Sri Vinayaka Chit Funds, Kakinada
Sri Vinayaka Chit Funds
Contact Person
P. Sethu Madhava Rao
D.No: 2-39-5, Maddilavari Street, Perrajupeta, RTC Complex Road, Kakinada - 03
Opp. RTC Complex
Opening hours
9:00 a.m. To 1:00 p.m.
 and 4:00 p.m.  To 8:00 p.m.
Ours is a registered firm , reg no: 245 in the year 1998
Chit is a kind of savings scheme practiced in India. In a chit scheme, a specific number of individuals come together to pool a specific amount at periodic intervals. Usually the number of individuals and the number of periods will be same. At the end of each period, there will be an auction of the money. Members of the chit will participate in this auction for the pooled money during that interval. The money will be given to the lowest bidder. The bid amount will be divided by number of members, and thus determining per head contribution during that period.
Chit value from 20000 rs to 200000 rs.
Timings: 9.00am to 1.00pm and 4.00pm and 8.00pm
Distance from
Rail : 0.69 km, Bus : 0.14 km
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