account in all commercial banks. This can be done by sending cheques, but sending money through online transfer (RTGS) is more common these days.

    Please bear in mind that the formalities of payment, like signing the documents and providing sufficient security, should be done for carrying out bank transfer of prize money. If it is at the end of the chitty, and the subscriber has completed the chitty installments, no need to provide any security.

    Hope it is clear.

    ReplyDelete
  73. Hi Sir/Madam,
    I would like to know which are the branches that would allow the online payment of the monthly installments.

    Is it necessary that I need to approach the concerned branch initially for joining the Chitty or would it suffice if I approach the branch at the time of collecting the Chitty amount.

    Please send your responses to rc.27187@gmail.com. Thanks in Advance

    Regards,
    RC

    ReplyDelete
  74. sir,
    in your manual of procedure,it is mentioned that where a property is offered for a second or subsequent time,generally an application in form prop 1 is sufficient.where do i get the latest circular regarding ? what is the circular number ?
    if a subscriber ,who availed chitty loan and fails to pay either chitty installment,what will be the action from your side ? is there any circular.

    ReplyDelete
    Replies
    1. sir,
      please reply for the above

      Delete
    2. Sunil

      We have forwarded your query to a senior official, who is well known for his mastery of our rules and circulars. Waiting for a detailed reply from his side. We shall publish it as soon as we receive his reply. Sorry for the delay.

      Delete
  75. Iam abinesh now in Malaysia,I would like to have information regarding the new chitties from KSFE.
    Looking for ones with monthly payments 5000 to 7500. Also i need guidance to enroll to a chitty from here. Iam from vadakara, kozhikode. Am i required to go to the branch for the same.Also needs more info about suvarna sreyas as well along with general terms and conditions.
    My contact details: abinesh82@gmail.com
    Thanks in advance.

    ReplyDelete
  76. 1. Hi, my name is Boney Joseph..I’m currently working in Saudi Arabia and is interested in Ponnona or Pravasibandhu chitty..Kindly send me details of both these chitties..also note I’m settled in Kottayam would appreciate if you could help me out with this..You may get in touch with me at boneyjosephktm@gmail.com

    ReplyDelete
  77. what are the documents on which the mortgagor and subscriber to be signed to release the chitty payment

    ReplyDelete
    Replies
    1. Subscriber and mortgager need to sign the following documents:

      1. Property 1
      2. Affidavit (printed on a bond paper of Rs. 50)
      3. Property 5 (Mortgager only)
      4. Property 8
      5. Document register (Property 4)
      6. Payment voucher (Subscriber only)

      Also, the subscriber needs to produce the following documents of the property to be pledged:

      1. Original title deed of the property (and prior deeds, if any)
      2. Encumbrance certificate of the last 14 years (available from Sub Registrar's Office)
      3. Location certificate (available from Village office)
      4. Sketch and map (available from Village office)
      5. Possession and enjoyment certificate (available from Village office)
      6. Up-to-date land tax receipts

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    2. Ramesh, all the above-mentioned documents to be signed (that is, Property 1, Property 2, Property 4, Property 5, Property 8 are available at all branches of KSFE.)

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  78. thank you,i think that the mortgager need to sign in one document only.property 5.all the other documents by the subscriber.the mortgagers are in abroad.i think that branch will give to me for sending the same to the mortgager for getting their signature.i hope 1,2,4,5,6 by subscriber only and 3 by mortgager only.am i right ?

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  79. Ramesh, It is not like what you think. Sorry to have confused you. Let me explain. My reply does not mean that the mortgager needs to sign on Property 5 only. Instead, it means that on Property 5, only the mortgager needs to sign (no need of subscriber's signature). In fact, the mortgager needs to sign on Property 1, Affidavit, Property 4, Property 5, and Property 8.

    If the mortgager is not in the country, there are bound to be legal constraints too. Please check with the manager of the branch.

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  80. thank you. sorry to tell u that after gone through u r site,i am not satisfied. because the proposal of the site should b genuine and should b for public interest.one sujatha or sangeetha madam,some times in 2010 sent a query to you on her investment.according 2 u,she will get 10000 rupees more for her her investment of RS 85000 after 20 months ! ?.
    secondly u have not sent any rely to MR SUNIL .who asked about your manual of procedure issue.is the MOP is 4 u people only,i mean 4 ksfe officer or 4 public.

