WebChitty is a unique scheme incorporating the aspects of a recurring deposit and an advance scheme. In chitty, the subscriber has an opportunity to bid and avail of advance which amounts to a certain percentage of the total denomination of the chitty (sala), whereas in recurring deposit the advance can be availed only on the paid up amount. WebMar 31, 2024 · Chitty is a double-edged financial instrument. it has both the features of an investment tool as well as a loan tool. It depends on what angle you join for a chitty.
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