Auction Wise Genericchit Chit Fund Software

Genericchit chit fund software application is very simple, high -quality, centralized data, each and every clicks safe and secure access, cost effective and most important implementation made easy. Our software automated system will reduced the manpower work. A perfect solution to empower you to manage your chit fund business The Right Way. Your business needs are our priority and your growing business needs a comprehensive chit ERP. Its wide variety of features makes chit funds a pleasant and joyful experience.

5 Types of Auction In Genericchit Chit Fund Software:

1) Open Chit:
Some of chit fund company every month conduct the auction, chit subscriber ask their bid amount through online or offline, any one of mode asking. This type of auction is open chit format.

2) Fixed Chit:
Some of chit company not conduct auctions, they are have fixed basis chat, Chit company prepare the chart for due month, due amount, bid amount, payable amount that auction format already have. This type of auction is fixed chit format.

3) Percentage Chit:
Chit fund company conduct the auction every month, but chit subscribers in a single ticket two or more customer joining in a single ticket. This type of auction is percentage chit.

4) Multiple Auction Chit:
Chit company conduct the auction in every month, chit subscriber ask their bid amount, in during auction time, which chit subscriber asking highest bid amount that customer win the auction. Some time two or more chit subscriber asking auction amount in same month. That time chit subscriber paid their auction amount.

5) Non- Auction Chit:
Chit company conduct auction in every month, some time no one of chit subscriber asking bid amount, and taken the auction amount. That time chit company not give payment to chit subscriber.