Thursday, November 26, 2009

KSFE Pravasi Bandhu Chitty Notice of Attingal Evening Branch

Here is our notice. Please check the chitty patterns we are going to start and the special benefits of joining Pravasi Bandhu chitty scheme (click on the image to enlarge it).



We welcome you all to invest in the chitty schemes of Attingal evening branch and other branches of KSFE.
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34 comments:

  1. UnknownJune 20, 2010 at 5:25 AM

    we want to join in K.S.F.E Pravasi Bandhu Chitty and how to join it from Dubai,and all details about it.

    regards
    K.P.Mohandas
    Dubai.

    ReplyDelete
  2. KSFE Attingal Evening BranchJune 20, 2010 at 8:52 PM

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

    Thanks

    ReplyDelete
  3. UnknownMarch 16, 2011 at 1:06 PM

    hi, i am in saudi and wanna start your chitti..so tell me in detail how it is beneficial for me, and how much should i pay monthly? how much is the interest i am gonna get out of it?

    ReplyDelete
    Replies
    1. Santhosh BalachandranJanuary 27, 2014 at 7:03 AM

      This comment has been removed by a blog administrator.

      Delete
  4. KSFE Attingal Evening BranchMarch 16, 2011 at 6:40 PM

    Thasni

    Thanks for visiting and commenting.

    There are many ways to approach a chitty. One good way is to view chitty as a savings cum loan scheme. It can be either used as a savings scheme or as a loan scheme. You can start a chitty purely for saving the extra income you have. If some financial emergency crops up, you can easily convert it as a loan scheme.

    It is up to the customer to select how much he or she should invest on chitties. We have chitties with monthly subscription ranging from Rs.2500/ to Rs. 100,000/-. The interest you get depends on the type of chitties you join. You will get more idea about chitties from this page: http://atlevg.blogspot.com/2009/08/why-chitties-why-ksfe-and-why-attingal.html

    Are you from Attingal or any place nearby?

    ReplyDelete
  5. harikumaranthampiSeptember 14, 2011 at 1:30 AM

    we want to join in K.S.F.E Pravasi Bandhu Chitty and how to join it from Dubai,and all details about it.
    Can I pay the instalment from here

    ReplyDelete
    Replies
    1. Santhosh BalachandranJanuary 27, 2014 at 7:03 AM

      This comment has been removed by a blog administrator.

      Delete
  6. KSFE BranchSeptember 14, 2011 at 7:47 AM

    harikumaranthampi

    Thanks for your comment. You can pay installments from Dubai or any other part of the world. A detailed mail sent to your mail.

    ReplyDelete
  7. rpradeepFebruary 9, 2012 at 8:06 AM

    i would like to start KSFE Pravasi Bendhu Chitti, im in UAE. How can i Join for this & where we can pay in UAE. my email id is

    bhavapriya1@gmail.com

    ReplyDelete
  8. rpradeepFebruary 9, 2012 at 8:07 AM

    i would like to start KSFE Pravasi Bendhu Chitti, im in UAE. How can i Join for this & where we can pay in UAE

    ReplyDelete
    Replies
    1. Santhosh BalachandranJanuary 27, 2014 at 7:04 AM

      This comment has been removed by a blog administrator.

      Delete
  9. KSFE BranchFebruary 9, 2012 at 7:18 PM

    rpradeep, thanks for your comment. We have sent you a detailed mail. Kindly check and respond.

    ReplyDelete
  10. Soju koshyFebruary 21, 2012 at 7:51 AM

    Please provide the details on how to remit from UAE.

    Sojukoshy@Gmail.com

    ReplyDelete
    Replies
    1. Santhosh BalachandranJanuary 27, 2014 at 7:05 AM

      This comment has been removed by a blog administrator.

      Delete
  11. KSFE BranchFebruary 21, 2012 at 4:26 PM

    Soju Koshy

    Mail sent to your ID. Thanks for the comment

    ReplyDelete
  12. Soju koshyFebruary 22, 2012 at 7:46 AM

    Hi,

    Thank you for your detailed mail...

    I have a query in regards to my evening chitty. I have (40*5000)started in 2010 & completed 20 installments in evening branch. Now if I want to call for prize money. Please explain the bidding process & also when should I bid this ( Specific date).

    In a above given scenario if I Bid for 200,000.

    1. Will I able to bid for 200K or less ?
    2. How much will I get after commission %?
    3. Will KSFE will accept the bank Guarantee of full amount or balance amount ?
    4. When I will get the prize money on same month or next month ?

    Appreciate if you can provide a brief insight for the above quires..

    Soju koshy

    ReplyDelete
  13. KSFE BranchFebruary 23, 2012 at 8:07 AM

    Soju koshy,

    If you have completed 20 installments of Rs. 5000 x 40 months chitty, this is the best time for bidding. In fact, you should have started bidding after about 15th installment. It's okay to start now.

    If you are not in any particular urgent financial need, it's better to consider the FD interest also while calculating the right time for bidding.

    At present, KSFE offers 10.5% interest for chitty prize money. Suppose you get a prize money of Rs. 1.8 lakhs. That means you will get Rs. 1575/- per month. The interest for the next 20 months, that is till the termination of the chitty, will be Rs. 31500/-.

    By the end of the chitty, you will get a total of Rs. 215000/- (180000 + 31500). If you want to get more money, wait till you get the chitty amount of Rs. 1.85 lakhs or 1.9 lakhs.

    Now on to your specific queries:
    1. Will I able to bid for 200K or less ?
    2. How much will I get after commission %?

    Ans: You can bid for any amount between 1.4 lakhs to 1.9 lakhs. As per chitty act of Kerala, the foreman commission of a chitty will be 5% of the total. In your case, it will be Rs. 10000/-. As we mentioned, any amount greater than 1.8 lakhs of prize money will be considered profitable at this point.


