#4 Www.SreeKarayilChits.Biz [Since 2012 Regulated by Chit Fund Act 1982 ) What happens if i do not able to RECRUIT anybody ? SreeKarayilCHITS Opportunity is a Chit Business. AGENTS DUTY & RESPONSIBILITY is to RECRUIT Atleast 2 Agents and DUPLICATE the Process in order to Earn Commission From their 2 Teams Business from Unlimited Depth with a Weekly Upper Limit of 100 Point Value. So, If NO Business happens then NO Commissions are paid. In case, in I Year - §2 Weeks, if an AGENT has not made ATLEAST 1 PV then AGENTS Code / ID SHALL be Deactivated.#2 Fieve SeccBareycttte: ly: [Since 2012 Regulated by Chit Fund Aer 198: Is my AGENTSHIP in SreeKarayil CHITS is PERMANENT ? In Each CHIT Group - AIM1, AIM2 and AIM3 Every Year ATLEAST I PV Business MUST happen Otherwise the AGENTSHIP is Deactivated in the respective Chit Group on Non Performance Grounds.SVAINTES WWW Www.SreeKarayilChits.Biz [Since 2012 Regulated by Chit Fund Aer 1982 } ) I Wish to be a CHIT Member only and Ido not Wish to RECRUIT anybody. Can i ASSOCIATE ? a e Yes. You Can Associate. It is RECOMMENDED not to Associate as You can more DIVIDEND in Other Chit Companies than SKCIL. The SKCIL Opportunity is Designed to RECRUIT Agents and Make Turnover. So, It is Advised to Associate if you are Willing to RECRUIT Atleast 2 Agents and DUPLICATE the Recruitment Process to make Commissions.#4 Www.SreeKarayilChits.Biz [Since 2012 bby Chit Fund Act 1982) When My AGENTSHIP ee is DEACTIVATED ? In Each CHIT Group - AIM1, AIM2, and AIM3 Every Year ATLEAST I PV Business MUST S happen Otherwise the AGENTSHIP is i Deactivated in the respective Chit Group on : Non Performance Grounds.SVAINTES WW #60 Www.SreeKarayilChits.Biz {Since 2012 Regulated by Chit Fund Act 1982 ) Is it Possible to change UPLINE ? pone? NO! It is Not POSSIBLE to Change UPLINE !!! Asking this Question is like asking, Can i Change my Parents ? Fundamentally, it is a Unethical, Immoral and Unprofessional to think in these lines. Here @ SKCIL Uplines give an Unprecedented Support and Office Meetings is an Proven Platform to Build & Grow Teams.Www.SreeKarayilChits.Biz [Since 2012 Regulated by Chit Fund Act 1982 } another Team along with my TEAM ? NO ! It is not Possible.#8 Www.SreeKarayilChits.Biz (Since 2012 Regulated by Chit Fund Act 1982 ) @ i Change Name after an Agent got Registered ? eee ="No! It is not Possible !!! ( ONLY Small Small Corrections or Spelling Mistakes Corrections are Allowed }# Www.Sres Rang ilChits, Biz (Since 2012 Regulzted a) i Change - Bank Account and Address ? S ves: You can Change !!!y How many Agencies / Agent Codes can a Single Person can Hold ? ge? 1 PAN Card = 1 Agent Code (11D) #10 Www.SreeKarayilChits.Biz (Since 2012 Regulated by Chit Fund Act 1982 )#11 Www.SreeKarayilChits.Biz Vis KYC Mandatory ? If ido not Submit KYC then what are the = CONSEQUENCES ? ves: It is Mandatory to Submit KYC. 18 KYC is not Submitted then PASSBOOK and Receipt are not Issued and ALSO Chit Amount cannot be Claimed. (Since 2012 Regulated by Chit Fund Act 1982 )#12 Www.SreeKarayilChits.Biz (Since 2012 Regulated by Chit Fund Act 1982 ) ‘ » KYC Documents to be Submitted along with the uate Application Forms ? we Submit Xerox Copy Of: ' 1, Bank Account Proof (cheque Leaf, PassBook ) : 2, PAN Card (Bank Statement ) ;#13 Www.SreeKarayilChits.Biz [Since 2012 Regulated by Chit Fund Act 1982 ) y Where to Send my Applications Forms and KYC Documents ? Courier To Following Address: SreeKarayil Chits ( India ) Limited, Madhavi Building, Kavilkadavu, KONDANGALLUR, THRISSUR, KERALA - 680644 y 5 i iy Can -ido FREE Registration ? “NO,..