MSTAR

Discontinuation

Discontinuation

At MStar Chits, the chit scheme operates successfully only when all group members make timely payments. Any discontinuation by a member disrupts the functioning of the group and negatively affects the interests of fellow subscribers. In cases where a member is unable to continue with payments, there are two available options. One such option is Substitution: if the discontinuing subscriber cannot arrange a direct transfer, they may request the company to find a substitute on their behalf.
However, the company does not guarantee a specific time frame for arranging a substitute. If and when a suitable substitute is found, the refundable amount will be paid to the original subscriber after deducting 5% towards the Foreman’s commission. If a substitute cannot be found, the refund will be processed only after the termination of the chit group, again subject to the 5% deduction as Foreman’s commission.

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