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1. In case
you wish to Bid during the course of the chit, you
have to furnish SECURITY
for the FUTURE
LIABILITY
, to our satisfaction.
2. Options to participate in the Bid
(Auction) are:
Bid Offer
/ Bid
Authorization
/ GPA
/ Personal
participation.
3. If you become a successful bidder
by any mode, verification charges will be debited to
your chit account.
4. Types of sureties acceptable
to us are:
a). Personal sureties within the 100 km radius
of the Chit Branch.
b). Bank
Guaranty
for the Future Liability of the Chit.
c). Future Liability amount can be
deposited in Margadarsi Chit Fund Ltd. for the
Balance Chit period.
d). Deposit can also be made for the
balance installments at 6% interest on Reducing
Balances of the deposit amount. This
Deposit must be Minimum of 10 Monthly
Gross Installments.
e). Sufficient Title Deeds of
Immovable Property other than Agricultural land in
urban areas or Towns only.
If the Rules and Regulations
mentioned above are acceptable, please click I
Accept Button for Registration.
Note: Margadarsi Financiers stopped
acceptance of fresh deposits and renewal of
deposits W.E.F. 20th November 2006.
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