<- Registration Not Possible !3! #14 Www.SreeKarayilChits.Biz (Since 2012 Regulated by Chit Fund Act KATAKAM SRINIVAS(Since 2012 Regulzted ~ i RECRUIT Unlimited Agents Directly ? NO! As per Chit Fund Act 1982, an Agent can RECRUIT Maximum 10 Agents Only #15 Www.SreeKarayilChits.Biz ‘by Chit Fund Act 1982) KATAKAM. SRINIVAS YES! As we are Building 2, Teams Only, an Agent can RECRUIT UNLIMITED Agents who will be Placed under Team A or B#16 Www.SreeKarayilChits.Biz (Since 2012 Regulated by Chit Fund Act 1982 ) yy isthe Minimum and Maximum Limit to DIRECTLY Recruit Agents ? Minimum of 2 Agents KATAKAM. SRINIVAS Maximum of UNLIMITED Agents#17 Www.SreeKarayilChits.Biz {Since 2012 Regulated by Chit Fund Act 1982 ) there any SPILL OVER Benefit for more direct i Sponsorings ? Q No, There is no Extra Benefit for SPILL OVERWww.SreeKarayilChits.Biz (Since 2012 Regulated by Chit Fund Act 1982 ) What is REGISTRATION Process ? Step1 Do Rs.2200 Payment to Companys BankAccount. WhatsApp Payment Proof to Get PIN. ( With Payment Proof Mention UPLINEs User ID, Registered Mobile and Name to Recieve PIN ) Step 2 Register the New Agent with the PIN Recieved from the Company. KATAKAM SRINIVAS#19 Www.SreeKarayilChits.Biz (Since 2012 Regulated by Chit Fund Act 1982 ) } Can i Pay CASH in any one of the Branch Offices to Get myself REGISTERED ? Os No, Only through PIN System New Agents are to be : REGISTERED ccrctirertyioesio twtr os ssoWww.SreeKarayilChits.Biz [Since 2012 Regulated by Chit Fund Act 1982 ) "Is this a Chitty MEMBERS Joining Program or a AGENT Recruitment Program ? Both SreeKarayilCHITS is Primarily a AGENT Recruitment Program. At the Same Time an AGENT for Knowledge and Experience of Chit will be| having one Personal Chit which can be Discontinued At any Time.za Www.SreeKarayilChits.Biz [Since 2012 Regulated by Chit Fund Act 1982 ) _ aAGENT get Regitered without becoming a Member in tie AIMI Chit Group ? KATAKAM SRINIVAS { 4 | No! It is Not Possible. Becoming AGENT and Chit Member are Like Two Sides of a Coin. To Start with, everybody must be BOTH. Later can EXIT from CHIT and Continue as AGENT forever in the Company by maintaining 1 PV Per Year.#22 Www.SreeKarayilChits.Biz (Since 2012 Regulated by Chit Fund Act 1982 ) an AGENT must become a Chit Member ? poe “ . . : Tur SreeKarayilCHITS is Chits Business Company so the TURNOVER comes from the Chit Members only. Without TURNOVER no business Survives and the ONLY Income for any Chit Company is the 5% Foreman Commission from a Chit Group. Uniquely & Innovatively the Company is making every AGENT a Member thus creating TURNOVER. RANTES WHY#2 Www.SreeKarayilChits.Biz (Since 2012 Regulated by Chit Fund Act 1982 ) How can my CHIT run without Paying Weekly Chit INSTALLMENTS out of my Pocket ? QS As we ALL have Taken Up SKCIL Opportunity to make Commissions and Make it a Career to Earn for Generations to Come so It is Highly Recommended / Suggested that we DO NOT PAY CHIT INSTALLMENTS out of our Pocket but Instead Earn Commission and Let our Weekly Chit Installment get Deducted from our Commissions made. As well, we can PAY from Pocket also.