Chit Funds Act
(Chapter 39, Section 61)
Chit Funds (Payment to Successful
Subscriber) Regulations
Rg 4
G.N. No. S 76/1972

(25th March 1992)
[10th March 1972]
1.  These Regulations may be cited as the Chit Funds (Payment to Successful Subscriber) Regulations.
2.  In these Regulations, “successful subscriber” means a subscriber who has been declared the purchaser of a chit fund amount and who has furnished at least two guarantors acceptable to the chit fund company.
Chit fund amount to be paid within 7 days
3.  A successful subscriber shall be entitled to receive the chit fund amount within 7 days from the date of being declared the purchaser of the chit fund amount.