How Our Chit Fund
Process Works.
Understand the simple step-by-step process of joining a chit group, making monthly contributions, participating in auctions, and receiving funds.
Choose a Chit Plan
Select a chit plan based on the chit value, monthly contribution, and duration that suits your financial need.
Submit Enquiry
Share your name, mobile number, location, and interested chit amount. Our team will contact you and explain the details.
Complete Registration
Submit required documents, member details, nominee details, and other information as per company policy.
Join a Chit Group
Once approved, you will be added to a chit group with fixed chit value, duration, members, and monthly contribution.
Pay Monthly Contribution
Every month, pay your contribution before the due date and collect/download your receipt.
Participate in Auction / Draw
Eligible members participate in the monthly chit process. The selected/winning member receives the prize amount as per the rules.
Complete Documentation
If you are selected for payout, required security, guarantor, bank, and agreement documents may be collected before payment.
Continue Monthly Payments
Even after receiving the prize amount, the member continues monthly contributions until the chit group is completed.
If a chit group has a value of ₹1,00,000 with 20 members, each member contributes monthly as per the plan. Every month, one eligible member receives the prize amount based on the chit process. The cycle continues until all members complete the group.
Note: This is only an example. Actual plan details may vary based on specific parameters.Our team can explain available chit plans and help you choose a plan based on your monthly budget and financial goal.