Objectives:

1. To start and conduct conventional chit, chit fund, chitty, kuries, namely
transaction entered into by the Company with the number of persons agreeing
that every one of the contracting parties shall subscribe a certain amount of
money be periodical instalments for a certain definite period and that each in
his turn as determined by lot or auction or by both shall be entitled to the
prize amount payable in cash against sufficient security for regular
payments of future subscriptions as may be provided for in the chit of kuries
agreement but not to start and conduct prize and/or benefit scheme and
money circulating scheme as prohibited under Section 3 of Prize, Chits and
Money Circulating Scheme (Banning) Act 1978.
2. To carry on the business of advancing money to non-prized subscribers in
terms of THE CHIT FUNDS ACT - 1982, THE CHIT FUNDS (AMENDMENT)
ACT - 2019, Odisha Chit Funds Rules, 2008 . However, the company does not
indulge in money circulating business as restricted by the Reserving Bank of
India.
3. To advance or lend money with security whether movable, immovable or
personal and upon such terms as may be deemed expedient, as per the
provisions of THE CHIT FUNDS ACT - 1982, THE CHIT FUNDS (AMENDMENT)
ACT
- 2019, Odisha Chit Funds Rules, 2008 .
4. To offer, start, conduct and close the chit funds in digital mode - by using
technology from competent technology partners, to provide reliable and
quality services to the subscribers.
5. To adopt and promote technology usage in conventional chit fund
management to make the whole process more transparent, professional
and responsible.
6. To make most of the chit related information available to the subscribers at
their convenience rather than depending on the foreman all the time. This
empowers the subscribers with right information at all times without any
manual dependency.
7. To partner with competent service providers to support our operations for
various internal and customer engaging departments including but not
limited to Customer Service - Voice & Digital, Digital Marketing, Sales and
Support.
8. To partner with reputed payment providers / banks to offer convenience,
save time and also encourage towards digital /cashless transactions.
9. To partner with recovery agencies when needed, to smoothen the
recovery process from defaulting members and thereby protect
other subscriber investments and move towards a fair market.
10.To be able to record all the collections, payments & settlements, penalties on
late payments, bookkeeping of the chit, minutes of auction in digital mode to
reduce manual errors and ease of access for internal use, subscriber and
regulatory needs wherever applicable.
 JBR Chit funds Pvt Ltd is a registered Chit Funds started its operation in 2020 and is managed by a Board of
Directors .It has been the game changers of chit fund market in India by replacing traditional methods
with digital practices. We at JBR believe in high quality and customer service.JBR Chit funds has a reputation for timely
disbursement of funds and excellent customer service which differentiates it from other companies.We value your feedback, whether
positive or constructive and we are continuously working to improve your experience.

Our values help to build a culture of fairness in all our dealings with customers and the wider community. We
aim to live by these values in everything we do, ensuring that we give you the best experience we possibly can.
We grow because you grow. We:

 Are passionate about success

 Act with integrity and respect
 Strive to deliver quality and excellence
 Value people as individuals

BG eChits is the first registered digital chit fund company in India. We have been the game changers of
chit fund market in India by replacing traditional practices with digital practices. Every transaction is
digitized and is online. We leveraged on miracles to Technology to enable trust and transparency in chit
funds.

https://www.ibgechits.com/