Chit Fund Software Excel

Chit Fund Software Excel Download
Chit Fund Software Excel 2016

Wizard greatly simplifies the procedure of calculation and improves the speed of building trading systems. DownloaderXL downloads free historical stock, index and mutual fund data into Microsoft Excel spreadsheets from Yahoo Finance. Historical data goes back at least 15 years and is available for exchanges of USA, Canada, UK, Germany, France, Italy, Australia, New Zealand and more countries.

DownloaderXL easily builds charts. BulkQuotesXL downloads free historical end-of-day data for stocks, indexes and mutual funds from Yahoo Finance and free historical end-of-day data for financial futures, commodity futures and indexes from Pifin. It enables you to quickly construct and manage powerful, multi-tickered analytical projects. You can choose several templates to download data and export it to the world-known formats, build charts and execute your own macros. Technical analysis functions can be automatically calculated. RTQuotesXL downloads free 15-minutes delayed and fee-based real-time quotes for stocks, indexes, mutual funds and other securities from Yahoo Finance.

RTQuotesXL can be used for real-time charting, real-time technical analysis and monitoring current market situation. OptionsXL is an option chains and LEAPS series downloader. PortfolioXL is a portfolio tracking add-in.

All-in-one investment solution for Microsoft Excel. TraderXL Package includes the following products: AnalyzerXL, DownloaderXL, BulkquotesXL, RTQuotesXL, OptionsXL, PortfolioXL, BacktestingXL, NeuroXL Predictor and Cluserizer. AnalyzerXL is a library of 165 technical analysis functions, indicators and experts. You can automatically build charts for functions with numeric outputs, create and manage macros. Wizard greatly simplifies the procedure of calculation and improves the speed of building trading systems. DownloaderXL downloads free historical stock, index and mutual fund data into Microsoft Excel spreadsheets from Yahoo Finance.

Historical data goes back at least 15 years and is available for exchanges of USA, Canada, UK, Germany, France, Italy, Australia, New Zealand and more countries. DownloaderXL easily builds charts. BulkQuotesXL downloads free historical end-of-day data for stocks, indexes and mutual funds from Yahoo Finance and free historical end-of-day data for financial futures, commodity futures and indexes from Pifin. It enables you to quickly construct and manage powerful, multi-tickered analytical projects. You can choose several templates to download data and export it to the world-known formats, build charts and execute your own macros. Technical analysis functions can be automatically calculated. RTQuotesXL downloads free 15-minutes delayed and fee-based real-time quotes for stocks, indexes, mutual funds and other securities from Yahoo Finance.

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Websoftex Chit Fund software is a web based application for.Provide secured online access to it members. Members can see next payment information, amount to be paid along with Loan details etc.It comprises of all the essential facilities and features which required to streamline your Chit fund Activates.websoftex is simple and easy to understand. A person having basic computer knowledge can master this software in very less Time.

This software is designed to systemize the work of the chit that is being organized by the person who conducts. This software systemizes all the activities that are being carried out by the chits. As a whole this is efficient for all organization those organize chits. Chit Fund Software plays a significant role in the present days. It reduces the labors work. A chit generally means a transaction.A person can take part in bid auctions if he is far away from head office.

Provide secured online access to it members. Members can see next payment information, amount to be paid along with Loan details etc.It comprises of all the essential facilities and features which required streamlining yourChit fund software is a flexible and a user friendly web-based software solution that is used in Chit fund institutes that reduce the reports, labors, generation time and increases the quality and accuracy of information.Chit Fund Company are simplify things and increase their efficiency.

Our is a glowing. It can help you significantly cut time on preparing reports.The time and effort saved can help you in ensuring the information you report and account is accurate. You can ensure greater resource savings and better use of your manpower.This software systemizes all the activities that are being carried out by the chits. As a whole this is efficient for all organization those organize chits.

Chit Fund Company are simplify things and increase their efficiency. Provide secured online access to it members. Members can see next payment information, amount to be paid along with Loan details etc.It is one of the simplest software dealing with transaction of financial institutes. As a whole this is efficient for all organization those organize chits. Our Chit Fund Software includes.We offer Free Good Quality Chit Fund Software for any Chit Fund Company.Our Software helps you to monitor your chit activities and at the same time makes it easy for your customers to access their account information from whichever place they are in. Is working towards having its own server to provide for its clients. Posted in Tagged,.

