WIDE RANGE OF SCHEMES
  
Mylswamy Chits offers a wide variety of products to suit every need. We have the following chit products to offer. A combination of these schemes is determined to suit individual needs.

(A) THE CONVENTIONAL MONTHLY AUCTION SERIES
(A1)
Groups at present in force

Rs. 60,000 20 months Rs.3000/- per month Maximum Discount Allowed 30% 
Rs. 75,000 30 months Rs.2500/- per month Maximum Discount Allowed 30% 
Rs. 1,00,000 25 months Rs.4000/- per month Maximum Discount Allowed 40% 
Rs. 1,50,000 30 months Rs.5000/- per month Maximum Discount Allowed 30% 
Rs. 2,00,000 25 months Rs.8000/- per month Maximum Discount Allowed 30% 
Rs. 3,00,000 30 months Rs.10000/-per month Maximum Discount Allowed 30% 
Rs. 5,00,000 25 months Rs.20000/-per month Maximum Discount Allowed 30% 

(A2)
Proposed new groups to be started immediately.

Rs. 4,00,000 25 months Rs.16000/-per month Maximum Discount Allowed 40%
Rs. 3,00,000 25 months Rs.12000/-per month Maximum Discount Allowed 40%
Rs. 2,50,000 25 months Rs.10000/-per month Maximum Discount Allowed 40%
Rs. 2,00,000 25 months Rs. 8000/- per month. Maximum Discount Allowed 40% 
Rs. 1,50,000 25 months Rs. 6000/- per month Maximum Discount Allowed 40%
Rs. 1,00,000 25 months Rs. 4000/- per month Maximum Discount Allowed 40%
Rs. 75,000 25 months Rs. 3000/- per month Maximum Discount Allowed 40%
Rs. 50,000 25 months Rs. 2000/- per month Maximum Discount Allowed 40%

(B) HIGHER LIQUIDITY-FORTNIGHTLY AUCTION SERIES

Rs. 2,50,000 50 fortnights Rs.5000/- per fortnight Maximum Discount Allowed 40%
Rs. 1,50,000 50 fortnights Rs.2500/- per fortnight Maximum Discount Allowed 40%
Rs. 75,000 50 fortnights Rs.1250/- per fortnight Maximum Discount Allowed 40%

(C) MAXIMUM LIQUIDITY - WEEKLY AUCTION SERIES

Rs. 60,000 60 weeks Rs.1000/- per week Maximum Discount Allowed 40%
Rs. 90,000 60 weeks Rs.1500/- per week Maximum Discount Allowed 40%
Rs. 1,20,000 60 weeks Rs.2000/- per week Maximum Discount Allowed 40%
Rs. 1,80,000 60 weeks Rs.3000/- per week Maximum Discount Allowed 40%
Rs. 2,40,000 60 weeks Rs.4000/- per week Maximum Discount Allowed 40%
Rs. 3,00,000 60 weeks Rs.5000/- per week Maximum Discount Allowed 40% 

(Central Government enhanced the maximum Discount ceiling in auction from 30% to 40% by an amendment in Chit Act.)

(D) PROPOSED - FOR THE CORPORATE SECTOR

The Corporate Pool Finance, to augment the resources of the corporate sector. Group Schemes, for the employees belonging to the same organisation. 

The number of subscribers in each series is equal to the duration of the chit. For eg.. the 60 week series has 60 subscribers.