Terms & Condition

1. Introduction

Welcome to Dhanalaxmi Gold Chit Funds. These Terms and Conditions govern your participation in our gold chit fund schemes. By participating, you agree to abide by these terms.

2. Eligibility

To be eligible to participate in our gold chit fund, you must be at least 18 years old and legally capable of entering into a contract.

3. Registration and Subscription

Participants must complete the registration process and submit all required documents. A subscription fee must be paid as per the scheme details.

4. Chit Fund Structure

Each chit fund is organized into a series of periods, typically monthly, during which participants contribute a fixed amount. The fund amount is accumulated and distributed as per the terms of the chit fund.

5. Draws and Prizes

Draws are conducted as per the schedule, and winners are selected based on the draw results. The winner receives the prize or gold equivalent as per the chit fund terms.

6. Default and Termination

Failure to make timely contributions will result in penalties or termination of participation. Dhanalaxmi reserves the right to terminate any participant’s involvement due to breach of terms.

7. Refund and Withdrawal

Refunds are provided according to the scheme’s terms and are subject to penalties for early withdrawal. Participants may withdraw from the scheme by providing written notice and fulfilling any outstanding obligations.

8. Responsibilities of Participants

Participants are responsible for ensuring timely contributions and maintaining accurate contact details. Any changes in personal details must be communicated to Dhanalaxmi promptly.

9. Privacy and Data Protection

Personal information collected will be used solely for administering the chit fund and will not be shared with third parties without consent.

10. Dispute Resolution

Any disputes arising out of or related to the chit fund will be resolved through arbitration as per the laws of [India/Tamilnadu].

11. Modifications to Terms

Dhanalaxmi reserves the right to amend these Terms and Conditions at any time. Participants will be notified of any changes.

12. Governing Law

These Terms and Conditions are governed by and construed in accordance with the laws of [India/Tamilnadu].