Chit Fund Software Company is a Bangalore based Company providing the best software solutions for pigmy collection software, School Management, Mobile Applications and also forWe strongly believe that Technology plays a major role in today’s business environment. Many companies greatly rely on computers and software to provide accurate information to effectively manage their business.It is becoming increasingly necessary for all businesses to incorporatesolutions to operate successfully. Posted in Tagged.

Chit means a transaction whether called, kuree or by any other name by or under which a person enters into anagreement with a specified number of persons that every one of them shall subscribe a certain sum of money(or a certain quantity of grain instead) by way of periodical installmentsover a definite period and that each such subscriber shall, in his turn, as determined by lot or by auction or by tender or in such other manner as may be specified in the, be entitled to the prize amount.1). Collector Mobile Application2). Member Loging Application. Posted in Tagged,. We provide a reliable facility and it needs to be managed by group activities and customer database. It holds various features, such as it manages add, delete, edit of groups, manages customer information according to the groups in which these have subscribed.

Provide secured online access to it members. Members can see next payment information, amount to be paid along with Loan details etc.It is one of the simplest software dealing with transaction of financial institutes. As a whole this is efficient for all organization those organize chits. Our Chit Fund Software includes. Group Wise Outstanding Statements. Collection Wise Outstanding Statements. Branch Wise Outstanding Statements. Company Wise Outstanding Statements. This Allows The User Creation As Per The Permission Given By The Admin. This Software Can Efficiently Handle Chit Details. These Can Maintain Customer Details. These Can Maintain The Chit Taken Details Of Every Individual Customer. These Can Efficiently Handle Amount Collection Details.

Posted in Tagged,. Is simplifying things and increases their efficiency.

Provide secured online access to it members. Members can see next payment information-amount to be paid along with Loan details etc. The capital, less of foreman’s commission.

Is kept open for bidding. The members present or by proxy, offer discount on the amount and the one who offers the highest Discount (or accept the lowest prize amount) is declared the prize-winner.In this auction system. It becomes possible for needy members to bid for an amount depending upon the urgency of their need.Auction Chits are highly beneficial to businessmen who need credit. By joining an Auction Chit of Their choice and paying subscription for one or two months, they can bid for a fairly big sum.The difference between and the bid amount is distributed as dividend to the members – both prized and non-prized.Under conditions of ceiling on bid. When more than one member offers the ceiling Rate; there would be a draw among such members to decide the prize-winner.The Auction Chits are also known as. Posted in Tagged,. In India, if the value of the chit run by a chit fund operator exceeds Rs.

100 and is not registered, it is considered to be an illegal chit fund.Every institutionalized and is safe and sound and offer greatest support to its customers.Before understanding the working model of chit fund, let us know few terminologies which are specifically used in the working of such schemes. – a legal contract with all detail of rules and regulations signed by foreman and investors2. Chit Group – group of investors who are the part of registered chit fund group3. Chit Amount – the amount paid by the investors on specific period4. Foreman – person/company who maintains records, responsible for collection of money and heads the auctions5. Foreman’s Commission – 5% of the gross paid to the foreman6. Prize money – Summation of all periodic collections minus maximum bidding amount (maximum bidding amount is inclusive of foreman’s commission) Posted in Tagged,.

Are governed by various state or central laws. Organised chit fund schemes are required to register with the Registrar or Firms, Societies and Chits.Union Government –Chit Funds Act 1982 (Except the State of Jammu and Kashmir)Kerala:Kerala Chitties Act 1975Tamil Nadu:Tamil Nadu Chit Funds Act, 1961Karnataka:The Chit Funds (Karnataka) Rules, 1983Andhra Pradesh:The Andhra Pradesh Chit Funds Act, 1971New Delhi:The Chit Funds Act,1982 and Delhi Chit Funds Rules, 2007Maharashtra:Maharashtra Chit Fund Act 1975In, a common type of chit fund uses small paper slips with each member’s name, gathered in a box. When all members are at a monthly or weekly meeting, the one in charge—in front of the other members—picks a slip from the box.The member so selected gets that day’s collection.

Afterwards, that persons name slip is discarded. Thereafter, he comes to the meetings and pays his share, but his name isn’t selected again.Some chit funds are conducted as a savings scheme for a specific purpose. An example is the Deepavali sweets fund, which has a specific end date about a week before Deepavali.Neighbourhood ladies pool their savings each week.

