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MULTIPLE DIVISION CHITTY
Planning department, KSFE
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MULTIPLE DIVISION CHITTY SALIENT FEATURES
4 DIVISIONS 1 LOT 3 AUCTIONS 4 DIVISIONS 1 LOT 3 AUCTIONS AUCTION DISCOUNT UP TO 40% DURATION UP TO 120 MONTHS EVERY NON-PRIZED PROMPT SUBSCRIBER GETS A CHANCE TO WIN CHITTY WITHOUT ANY DISCOUNT OTHER THAN FC EACH MONTH
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GROSS INSTALLMENT AMOUNT
DURATION CHIT AMOUNT TOTAL No. OF SUBSCRIBERS REQUIRED TOTAL SALA % OF AUCTION DIVIDEND EXCLUDING FC AMOUNT OF AUCTION DIVIDEND PER DIVISION TOTAL AMOUNT OF AUCTION DIVIDEND DIVIDEND ELIGIBLE FOR NEXT INSTALLMENT SUBSEQUENT INSTALLMENT REQUIRED TO BE REMITTED* 1 2 3 ( 1 x 2) 4 5 ( 1 X 4) 6 7 (3 X6/100) 8 (3 X 7) 9 (8/ 4) 10 (1 – 9) 10000 120 480 35 420000 2625 7375 100 400 350000 60 600000 240 30 180000 540000 2250 7750 50 500000 200 25 125000 375000 1875 8125 40 400000 160 100000 300000
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Installment Amount 10000 Duration 120 100 60 50 40 Amount 600000 500000 400000 Prize Amount(Full) 950000 570000 475000 380000 Monthly Interest on the 7600 6333 3800 3167 2533 Simple 8% for Full Prize Amount (for the full duration of chitty) 904400 627000 224200 155000 98800 Total (Prize Amount %) 794200 630000 478800
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Installment Amount 10000 Duration 120 100 60 50 40 Amount 600000 500000 400000 Prize Amount( 40% auction for chitties of 120,100 month duration, 35% for 60 month and 30% for 50 & 40 month) 720000 390000 350000 280000 Monthly Interest on the 8% 4800 4000 2600 2333 1867 Simple 8% for Prize Amount (for full duration of chitty) 571200 396000 153400 114300 72800 Total (Prize Amount 8%) 996000 543400 464300 352800 Approximate amount to be repaid 972000 809125 525750 450125 368125
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Returns and repayment if prized or auctioned at the first installment
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THANK YOU
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