Uma Chit Fund

Uma Chit Fund

Created using Figma
Created using Figma
UmaChitFund: Revolutionized savings cum borrowings. Uma chit funds is an advanced version of Rotating Saving and Credit Associations found across the globe. It serves people with limited access to banking facilities and gives them access to savings and borrowing schemes. The platform is enabled with smart contracts and provides many additional features along with high encryption, data security and unmatched transparency.
Dec 24, 2021
Jul 20, 2022
12% completed
Raised funds - no Data
ongoing
Private Sale
Oct 11, 2021
Dec 23, 2021
100% completed
Raised funds - no Data
past
Additional Details
Categories
Platform, Finance

About Uma Chit Fund

Chit Funds is a Non-Banking Financial Institution originated in India which comes under the RBI Act 1934. These companies are governed by the Chit Fund Act 1982. “Chit” as characterized by the act, implies an exchange by the method of which a foreman goes into a concurrence with various subscribers that all of them will buy in a specific amount of cash in periodical portions over some period of time i.e.

 Chit funds are a traditional means of savings and borrowing in which members or subscribers agree to contribute a fixed amount of money for a fixed duration of time. The total amount collected (by foreman) is then auctioned and given out as prize money to the member or subscriber in need. So, this allows the members to save a part of their earnings for the times when needed.

Activity

Activity:
1 512
VERY HIGH
Posts:
12
VERY LOW
Views:
328
VERY LOW
Followers:
3 374
MEDIUM
Tweets:
45
VERY LOW
30 Days Growth:
798
Members:
1 389
LOW
30 Days Growth:
108
  • Because there may be time differences in information updates, accurate information about each ICO project should be verified through its official website or other communication channels.
  • This information is not a suggestion or advice on investing in ICO funding. Please thoroughly investigate the relevant information yourself and decide on ICO participation.
  • If you think there are issues or problems to be corrected on this content, or if you would like to submit your own ICO project to be listed, Please email us.
Please read the disclaimer and risk warning. Show disclaimer and risk warning.