How Chit Funds Work

A chit fund is a traditional financial system combining savings and borrowing. A group of members contribute a fixed amount monthly, and the total collected pool is auctioned among members. The highest bidder (who agrees to take the lowest amount) gets the pool, and the remaining amount is distributed as dividends to all members.

Yes, absolutely. We are a government-registered entity operating under the strict guidelines of the Chit Funds Act, 1982. We maintain 100% transparency, and all member funds are securely managed with mandatory government deposits.

Joining is simple. Fill out the enquiry form on our website or visit our branch. You will need to submit standard KYC documents (Aadhaar, PAN card, address proof, and passport-sized photos) to register for your chosen plan.

Timely payments ensure the smooth functioning of the group. If a payment is delayed, a nominal late fee is charged as per company policy. Continuous defaults may result in removal from the group and settlement as per statutory rules.