Open-Auction Chit Fund Software
Genericchit Open-Auction model is conducted the auction in every month in company, chit Subscriber asking the higher bid amount.
Each and Every month Foreman conducting the auction, All the eligible chit subscribers can participate the open-auction meeting in chit company.
Here chit subscriber who is asking higher bid amount, that Subscriber is Successful bitter of that month in chit group.
Token System is another model of open system, if more than one customer is asking highest bid amount in same month. so Foreman can conduct a token system method. Only one ticket can choose from the all Ticket.
Foreman can choose one prized ticket from Lucky draw Concept. who is winner ticket of lucky draw method that chit subscriber can get the prized amount of month.