They use this fund to buy and prepare sweets in bulk just before the Deepavali festival, and they distribute sweets to all members.Preparation of Deepavali sweets may be a time consuming and costly activity for individuals. Such a chit reduces costs, and relieves members from extra work in a busy festival season.Nowadays, such special purpose chits are conducted by jewellery shops, kitchenware shops, etc. To promote their products.With the advent of ecommerce in India, Chit funds have also started going online. Online chit funds conduct auctions online and subscribers can pay their monthly dues and receive prize amount online through online transactions including electronic fund transfers. Each member has an online account to manage their chit funds. Posted in Tagged,.

Is a kind of savings scheme practiced in India. In a chit scheme, a specific number of individuals come together to pool a specific amount of money at periodic intervals.Usually the number of individuals and the number of periods will be the same. At the end of each period, there will be an auction of the money.Members of the chit will participate in this auction for the pooled money during that interval. The money will be given to the highest bidder.The bid amount will be divided by number of members, and thus determining per head contribution during that period.Usually the discount will continue to decrease over periods. The in the last period will receive the full scheme.Overall, chit funds are not recommended unless it’s a person group formed by friends and relatives whom you trust a lot.I don’t think one should put which are not among their social circle.

It might make sense for people in smaller cities to look up to them.As the last note, these chit funds are not investment vehicles where you park your hard earned money, So please avoid them unless you want to exactly take that kind of risk. Posted in Tagged,. The mere mention of a chit fund can get worried wrinkles to appear on foreheads. Call it or committee; this was once a popular savings avenue, as much with housewives as with businessmen. Over a period of time, it has earned a bad name due to scores of scams and frauds in the name of chit funds.While fund companies and even government regulatory bodies say are safe and a much-needed financial product to give people the option to save and borrow at the same time, the scams are giving the fund a reputation that is undeserved.This CV report is meant to give general consumers a better understanding of chit funds – what they mean, how they operate, what precautions one may take.

The idea is also to peep into the workings of and compare them on certain essential parameters to find out which ones are better. Posted in Tagged,. The auctions out the ’pot’ every month on a particular date.

The members who wish to participate in the auction assemble at a particular place (generally the chit manager’s office) and call out their bids.The auction essentially lasts for five minutes preceded by five minutes of preliminaries and succeeded by five minutes of closing procedure.At the end of the fifth minute of the auction, a bell will ring to indicate the closure. The highest bid at the time of the bell will be recorded as the winning bid.If a member, interested in participating in an auction, is unable be physically present, then he/she may send a sealed bid to the /foreman 24 hours prior to the auction.

Posted in Tagged,. Small traders and businessmen participate extensively in chit funds. Chit funds provide an opportunity for them to save their excess cash on a daily or monthly basis and, at the same time, to have access to easy ﬁnance in case of emergency or other requirement. Generally, the funds are used as either working capital, for expansion of business or as emergency funds.Small enterprises have been historically wedged between the money lenders, with their exorbitant cost of loans, and banks, with their stringent procedures. Measure for such enterprises to overcome their ﬁnancial constraints.

This is evident from the enthusiastic participation of small business men in the chit funds we came across.Small businesses usually have free cash which they can proﬁtably invest in chit funds to earn returns. Some to make daily contributions, instead of monthly, to coordinate with their income cycle (small traders in the cash and carry business generally have daily cash ﬂows from their business). As and when the need arises, they bid in the auction and receive the loan out of their own funds.Once they receive the loan, they continue to pay the monthly contributions, and this accounts for the payment towards both the interest and the principal which makes the repayment easier and less arduous.

Also, in chit funds, small traders can decide their own interest rates depending on the needrates are in effect the market determined interest rates). Posted in Tagged.

Websoftex Chit fund investments are not affected by any market fluctuations. Chit scheme provide you a complete solution for all your financial planning. It inculcates the habit of compulsory and regular saving. Transparency in Auction Proceedings.

Chit Fund Software Excel Download

It earns dividends every month. Member can make payments either by cash, Demand Draft or cheques. Third party cheques are not acceptable.Issued cheques have to be realized before the auction date if the member wants to participate in auction.Online Payment Facility:Pay online directly from your Bank Account through Net Banking from our web site. For details visit our website ““.ECS Facility:A Mandate is enough to authorise us to debit your Bank Account every month towards chit installments.