    3. Will KSFE will accept the bank Guarantee of full amount or balance amount ?

    Yes, KSFE accepts bank guarantee. But banks are of late reluctant to provide bank guarantee. We understand that you need to keep an FD with the bank for obtaining bank guarantee. We accept FDs from all major banks as security too.

    4. When I will get the prize money on same month or next month ?

    You are eligible for getting prize money on the day of next month's auction after bidding. You can accept prize money even before that. But there will be a 13% deduction of amount as interest for the number of days for advance payment.

    Hope it's clear.

    ReplyDelete
  14. Jennifer D GorgonMarch 16, 2012 at 1:37 PM

    hi,

    i would like to join a chitty with you. it would be most appreciated if you could send me the list of chitty open at the timebeing for max of 2 yr.

    though i hail from Kollam, right now i am settled in Dubai. i would also like to know how i can pay from here.

    thanks in advance.

    ReplyDelete
  15. KSFE BranchMarch 25, 2012 at 10:33 PM

    Jennifer D Gorgeon

    Thanks for your comment.

    We apologize for the delay in response. The internet connection in our office has been dodgy for the last two weeks in our office.

    You can join chits in KSFE without coming to the branch of KSFE. We shall send an application to your mail ID.

    Since you want short-term chits, the following chitty patterns might interest you:

    Rs. 10000 x 30 months - Rs. 3 lacs
    Rs. 20000 x 25 months - Rs. 5 lacs
    Rs. 4000 x 25 months - Rs. 1 lac

    If you are interested, please send a mail to joinksfe@gmail.com. We shall send the application and other details to your mail ID.

    ReplyDelete
  16. vivekkvtMay 26, 2012 at 6:42 AM

    i would like to join a chitty with you. i am settled in Dubai. i would also like to know how i can pay from here.

    tHANKS
    VIVEK

    ReplyDelete
  17. ShanNovember 1, 2012 at 4:01 AM

    This comment has been removed by the author.

    ReplyDelete
  18. ShanNovember 1, 2012 at 4:03 AM

    I just started one new chitti whn I went for the vacation last month.. Now I just want to know..is it possible for to pay the money from dubai/Sharjah...If possible please forward the details...
    Thank You...

    ReplyDelete
  19. KSFE BranchNovember 1, 2012 at 6:52 AM

    Shan, It is better you get in touch with the manager of the branch in which you have chitty. They will be happy to help you out.

    ReplyDelete
  20. rameshNovember 4, 2012 at 8:07 PM

    i have a trade loan with arrears.branch has sent notice to the guarantors.
    from the same branch auctioned a chitty before 4 months.security documents are getting ready within a few days.i haven't paid chitty installments after the auction.
    do i need to make payment towards installment dues to claim the chitty price ?,
    will you give actual bid amount?
    will the payment effect to my trade loan ?

    ReplyDelete
    Replies
    1. KSFE BranchNovember 5, 2012 at 4:11 PM

      ramesh, thanks for asking.

      Your trade loan can be closed with chitty amount. The dues in the chitty can also be deducted from the chitty prize money. Only thing is that the prize money should sufficient to cover both the amounts.

      The chitty dues will be deducted at the time of payment. That is a must. If the balance amount in prize money after deducting the chitty dues is sufficient to close the trade loan, then it will also be done. You need to give a written request at the branch to close the trade loan by deducting from prize money.

      Please get in touch with the manager of the branch in which you have chitty.

      Delete
  21. rameshNovember 6, 2012 at 6:48 PM

    in the above case one can enjoy chitty prize amount and continue the defaulted loan account. means u will not deduct,if i wish to not settle the trade loan account from chitty prize

    ReplyDelete
    Replies
    1. KSFE BranchNovember 7, 2012 at 6:05 AM

      ramesh,

      If the duration of the loan is over, then we will deduct the amount from prize money surely. If it's not over, we usually proceed by the manager's discretion and customer's needs and track record.

      In any case, if the customer wants to deduct the amount, we will deduct it.

      Delete
  22. rameshNovember 7, 2012 at 6:07 PM

    how do you deduct my trade loan amount from my chitty prize.
    any act or circular ? for trade loan guarantors are different and here my claim for chitty prize is against the security of property.both are in my name. please explain.

    ReplyDelete
    Replies
    1. KSFE BranchNovember 8, 2012 at 4:28 AM

      ramesh, it depends on how chronic the default is. If it is manageable, then most managers will let it go, particularly if each of the accounts has separate securities.

      I shall let you know the circular number after checking. It might take a bit of time, as we do not have online database of old circulars as of now.

      Delete
  23. rameshNovember 8, 2012 at 6:51 PM

    thank you,sir, if the both,i mean a trade loan with arrears which received against a property security and if the bidder offer same property as security.then? here the property has sufficient value.

    ReplyDelete
    Replies
    1. KSFE BranchNovember 8, 2012 at 7:24 PM

      ramesh, if both the loan and chitty have the same security, then we have no other option than deducting the amount from chitty prize money to clear the loan default at the time of chitty payment.

      Delete
  24. RevathiApril 13, 2013 at 12:39 AM

    Hi, I am Shimna Sreejith from Dubai. How can I join chitti from Dubai. Please send me all details.

    Shimna Sreejith
    Dubai

    ReplyDelete
  25. Santhosh BalachandranJanuary 27, 2014 at 6:18 AM

    This comment has been removed by a blog administrator.

    ReplyDelete
  26. Santhosh BalachandranJanuary 27, 2014 at 6:22 AM

    This comment has been removed by a blog administrator.

    ReplyDelete

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