Dividend Distribution and Payment Terms – MSTAR Chits
At MSTAR Chits, the dividend declared at each auction is equally distributed among all subscribers by deducting it from the subsequent monthly instalment. However, this dividend is calculated after deducting the Foreman’s commission of 5% on the total chit value. Please note that the first two instalments must be paid in full, without any dividend adjustments. From the third instalment onward, eligible dividends will be applied accordingly.
All prized and non-prized subscribers are required to remit their monthly instalments on or before the due date as mentioned in the intimation card. Any delay in payment will result in the forfeiture of the dividend for that month and will also attract penal interest at the applicable rate. Timely payments ensure smooth operations and fair benefit distribution for all members of the chit group.
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