Secure Your Savings. Multiply Your Wealth

A ticket refers to the membership of an individual in a specific chit group. Each ticket is a share in the chit scheme. The foreman, or organizer, usually holds the first ticket and oversees the chit operations.

1. A fixed number of subscribers form a group.
2. Each subscriber contributes a predetermined amount monthly.
3. Every month, a prized subscriber is chosen via auction (or lot, if there are no bids).
4. The highest bidder accepts the lowest chit amount (after discount), and the remaining discount is distributed as dividends among the rest.
5. The company charges a commission (typically 5%) from the total chit value.
6. All subscribers continue paying monthly until the chit ends.

Only non-prized subscribers (members who haven’t yet received the chit amount) with up-to-date payments can participate in the monthly auction. Prized subscribers must still pay their monthly installments until the end of the chit term.

• Disciplined Savings: Helps build a habit of regular saving.
• Access to Capital: Subscribers can receive a large lump sum when they win the bid.
• No or Low Interest: You don’t pay heavy interest like bank loans.
• Returns on Investment: Monthly dividends offer better returns than standard bank savings.
• Flexible Terms: Choose chit value and duration as per your needs.
• Transparent System: Regulated chit funds ensure fair play.
• Social Bonding: Builds community connections among group members.
• Tax-Free Dividends: Monthly dividends are typically not taxable.

• Default Risk: If a subscriber fails to pay installments, it affects the whole group.
• Delayed Payments: If winning subscribers delay or default on repayments.
• Unregulated Operators: Joining unregistered chit funds can lead to fraud or loss.
• Lower Bids: Winning early means accepting a lower amount (due to high discounts).

Choosing a trusted and licensed chit fund company reduces most of these risks.

Subscribers can make payments through:

• Cash
• Cheque (must be cleared before auction date)
• Demand Draft
• Online Payment: Use net banking via the official website.
• ECS Facility: Automatic monthly debit from your bank account.

Note: Third-party cheques are not accepted.

If no subscriber bids during the auction, the chit is allotted via lucky draw (lottery) among all eligible non-prized subscribers.

Yes. The successful bidder (prized subscriber) must provide sureties or collateral to ensure future installment payments are secured.

A dividend is the share of the discount amount (difference between total chit value and the amount taken by the winning bidder), equally distributed among the remaining subscribers. This is a return on the amount they've contributed that month.