#24 Www.SreeKarayilChits.Biz (Since 2012 Regulated by Chit Fund Act 1982 ) What happens if my weekly Commission is not Sufficient Enough to pay Chit Installment ? eos Nothing to WORRY ‘The Current Week Chit Installment will be considered as DUE and the Commission in Hand will be kept side aside till Sufficient Amount for the 1 Chit Installment Amount is accumulated then in the Next Coming Business Weeks once 1 Chit Installment Amount is Saved as your Chit installment and if any, more Commission is there then that Amount of Commission is Deposited to the Agents Bank Account in between Friday to Monday.RANTES WHY #25 Www.SreeKarayilChits.Biz {Since 2012 Regulated by Chit Fund Act 198? ) Every Week Can I Pay my CHIT INSTALLMENT from my Pocket Instead of Comunission Made ? you. Chit Fund ACT 1982, a Chit Member has to Pay the Chit Installment Week on Week without fail but the SKCIL has made every Chit Member an Agent who Earns Commissions by Recruiting Agents and in case of Sufficient Commission Fund is available then that Amount is Automatically considered for Current Week Chit Installment Payment and as we know the balance Commission is deposited in Agents Bank Account.#26 Www.SreeKarayilChits.Biz [Since 2012 Regulated by Chit Fund Act 1982 ) I Take / Lift My Chit Maturity Amount WEHENVER I LIKE ? Shes! As Per Chit Fund Act 1982, Whenever you Wish you can Take the Chit Amount but to the extent of the Chit Amount the Member has to Provide SURETY from other SKCIL Agents who have that Sufficient Funds as their Chit Savings in their Chit. In case, 2 or more Members express their willingness to Take/Lift their Chit in the same week then a DRAW between them is done and one person is given that Chit Amount in that Week.#27 Www.SreeKarayilChits.Biz [Since 2012 Regulated by Chit Fund Act 1982 ) y What are ~ Chit AUCTIONING Amounts and What are DIVIDEND Amounts ? = B I D_ Dividend cxait*® Week % Amount Amount Amount ‘Ist Week Amount is Adjusted Towards PSO. Prior Sanction Order Permit 2nd Week Amount is Taken by the Foreman without Auction as per Chit Fund Act 1982 3rd to 25th 15% | 7500 100 | Rs.42,500 26th to 40th 10% | 5000 50 | Rs.45,000 4Ist to 50th 5% 2500 o | Rs.47,500 H cit Maturity Amountis Given thru A/e Pryce Cheauc ONLY which is subject to 12% OST deduation#28 Www.SreeKarayilChits.Biz [Since 2012 Regulated by Chit Fund Act 1982 ) Much DIVIDEND i Recieve Week Week | | 3 I D__ Dividend 2nd Week Amount is Taken by the Foreman without Auction as per Chit Fund Act 1982 3rd to 25th 15% | 7500 100 |23 Weeks X Rs.100 = Rs.2300 26th to 40th 10% 5000 5m | A Weeks Race 9 BE7s0 41st to 50th 5% | 2500 ° — 5 a SKCIL Opportunity is AGENT RECRUITMENT PROGRAM so Focus is on 100 PV Weekly but not on CHIT.#29 Www.SreeKarayilChits.! [Since 2012 Regulated by Chit Fund Act p it PROFITABLE to wait till last week ...50th week ? To Continue in the CHIT and Wait till the end of soth Week is CHOICE ABSOLUTELY a Personal Choice. Optionally, a Member can EXIT from the Chit anytime as their Wish subject to a Deduction of 5% Foreman Commission as per Chit Fund Act 1982. Uplines with their EXPERIENCE Suggest/Recommend that, if required then, to EXIT from the CHIT after paying ATLEAST 10 Installments.