For details contact any of our branches.A Registered Chit Fund Company makes a Security deposit equal to 100% of chit value in a Schedule Bank as FDR, which is pledged in favor of registrar of chits.Therefore, a member in a registered Company is very much secured than a member in a non-registered company. Posted in Tagged,. Chit fund is a unique financial concept, which has flexibility to borrow or save. By paying one-month installment amount, a person can get to borrow from the chit value, by offering a discount not exceeding the maximum limit ascertained in the chit agreement.In a chit value of Rs.100000/- for a period of 50 months, first the subscriber can get an amount of 60000/-by paying only Rs.2000/- and remaining installments he pays over a period of 50 months. The rate of borrowing is much cheaper than several other financial schemes.The non prized subscriber who is a saving member upto the last installments gets dividend which is comparatively higher than the interest that are accrued by way of Recurring Deposit Schemes.The purpose of drawing the prized amount need not be disclosed.

It can be used for any need by the member for Example: House construction, Marriage, Education, Expansion of business, buy a Computer or any other purpose at his discretion.Websoftex chits fund is having a vide range of chit groups available which suits all walks of people for Example: Individual, Employee, Professionals, Agriculturists, Land Lords, Proprietors, Partnership firms, companies, corporate offices, Organization etc.,It has a vide range of Chit values starting from Rs.10,000/- to a maximum range of Rs.50,00,000/.Websoftex chits are having various range of chit duration. They are 50 months (Long Term), 40 months (Forty Term), 30 months (Thirty Term), and 25 months (Short Term), groups with 50, 40,30 and 25 members respectively forming the group.A person cannot take more than 2 (Two) chits in a group that too he should have paying capacity for the same.Posted in Tagged,. ChitFund software is simple and easy to understand. A person having basic computer knowledge can master this software in very less Time. As a whole this is efficient for all organization those organize chits.There are a number of chit funds in India. In the past there have been instances of people investing and losing money,as many organizers have fleeced investors. However, many have also benefited from chit funds as well.There are many reputed chit fund organizers, especially the bigger companies that bring some safety into play.It is difficult to say what would be the returns from chit funds.

Many a times it could be more than the returns from bank deposits.If somebody is in urgent need of money, he could bid at a lower rate for the chit fund, which could push the rate of returns higher.It is therefore very difficult to pinpoint the exact rate of returns that one would get from a chit fund. Posted in Tagged,. ChitFund software is simple and easy to understand. A person having basic computer knowledge can master this software in very less Time.

As a whole this is efficient for all organization those organize chits.This software is designed to systemize the work of the chit that is being organized by the person who conducts that chits. This software systemizes all the activities that are being carried out by the chits.Members can see next payment information, amount to be paid along with Loan details.“This is mainly because registered chit funds find it less lucrative to serve the poor due to the increased cost of operating such schemes imposed by the regulators. Most registered chit funds have moved away from smaller and mainly offer large schemes.Posted in Tagged,.

The banking regulator is proud of the fact that there have been no bank failures, no complex derivatives and the banking system survived the global crisis – a system, it claims, that offers an example for the world.Regulatory requirements for priority sector lending and holding of government bonds have further resulted in lower returns. Investing is a lifelong process.

The sooner you start the better off you’ll be in the long run. It’s best to start saving and investing as soon as you start earning money.The discipline and skills you learn will benefit you for the rest of your life. But no matter how old you are when you start thinking seriously about saving and investing, it’s never too late to begin.An intelligent investor is one who diversifies his risk portfolio. Entire disposable income or surplus income should not be invested in any one single financial product alone. Investments must be spread across various financial products like Insurance, Stocks, Mutual Funds, Bank Deposits and Chits.Posted in Tagged,. Chit business and other financial transactions. The objective of starting KSFE was to check the mushroom growth of private by offering effective competition and thereby safeguarding the interests of the Chit subscribers.It comprises of all the essential facilities and features which required to streamline your software is simple and easy to understand.A person having basic computer knowledge can master this software in very less Time.This software is designed to systemize the work of the chit that is being organized by the person who conducts that chits.This software systemizes all the activities that are being carried out by the chits.

Chit Fund Software Excel 2016

As a whole this is efficient for all organization those organize chits. Posted in Tagged. Chit schemes have traditionally been generic, differentiating only in value and duration. The need for customization of products, to address varied requirements of chit members, is evident.In this regard, the Small Enterprise Finance Centre at Institute for Financial Management and Research, along with need for financial education and customization of, and eventually design and test new financial products that will further enhance the value of financial services provided via chit funds.Our web based helps you to monitor your chit activities and at the same time makes it easy for your customers to access their account information from whichever place they are in.

Is working towards having its own server to provide for its clients.Posted in Tagged, Posts navigation.