10 lakh ksfe chitty , 5 % commission is 50000, 12% GST and 1 % cess. that's in a total deducted amount is 56500 . Our hand 943500 lakh. Is it correct?






KSFE, Government of Kerala verified
Answered on March 31,2021

It is correct. The subscriber should also remit an amount of Rs.200/- as documentation charge, otherwise this amount also be deducted from the prize money payable. Depending upon the security produced for withdrawing chit amount, there will be charge like appraiser fee for gold security valuation fee for property security.

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Complete Guide on KSFE Pravasi Chit

KSFE Pravasi Chitty is a unique financial savings scheme introduced for the welfare of Malayalees living outside Kerala. It also gives NRK's, an opportunity to partake in the overall infras..
  Click here to get a detailed guide

Guide

Complete Guide on KSFE Pravasi Chit

KSFE Pravasi Chitty is a unique financial savings scheme introduced for the welfare of Malayalees living outside Kerala. It also gives NRK's, an opportunity to partake in the overall infras..
  Click here to get a detailed guide