FAQ

We operate by forming groups where members contribute a fixed amount regularly. Each month, one member, determined by auction or draw, receives the total pooled amount minus a small company fee.

You can join by registering with us and selecting the chit group that suits your needs. Please contact our office or register through our website.

Any Indian resident, aged 18 years and above, with a valid identity and address proof, can join our chit groups.

The chit is awarded through an auction or a lucky draw system. In the auction, the member who bids the highest discount wins, while in the draw system, it’s selected randomly.

The subscription amount varies depending on the group you join. We offer chit funds with different monthly contributions to suit varying financial needs.

The duration is typically equal to the number of members in the chit group. For example, if there are 20 members, the chit will run for 20 months.

If you miss a payment, penalties may apply, and you may be temporarily barred from participating in the auction. Persistent defaults could result in disqualification from the group.

Yes, members can bid for the chit as many times as they wish, provided they haven’t already won the chit.

Yes, but there may be certain conditions and penalties depending on the stage of the chit fund. Contact us for further information.

Our chit funds provide easy access to credit and a disciplined saving option. They also allow flexibility, as members can bid for the chit as per their financial needs.

Once you win the bid or draw, the amount will be credited to your bank account after verification of your documents and dues.

Yes, a small percentage of the total chit value is deducted as the company’s commission or foreman fee, which is mentioned upfront in the agreement.

You can reach our customer support via phone, email, or by visiting our office. Contact details are available on our website.