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<a href="http://www.accessmylibrary.com/article-1G1-100116348/needs-bank-longer-you.html" title="Facts and information about WHO NEEDS A BANK?-`LONGER YOU WAIT, HIGHER THE RETURNS' (if the subscriber waits for a longer period to draw the chit amount, the return will be higher).">WHO NEEDS A BANK?-`LONGER YOU WAIT, HIGHER THE RETURNS' (if the subscriber waits for a longer period to draw the chit amount, the return will be higher).</a>
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WHO NEEDS A BANK?-`LONGER YOU WAIT, HIGHER THE RETURNS' (if the subscriber waits for a longer period to draw the chit amount, the return will be higher).
(From India Business Insight)
Initially the subscriber to a chit fund will be an investor and subsequently becomes a borrower depending on his needs. Hence, if the subscriber waits for a longer period to draw the chit amount, the discount will be low and the return will be higher to the extent of 10-16 …
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