Neeladri Chit Fund / About us

Established in 1988, Neeladri Chit Fund Pvt Ltd has been a pioneering force in the realm of chit funds, founded by a dynamic team of Entrepreneurs and Chartered Accountants. Mr. B Jangi Reddy, our esteemed founders include Mr. G Amarnath Reddy, Mr. K Pradeep Reddy, and the late Mr. AGS Reddy. Together, they envisioned a platform that would revolutionize the concept of chit funds, making it a trusted avenue for profitable savings and quick access to funds during contingencies.

At Neeladri Chit Fund, we are dedicated to providing reliable and innovative financial solutions through our chit fund services. Our commitment to financial inclusion and empowerment drives us to tailor our offerings to meet the diverse needs of our valued customers.

Passion

Being passionate about helping our customers achieve their financial goals.

Relationships

Doing business with trust and transparency for long-standing fiduciary relationships.

Integrity

Being ethical, honest and fair with customers, partners, investors and employees.

Innovation

Staying ahead of the curve by leveraging new lending approaches, research, rigour and technology.

Mission

Striving to serve the largest number of common people through quality non-banking financial services

Why Choose Us?

Trust and Integrity: We adhere to the highest standards of ethics and integrity, earning the trust of our clients through transparency and honesty in all our transactions.

Expertise: 36 years of industry experience and expertise, our team possesses the knowledge and skills to provide sound financial advice and solutions.

Flexibility: We offer flexible chit-fund schemes that cater to varying financial needs and preferences, allowing our clients to achieve their goals on their terms.

Government Regulated: We are a chit fund company registered with the Government of Telangana, ensuring reliability, transparency, and compliance with regulations.

How Neeladri Chits work??

Keeping the needs of customers in mind, we have designed flexible options catering to all. Subscribers can choose from a wide range of chits from Rs. 5,00,000 to Rs. 1,00,00,000 designed to suit a variety of requirements. To become a subscriber, individuals need to fill out an enrolment form, and opt for any of the chit schemes available with monthly instalments ranging from Rs. 12,500 to Rs. 2,50,000. Depending upon the requirement, one may choose the tenure from any of the options listed below:

  • Long Term Chits (50 months duration)
  • Medium Term Chits (40 month duration)
  • Short Term Chits (30 month duration)

Subscribers are entitled to bid at the auction even if only one instalment has been paid i.e., the first instalment. However, depending upon the requirement and competition, one can get the bid in any of the instalments. After being declared as successful bidder in the auction, the successful bidder has to submit sureties depending upon future liability either from salaried employees with required basic salary or business people having taxable income or even property mortgage where required. Thereafter, the prize money is released after completing a few formalities. The chit money has to be paid back in remaining easy instalments. The successful bidder earns his or her profit by repaying the monthly instalments excluding the dividends.

Neeladri Chit Fund Private Limited is a registered chit fund with the Registrar of Chits.