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Chitfund Calculator
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INPUTs
Your Income:
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Total Chit Amount150000
Interest earned on bid amount
28000.00
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No. Of Chit members35
Your total income
28000.00
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Current Bank Interest Rate for Regular FD (Annual)
7%
Annualised return
6.4%
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Chit Organizer commission %5%
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In Which month you expect to win the bid
3Organiser's Income:
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What bid amount you expect to win
120000.00
Net income of organiser
112500.00
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possibility of you becoming organiser
0
interest on this income
22968.75
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Enter data only in this table
Assuming he wins the bid at last
135000.00
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interest on this income
787.50
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Total return to organiser
271256.25
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Organisers return
62.00%
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Summary
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No.of EMIs (once per every member i.e. 1 x no.of members)35
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EMI (Total Chit Amount/No.of Members or EMIs)4285.714286
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Chit Organizer commission 7500
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