Chit is a transaction in which a person enters into an agreement with a specific number of people. Each member shall subscribe a assured sum of money by way of periodical installments over a definite period.Each such subscriber in his turn shall be entitled to the prize amount as resolute by lot , by auction or by tender as may be specified in the chit agreement.

There are lot of chit fund companies running all over India.Most of them use software for day to day operations.Previously most of the companies used to work on offline softwares.But online softwares have replaced them so that users can easily access the application from any computer.
To handle all these Chit fund activities , Chit Fund Software is developed .
Chit fund software - Chit is a full-featured application software for managing all types of chits, auctions and settlements.
Some Highlighting Features of Chit Fund Software
1.Daily Collection, weekly collection ,user interface
2.SMS Alerts and intimation - Sending through SMS/email. Getting SMS notifications will add one extra
advantage to chit fund business and will help your source to be in advance of the opponents.
3.Multiple branches –manage multi branches from one location.
4.Data security - Access to Chit Fund is restricted by passwords. As well sensitive information can be viewed, printed or charged only by using a special password.
5.This chit fund software is completely web and mobile based application that systematizes every one of the exercises that are being done by chits.It uses automation thereby reducing time and Human power.It also helps in concentrating on your marketing and customer management activities.

For More Info Visit : https://www.websoftex.com/development/chitfund-software.php