#30 Www.SreeKarayilChits.Biz (Since 2012 Regulated by Chit Fund Act 1982 ) When Compared to other Chit Companies do i get more CHIT Amount ? Technically, SKCIL is an AGENT Recruitment Program in CHIT Industry so it more Focuses on Agent Commissions rather than CHIT Amount. Unlike, in other Companies the Chit Auction is done on a OPEN BIDDING System wherein it is prone for Exploitation sometimes and the Chit Bidder may loose huge Chit Prize Amount so © SKCIL Chit BIDDING % is Fixed as 15%, 10% and 5% ONLY wherein the Chit Auctioner is safeguarded. Bid Week BID 3rd to 25th 15% 26th to 40th 10% 41st to soth 5%#31 Www.SreeKarayilChits.Biz (Since 2012 Regulated by Chit Fund Act 1982 ) ), It MANDATORY ~ to Continue all CHIT INSTALLMENTS ? Nranassor “No! It is not Compulsory to Continue/Pay all the 50 week Chit Installments. As per Chit Fund Act 1982 any Member can EXIT from the Chit in any week.#32 Www.SreeKarayilChits.Biz (Since 2012 Regulated by Chit Fund Act 1982 ) Can i Exit from CHIT ? KATAKAM SRINIVAS YES ! e As per Chit Fund Act 1982, A Chit Member can EXIT rom the Chit anytime and a §% Foreman Comunission will be Deducted and the Balance Amount of the Chit Installments Paid will be Returned thru a Cheque and the Member Continues as an AGENT for Lifetime in the Company Provided 1 PV Business is Maintained for Ever year to Continue as AGENT.#33 Www.SreeKarayilChits.Biz [Since 2012 Regulated by Chit Fund Act 1982 ) from the CHIT ? &, As Per Chit Fund Act 1982, When a Chit Member EXITS from a Chit then 5% Foreman Commission is Dedcuted and the Balance Amount is Paid to the Member.#34 Www.SreeKarayilChits.Biz { since 2012 Regulated by Chit Fund Act 1982 } y How to EXIT from the CHIT ? To EXIT from the Chit, We have to Take the Printout of our Chi Installments List and take a Printout of it and Si; it with a Request to EXIT from the Chit and Couri the Printout to Company and As well Send it ta Company’s Whatsapp Number.#35 Www.SreeKarayilChits.Biz (Since 2012 Regulated by Chit Fund Act 1982 ) After \ i EXIT from the CHIT, in How many Days i will RECEIVE my CHIT Amount ? countoow™ 45 \ Atter Company Receives your Signed Printout/Hard DAYS Copy of the Request (along with your Chit Installment List) in Less than 1§ Days you will RECEIVE the Chit Amount CHEQUE to your Postal Address.#36 Www.SreeKarayilChits.Biz [Since 2012 Reguiated by Chit Fund Act 1982) After my CHIT Completes 50 Weeks, In how many Days i Will RECEIVE my Chit amount ? Once your Chits 50 Weeks Period is Completed then Company sends a Letter to you informing the Same. Along with this Companys Letter and your Signed Printout/Hard Copy of your 50 Week Chit Installment List with a REQUEST to Send Chit Amount CHEQUE you have to Courier to Company and After Company Receives your Courier in Less than 1§ Days you will RECEIVE the Chit Amount CHEQUE to your Registered Postal Address in your Profile. Ensure to Give Correct POSTAL Address with Correct PIN Code and Landmarks, if any and avoid inconveniences.