I am not attending the Lelam for the prize money. What will happen on the completion of the chitty time period of 5 years?






KSFE, Government of Kerala verified
Answered on January 23,2023

After completion of the chitty you will get an mount after deducting 5% from total chitty (GST @18% on 5% also will be deducted) amount. However it is advisable to attend lelam, through proxy / direct at least during the last session of the chitty termination whereby you may get almost the same amount prior to the termination of the chitty.

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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

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