#1 Www ,SrecKarayilChits. Biz Sch Fund Act 1982] (Since 2012 feguisted by CHIT CANCELLATION A Chit Member can CANCEL or EXIT from his/her Chit anytime as he/she Wishes. The Only Condition is After Saving/Paying for 3 Week Chit Installments a Chit can be Cancelled. After CHIT CANCELLATION, the Member Continues as AGENT for LifeTime provided he/she maintains 1 PV New Business Every Year from their Business Joining Date.Www, SreeKarayilChits.Biz #2 (Since 2012 Regulated by CHIT Fund Acr 1982) CHIT CANCELLATION DEDUCTIONS As Per CHIT FUND ACT 1982, When a Chit Member CANCELS or EXITS from his/her Chit then the FOREMAN can DEDUCT 5% of Chit Amount as Foreman Commission and 12% GST on §% Amount of Chit Amount and Organisational Service Charges, if any and the Balance Amount can be Given to the chit | Member through A/C Payee Cheque. ~~Weyw SteeKarayilChits Biz #3 (sn old ees CHIT CANCELLATION UPLINES SUGGESTION Uplines, As a FEEL-GOOD-FACTOR, Recommend that to EXIT or CANCEL from the Chit after Saving or Paying ATLEAST 10 Week Chit Installments as after Deductions the Chit Member will Receive Some Amount which makes him Happy to see some Amount in the Hand. It is ONLY al Suggestion and the Chit Member can EXIT or CANCEL any time as he/she Wishes after Saving 3 Week Installments.Wow SrecKarayilChits.Biz (Since 2012 Reguisted by CHI Fund Acr 1982) CHIT > CANCELLATION Some EXAMPLES... Savings & Deductions 3 10 15 20 Description Weeks Weeks Weeks Weeks TOTAL Chit Savings Amount Rs2,900__|Rs9,200_| Rs.13,700 | Rs.18,200 DEDUCTIONS 1, _5% Foreman Commission Rs.2500| _Rs.2500| _Rs.2500| _Rs.2500 2, 12% GST on Rs.2500 Rs300| Rs.300 Rs.300 Bs.300 (5% Foreman Commission ) 3, Chit CANCELLATION Charges R3.100| 5.100 Rs.100 Rs.100 TOTAL Deductions Bs.2900| _Rs.2900| _Rs.2900| _Bs.2900 TOTAL Chit Savings Amount 'Rs.2,900 | Rs.9,200] Rs.13,700] Rs.18,200 LESS: Total Deductions Rs.2,900 Rs.2,900| Rs. 100 Losec)Www, SrecKarayilChits. Biz (Since 2012 Hegulsted by CHIT Fund Acr 1982) cuir = CANCELLATION AMOUNT Rs.2900 Rs.2500 = 5% Foreman Commission on AIM1 Chit Amount of Rs.50,000 Rs.300 = 12% GST on §% Foreman Commission Amount iLe., 12% on Rs.2500 Rs.100 = Chit Cancellation Service Charges Uplines / Seniors CANCEL Chit, FH ase paying 3 Week Chit installments, Members TOTAL Chit Saving will be Rs.2900. Soafter Completing 3 Week Chit Installments a Member can CANCEL their AIMx Chit,Wow SrecKarayilChits.Biz (Since 2012 Hegulsted by CHIT Fund Acr 1982) #6 CHIT CANCELLATION PROCEDURE How To EXIT or CANCEL Chit VERY VERY SIMPLE, Send Your ID, Name and Mobile to Companys WhatsApp Number and REQUEST to CANCEL Your CHIT. Thats It. It's So Simple. ‘Support Staff will Call You and Take Confirmation to CANCEL your CHIT and in 7 to 10 Working Days in REGISTERED POST you SHALL Recieve your Balance Chit Amount CHEQUE.Www, SrecKarayilChits. Biz #7 (Since 2012 Hegulsted by CHIT Fund Acr 1982) CHIT CANCELLATION BEST PART One of the Unique, Innovative and Creative Aspects of AGENT RECRUITMENT PROGRAM is that Even after a Member EXITS / CANCELS thier CHIT, the Member Continues as AGENT for Lifetime. After Chit CANCELLALTION, Weekly Chit Saving Installment is Not Deducted. Only Condition to Continue as AGENT for Lifetime is that The Agent has to Maintain 1 PV New Business Every Year from their Date of Starting the Business.Wow SrecKarayilChits.Biz #8 (Since 2012 Hegulsted by CHIT Fund Acr 1982) CHIT CANCELLATION Word of Advice To those who are in DAMN need of Money in the Begining Stages of Building Teams in SKCIL Opportunity, Itis Highly Recommended to CANCEL / EXIT from their CHIT after Saving for 3 Weeks. ft Member CANCELS/EXITS thair Chit then As Weakly Co * Imant will NOT BE DEDUCTED anymore Stages of Bulling BWow SrecKarayilChits.Biz #9 (Since 2012 Hegulsted by CHIT Fund Acr 1982) CHIT CANCELLATION (Technically, after Saving 3 Weeks Chit installments a Chit Member can EXIT/CANCEL from the Chit) a DEDUCTIONS 3 Week Chit Installments Saved| Rs 2,900 | Rs.6,000 |Rs.15,000 DEDUCTIONS 1, 5% Foreman Commission R3.2500|_Rs.5000 | Rs.12,500 2, 12% GST On 5% Amount Bs300] Rs.6O0| Rs.1,500 (5% Foreman Commussion ) 3, Chit CANCELLATION Charges Rs.100|_Bs.100 BS.100 TOTAL Deductions TOTAL Chit Savings Amount LESS: Total Deductions