tips to prevent chit fund frauds

How to Prevent Chit Fund Frauds?

One of India’s oldest native financial institutions, Chit funds are regulated by the Chit Funds Act, 1982, a central statute, and various State-specific regulations. Many unlisted companies operate among family members, a closed social group, or friends as an ancient financial instrument. These are often riskier than registered chit funds as any regulatory body doesn’t […]

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