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  81. Thanks for your critical remarks, Ramesh. This is perhaps the first time we think someone has taken the trouble of critically reviewing the blog. We shall try to improve it as far as we can, as our intention is to provide maximum information to the public.

    But we would like to make one thing clear. We have never tried to mislead any one or to provide wrong figures. The dividend for chitties vary, based on the duration, subscription amount, and the need of the subscribers. Sometimes, the same pattern chitties offer different amounts as dividend. We always provide genuine figures based on past trends.

    In the case of Mr. Sunil, we are kind of helpless. We are not able to trace a copy of the circular he requires. Our branch started only in 2008. So, we do not have copies of old circulars. We have forwarded the query to another official, who is well-versed with circulars and known to have personal copies of all circulars. We are still waiting for his reply. We shall publish it as soon as we get his reply.

    As for MOP, it is Manual of Office Procedure. It is certainly intended for the officials. We, personally, see no problem in public reading it, but don't know whether it is of any use to them.



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  82. sorry to disturb.i am back to you. mop and circulars are not a property of your own.u should have some courage to disclose it.all the ksfe officials are not like you.do agree that some of them are fraud.they will hide it for their own profit.so it is your duty to publish the same for the public.
    secondly i have to ask you that some one join in your chitty,ie for 500000.u give 50% as ncl agains security worth 500000.he bid the chitty with a future liability of 495000.he dont have anything to give u for future liability.in this case how you close his chitty loan.

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  83. ramesh,

    Here is a link to our MOP: http://www.ksfe.com/Downloads/mopnew.pdf

    As for circulars, we can only upload the circulars that we have as soft copy.

    We certainly don't agree with your comment about ksfe officials being fraud. We can safely say that we are an absolutely corruption-free organization. That is because of two things: the value-based culture we have in KSFE and extremely stringent audit practices we have.

    Please refrain from making sweeping remarks. If you have specific complaint about specific employees, go ahead and inform the higher authorities. Anyways, we think enough has said about this matter. Please understand that we operate at branch level. While we can provide information about general aspects of KSFE, we are not authorized to do anything happen in other branches. So, it's time to conclude.

    For any other communication on this regard, please contact mail@ksfe.com

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  84. really apreciate KFSE for replying each and every queries which is posted here which I never seen in a public sector. seeing this I am interested in joining a chitti.. let me go through your site :)

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  85. Thanks for your compliment, biswas.

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  86. Dear Sir,

    I would like to know more about Pravasi Bandu chitty. Kindly send me the details to its_me_viji@yahoo.com

    Thank you and kind Regards,

    Vigi Rajesh

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  87. Dear Sir,

    My Name Is SALEESH M ,I’m currently working in UAE and is interested in Ponnona or Pravasibandhu chitty..Kindly send me details of both these chitties.. I’m settled in WAYANAD(MEENANGADI)AND MY E-MAIL ID IS saleeshmgdi@gmail.com.

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  88. hi do u have any branches in mumbai kindly comment.or mail me the details on stanlee1978@gmail.com

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  89. Send me the aplication in my email..chikku7392006@gmail.com..iam in uae..resident in iritty..kannur dist

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  90. I am Ansiya working in uae.Could you please suggest me a good chitty scheme and I am looking for a small investment scheme. Would like to do payment through online. Please send me the details. Hope you will direct me and help me in clearing my doubts as I dont have clear idea regarding this. Thanks in Advance
    ansunafis@gmail.com

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  91. Dear Sir,

    My Name Is George Mathews ,I’m currently working in UAE(Sharjah) and is interested in Ponnona or Pravasibandhu chitty.Kindly send me details of both these chitties.. I’m settled in ALUVA AND MY E-MAIL ID IS george2mathews@gmail.com.Please provide me the details of mode of payment for this chitty fund(DD OR NEFT TRANSFER (from account in India)if the join these chittys

    ReplyDelete
  92. Hey,
    Am Joseph from Canada,I would like to know more about different schemes of KSFE and the pravasi bhandhu chits as well,along with the starting dates.

    Jilu.jiss@gmail.com

    ReplyDelete
  93. Helo,

    I'm sajith menon from Abudhabi.want to join KSFE chittis if any scheme available for NRI's.tks
    Please reply to me at sajith747@gmail.com.

    ReplyDelete