Do you participate in private chits organized by Individuals ?Many Individuals who have huge friends and relatives have started and doing private chit fund business through which a lump sum amount is guaranteed for those who need the same in that twelve month period. Many house wives without knowing to their husband, join those chit fund and try to have big amount which is spent for family purpose and festive occasions or even for school and college fees. But such house hold chit funds are not recognized and vulnerable to deceiving tendency. Today only, a women has cheated 60 labors in the name of chit and run away with 2 cr in Hyderabad Cherlapally area. What is your say on this ?