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What about March/April month chitty auctions at KSFE during COVID-19?

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Raju Raju
Answered on April 16,2020

KSFE has postponed all their chitty auctions due from 21st March 2020 to 20th April 2020 in all the branches.(In the case branches in Pathanamthitta region it is from 13th March onwards) You can remit your installments without losing dividends and without penal interest till June 2020. But if you want to participate in the auction (once Chitty auction resumes), chitty should be uptodate.

It is possible to remit the installment amount online. Kindly contact your KSFE branch and convey your intention to remit installments online. They will allot you a unique number for your chitty and explain the details to you.

For contact details of branches visit KSFE Website. Login in to your bank account. Then please add the given unique id number(as such) as your beneficiary account and in the place of IFSC please add the IFSC code given from the KSFE branch. After successfully adding these details, try transferring a small amount first, as a test . Contact your branch and check whether the amount is credited to your chitty account the next day. After that, you can start transferring regularly. (Kindly try doing the above after one week of allotting unique id from KSFE because activation of unique id can be done only after one week of allotting the same.) For further assistance, you can contact 9446006217

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