#37 Www.SreeKarayilChits.Biz [Since 2012 Regulated by Chit Fund Act 1982 ) ae there any GST ~ Deduction on my Chit Maturity / Chit Prize Money ? : SS YES! 12% GST will be Duducted on Chit Amount.NO! There is No Income Tax Dedution } Is there any Www. {Since 2012 Regulated IT - Income Tax Deduction on my Chit Maturity / Chit Prize Money ? #38 ‘ww .SreeKarayilChits.Biz ‘by Chit Fund Act 1982 ) KATAKAM SRINIVAS But IT Deduction of §% ( with PAN) and 20% ( without PAN ) will there on the Commissions based on 1 PV of the Agents / Representatives.#40 Www.SreeKarayilChits.Biz [Since 2012 Regulated by Chit Fund Act 1982 ) Personally Participate in WEEKLY Chit Draw in SreeKarayilCHITs Head Office @ Kondagallur ? You Can go to SreekarayilCHITs Head Office @ Kodangallur, Kerala with PRIOR Permission / Intimation. SKCIL is a Transparent Company.HAL Www.SreeKarayilChits.Biz [Since 2012 Reguiated by Chit Fund Act 1982) How ) toknow my Chits PSO Number ? You can Contact Support to know your PSO Number !!!Www.SreeKarayilChits.Biz When » and How I get my CHIT PassBook and Receipt ? Application forms with KYC is Submitted then only we can get our Passbook and Receipt for Rs.2200. #42 (Since 2012 Regulated by Chit Fund Act 1982 )#43 Www.SreeKarayilChits.Biz (Since 2012 Regulated by Chit Fund Act 1982 ) What is the Procedure to take the CHIT Amount ? Inform the Company about your Intention to Take the Chit Amount and Also Provide the SURETIY to the Extent of your Chit Amount from Any SKCIL Existing Agent or Agents who already have saved enough to Provide the SIRETY to you. For more Details Contact your Upline or Growing Upline or DOs or SKCIL Support.#44 Www.SreeKarayilChits.Biz [Since 2012 Regulated by Chit Fund Act 1982 ) = What ' happens if I do not provide SURETY to Take Chit Amount ? As Per Chit Fund Act 1982, SURETY must be provided to take the Chit Amount and in case SURETY cannot be Provided then Chit Amount cannot be given to the Chit Member. This Rule is Imposed by the Government to ensure Financial Safety for all and to Conduct Healthy Chit Business by the Foreman.#45 Www.SreeKarayilChits.Biz [Since 2012 Regulated by Chit Fund Act 1982 ) how many ways ican take Chit Amount ? KATAKAM SRINIVAS In 3 Ways a Member can take Chit Amount. ist Way : Ask and Provide SURETY and Take Chit. 2nd Way: EXIT from the Chit and Take Chit Amount. 3rd Way : After 50 Weeks Chit Period Completion then the Chit Amount can be Taken.#46 Www.SreeKarayilChits.Biz [Since 2012 Regulated by Chit Fund Act 1982 ) | What happens if ido not do 1 PV or paid a single Chit Installment 8 in 50 Weeks ? 5 me i In Such a case the Agent will be Deleted after 50 Weeks. To be H é Active Agent, 1 PV Business Every Year is Compulsorily has to be Done by the Agent. After 50 Weeks Chit Gets Closed.#47 Www.SreeKarayilChits.Biz (Since 2012 Regulated by Chit Fund Act 1982 ) When my Agent Code is Deleted or Expires ? As a Condition, Every Agent must and should do ATLEAST 1 PV in 50 Weeks from their Chit Joining Date to Continue as an AGENT and Receive Commissions otherwise they will be DEACTIVATED forever and if they wish to Resume then they have to Start AFRESH as a New Agent and if, any Team Exists under them then they will loose that team and build their Teams AFRESH as they Start Again as NEW AGENTS.