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WHY CHOOSE US. KSFE is a Miscellaneous Non-Banking Company fully owned by Government of Kerala and play a significant role in its resource mobilization. KSFE has been registering impressive profit every year since its inception in 1969 with a turn over above ₹73000 Crores. 100% secured and loyal. Chitty is the main product of KSFE.
- Ksfe Pravasi Chitty
KSFE Pravasi Chitty is a unique financial savings scheme...
- Ksfe Pravasi Chitty
Pros - Liquidity. Cons - -ve return compared to standard FD rates or even bank saving rates. liquidity comes with depreciation cost - eg if you with draw at the end you will lose only 1% commission if you withdraw 36 month earlier 5% commission. The data I shared is ball park and gives you an idea what you are losing in terms of money.
If you want to retrieve chitti money in the initial rounds, you need govt employee jamyam or some other documents. But that's good as more safety means your cash is safe. If you want to join a chitti and safety of your money is the most important, then ksfe is the best. My experiences were good.
As mentioned by others here, it is great alternative for a loan.... So if you see that you would need to take a loan or something in the near future, then joining a chitti beforehand is a great option.... You will be saving a lot of money on interest charged by banks.... As an investment it is never a good option.
Apr 23, 2020 · If you live in Kerala or is a Malayalee like me, you’d have heard about KSFE Chitty. Chitties or Chit Funds are an integral part of savings in most Kerala households. The most popular chit fund in Kerala is run by KSFE (Kerala State Financial Enterprises) .
- That depends. If your city has a trusted government-operated chit firm like KSFE, then yes. Also, take a look at the analysis section. See if it ma...
- Yes. KSFE is owned and operated by the Kerala State Government. KSFE has 600 branches and more than 6,700 employees across the state.
- Your returns can range from 3% to 12%. The returns depend on when you get the Chitty, what discount you agreed to, how you use the prize money, etc.
- For each Chitty, KSFE takes a 5% commission. This is in addition to the discount which gets redistributed as dividends.
- Contact your KSFE branch to get the bank account details of the KSFE branch. Once you remit the amount, you need to send an email/WhatsApp to the b...
- You can download the Chitty forms by clicking here.
- KSFE does not publish the list of Chitty schemes on its website. You’ll need to contact the branch to get the details about the latest Chitty.
- Yes. NRIs can invest in Chitty through KSFE Pravasi Chitty. If you are an Indian citizen, you need the following documents: Indian PassportVisaPhot...
- KSFE offers gold loans. Walk into your nearest KSFE office between 10 AM and 4:30 PM to avail gold loan. A maximum amount of Rs 25 lakhs can be ava...
KSFE is a Miscellaneous Non-Banking Company (MNBC) and is fully owned by the Government of Kerala. KSFE does not come under the regulation of Reserve Bank of India since it is not a Non-Banking Financial Company. KSFE is one of the two chit fund companies owned by the government in the whole of India. [3]
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The Pravasi chit offers a lot of features to its customers. Advantages include liability waiver, accidental insurance, repatriation charges, pension, etc.
