Pravasi Bandhu Chittikal 2008

The current scenario of Kerala , shows that the very life of this state is run by the cash flow from the non resident Keralites. The number of this group is increasing day by day.

Last year we have introduced a new scheme, to honor the contributions of this non-resident Keralites group , under the title of Pravasi bandhu chittikal. It primarily targeted the family members, relatives and friends of NRK's residing inside Kerala and helped the NRK's to fulfill their dreams in their native land. It was a grand success, by the active participations of the relatives of NRK's and collected far more than the target fixed.

Now we have introduced a new edition of Pravasi Bandhu Chitties, under the title Pravasi Bandhu Chittikal 2008, from 1st November 2008 , the fifty second birth anniversary of Kerala State. The significance of the date selected closely depicting the commitment of KSFE to the NRK's so that they are the inevitable part of Kerala though they live most of the days outside the state physically. Their dreams , sprit etc., all are vested inside the land.

It is a special scheme consisting of a series of chitties ranging the monthly remittance from 25 to 100 months. So one can easily pick the desirable one from the series, depending upon their financial back ground and repaying capacity. The whole benefits of chitty, as a financial product , tested by the heritage of many years, will be automatically reached them by simply joining in the scheme. But besides the strong support of the financial product called chitty, Pravasi bandhu chitties, 2008 offers certain more benefits to them. First of them are prizes inbuilt.

Prize Scheme

Three types of prize schemes are attached with pravasi bandhu chittikal 2008. First , a bumper prize of 10 Maruthi Alto cars at the State level for the selected members. To regulate the distribution of prizes all over Kerala uniformly, it has already decided that the draw will be such that each of the five region of KSFE will get 2 cars.

The second prize is good in number, 100 air tickets to Dubai with the additional facility of returning. Actually this is intending for 50 families, in a view that , the air voyage can be made a joyful one with one additional family member.

The third one is more penetrative which ensure the probability of getting prize in every chitties. In every chitty the selected 3 subscribers will get a chance to receive gold coins with the first auction of the chitty.

Other benefits

The building up of Pravsai Bandhu chitties are such that it provides various options to the customers. It has a built in mechanism which offers a multi purpose project wrapped under a single name Pravasi Bandhu chittikal 2008. For example the following benefits can be availed by a customer by simply joining in the Pravsai Bandhu chittikal. One can choose a loan scheme for marriage purpose, for building a residential home, to own a vehicle etc. The terms and conditions are too simple.

More over one non prized chitty subscriber can avails a credit line of Rs. 1,00,000 or 50% of Sala , which ever is less , by the completion of first auction itself. The surety norms are too liberal to avail the above said loans.

If the prize money is deposited in the company, the fixed deposit will get more interest than ordinary deposit.

Since an uncertainty factor pertains within the course of life of every person, we have introduced a liability waiver scheme to absorb the shock of uncertainty factor. According to this liability waiver scheme, in case a prized subscriber who meets with unfortunate death in an accident, the company will write off the future liability or rupees one lakh which ever is less.

Yes, we are just highlighting only a few advantages of a great product. After all by joining in KSFE schemes, means participating in an on going process of development of our state, since one part of the income of KSFE directly goes to the State Govt.. KSFE a profit running PSU, from the very beginning and is a synonym to the development of Kerala and Keralites, as its slogan says
"KSFE-The thump impression of the developing Kerala".

To avail this facility, please check our branch list and get in touch with the branch
which is most convenient for you.

View Newly Announced Chitties