Is there any penalty for belated payments in KSFE Pravasi Chits?






KSFE, Government of Kerala verified
Answered on February 19,2023

Yes. The penalty for defaulted payments is calculated on the actual number of days delayed for making the payment. Please read the Chit Agreement for more details.

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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..
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