#48 Www.SreeKarayilChits.Biz [Since 2012 Regulated by Chit Fund Act 1982 ) - Long Time ago An Agent Registered and Again the Agent wishes to REGISTGER Under Some other Team Can Agent Do So? As We ALL Know that 1 PAN = 1 AGENT is the POLICY. In case 50 Weeks is Completed after Registration and 1 PV Busines is Not Done then the Agent Can REGISTER Again with Same PAN with the help of ADMIN/SUPPORT Otherwise it is not Possible to Again REGISTER with the Same PAN Number.#49 Www.SreeKarayilChits.Biz (Since 2012 Regulated by Chit Fund Act 1982 ) Do not have a PAN CARD then Can i Get REGISTERED ? YES, Without PAN Card an Agent can get Registered and Later Update PAN details. Till your PAN Details are not Updated 20% Income Tax ‘Will be deducted from your Income. So it is HIGHLY Recommended to Update Agents PAN Card Details as soon as Possible.#50 Www.SreeKarayilChits.Biz [Since 2012 Regulated by Chit Fund Act 1982 ) Do not have a Bank Account then Can i Get @ REGISTERED ? YES An Agent can get Register without their Bank Account Details. Remember that, Until the Bank Account details are not Updated the Commissions cannot be Paid to your Bank Account. So it is Highly Recommended to Update your Bank Account Details as soon as Possible.#51 Www.SreeKarayilChits.Biz [Since 2012 Regulated by Chit Fund Act 1982 ) Can Same Mobile Number is Mentioned for Multiple Agent Registrations ? YES, Same Mobile Number can be Mentioned for Multiple Agent Registrations BUT it is HIGHLY RECOMMENDED to Restrict One Mobile Number to 1 Agent Registration Only.#52 Www.SreeKarayilChits.Biz [Since 2012 Regulated by Chit Fund Act 1982 ) y Can ' Same Postal Address is Mentioned for Multiple Agent Registrations ? ‘ye YES, Same Postal Address can be Mentioned for Multiple Agent Registrations Provided that the Agents Reside in the Same Address.#53 Www.SreeKarayilChits.Biz (Since 2012 Regulated by Chit Fund Act 1982 ) Can a Single Agent have Multiple Chits in the Same Group or Other Groups ? The Whole SreeKarayilCHITS Opportunity is Uniquely & Innovatively Designed for Phased Wise and Consistent Growth for Persistent Agents i.e., Agents have to Start with AIM1 Chit Group - Work ONCE Only in the AIMi Chit Group and Their Teams SHALL Duplicated in Other Chit Groups - AIM2 and AIM3 which Completes 1 Cycle of Chit Groups ( Once you become Filed Officer in all the 3 Chit Groups ) and Once an Agent Becomes Filed Officer in AIM3 Chit Group then the Agent can again Start a New Chit in AIMi and so on i.e., Start Another Cycle (there is no Upper Limit of Chit Cycles). The BEAUTY of the SKCIL Opportunity is to be Leveraged for Highest Commissions by Building Teams ONCE Only in AIM1 and duplicating them in AIM2 and AIM3 Chit Groups.#54 Www.SreeKarayilChits.Biz [Since 2012 Regulated by Chit Fund Act 1982 ) it Cumpolsory to Start AIM2 & AIM3 Chits ? No It is OPTIONAL to Start AIM2 and AIM3 but it is HIGHLY RECOMMENDED to Start AIM2 and AIM3 Chits As we Associated as AGENTS to Earn Commissions and the Unique Part of SKCIL Opportunity is WORK ONCE AND EARN FOREVER Philosophy which is to be Leveraged by ALL.Www.SreeKarayilChits.Biz [Since 2012 Regulated by Chit Fund Act 1982 ) ) Why Should an AGENT must Recuit 2 Agents or Do1PV? SreeKarayilChits Opportunity itself is a AGENT RECRUITMENT PROGRAM so those who cannot Recruit ATLEAST 2 Agents i.e., do 1 PV should not Associate with SKCIL as an Agent. KATAKAM SRINIVAS