How are KSFE Pravasi chits different from other savings schemes?






KSFE, Government of Kerala verified
Answered on December 30,2020

Pravasi Chits are run by Kerala State Financial Enterprises, established by the Government of Kerala. Unlike the other chit funds, Pravasi chits have the guarantee and security of KSFE. Insurance coverage for the chit subscribers also makes Pravasi chits more attractive. The Subscribers can also deposit the Prize money in an optional Pension scheme, in collaboration with LIC. Moreover, the chit subscribers have a unique opportunity to be partners in the development of the state by joining KSFE Pravasi Chits.

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