How Chit Fund Works?
A simple guide to understanding the chit fund process
1. Register
Choose one of our chit fund plans and register. Submit the required documents.
2. Group Formation
A group is formed and all members start paying monthly installments.
3. Bid & Win
In monthly auctions, members can bid. The lowest bidder receives the chit amount.
4. Receive Amount
The winner receives the full amount. Other members continue paying monthly installments.
Frequently Asked Questions
What is a chit fund?
A chit fund is a savings and loan scheme where a group of members pay monthly amounts and one person receives the amount.
When can I receive the amount?
You can bid in monthly auctions or receive the amount in the last month.
Is it safe?
Yes, we operate with full transparency following RBI guidelines.