Why Imbu Shankar Chits is the #1 Choice for Registered Chit Funds in Bangalore
Founded with a commitment to unyielding trust, transparency, and subscriber security, Imbu Shankar Chits Pvt. Ltd. operates in strict compliance with the Chit Funds Act, 1982 (Central Act No. 40 of 1982) and the Karnataka Chit Funds Rules. For over 20 years, we have provided structured monthly chit savings and loan solutions across Rajajinagar, Malleshwaram, Vijayanagar, Basavanagudi, Jayanagar, Koramangala, Indiranagar, Whitefield, Electronic City, and the entire state of Karnataka.
100% Security Deposit Guarantee Under Section 20
Before commencing any new chit group, Imbu Shankar Chits Pvt. Ltd. deposits 100% of the aggregate Chit Value in 100% Fixed Deposits with scheduled nationalized banks in the official name of the Registrar of Chits, Government of Karnataka. This statutory guarantee safeguards the funds of all non-prized and prized subscribers alike.
Customer Loyalty Rewards & Punctuality Bonuses
- Early Payment Discount: Pay your monthly installment on or before the 10th of every month to receive an immediate up to 1% early payment reward discount.
- Tenure Completion Bonus: Subscribers who maintain a perfect payment record without missing a single due date receive an additional up to 1% cash reward (up to ₹25,000 on a ₹25 Lakh Chit Plan) at maturity.
- Fixed 5% Statutory Foreman Cap: Our management fee is capped at a strict 5%, ensuring maximum dividend distribution back to group members.
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