♻All features are incorporated as per Chit Fund Act 1982.
♻Easy procedure for chit registration and administration.
♻Designing any type of chits like weekly, monthly etc.
♻Keeps details of chit registration and commencement date of chits.
♻Calculation and payment of TDS and service tax.
♻Provision to enter/alter the opening balance of each schedule after auditing works.
♻Provision for advance receipt of future installments and its automatic accounting.
♻Online SMS on receipt of installment, daily collection and auction entry.
♻Multiple entries of installment receipts and printing.
♻Automatic calculation of auction discount.
♻Separate installment amount calculation for prized & non-prized subscribers
♻Separate installment amount calculation for normal & delayed payments
♻Automatic late-fee payment calculation (Penalty).
♻Suspense account maintenance and its adjustment in to installment.
♻Collection of documents and entry on document release.
♻Provision for daily Collection and Subscriber wise (Pigmy).
♻Subscriber grouping and transfer installment amount among group wise.
♻Multiple daily collection transfer to installment receipt to ease the data entry works.
♻Provision for daily collection payment in case of excess amount.
♻SMS facility on confirmation of daily collection receipts.
♻Easy entry of auction /prize and automatic calculation of next installment.
♻Subscriber history during auction/prize entry.
♻Various charges against ticket like documentation charges, admission fees, penalty & Verification Charges etc.
♻Provision for chit payment (partial or full) before the due date to the prized/auctioned subscriber.
♻Automatic accounting of chit payment on auction/prize entry.
♻Guarantors and documents details for chit payment.
♻Provision for Cheque Reconciliation.
♻Provision for keeping chit payment arrears.
♻Provision for day closing.
♻Day's business summary and automatic SMS and Email to operation head of the company.
♻Summary of cash and bank balances.
♻Provision for day open.
♻Listing of cancelled daily collection receipts.
♻Easy cash, Cheque and transfer payment collection.
♻Reports include Daily collection, Subscriber Ledger, Defaulters list, liability statement, document list and commission list etc.
♻Software can be used for multiple branches. It will give common interface for all branches. All centralize reports for all branches.
♻Members can get their outstanding, last date for subscription payment, ledger report and auction details through online access.
♻Mobile application for both subscriber (Member) and chit collector.