We Can Help To Grow Your Future
How Chit Works
Chit funds can seem complex at first. Here's a simple, step-by-step look at how your chit plan actually works.
STEP 01
Join
Choose a chit plan that matches your savings goal and monthly budget.
STEP 02
Contribute
Pay your monthly installment on time through any of our digital or office payment options.
STEP 03
Auction
Each month, members who need funds participate in an auction according to the scheme's rules.
STEP 04
Prize Amount
The successful bidder receives the applicable prize amount, subject to scheme terms and required security.
STEP 05
Dividend
Applicable distributable surplus from the auction is credited to non-prized members according to the scheme.
Good to know: Every member contributes the fixed monthly installment for the full tenure. Once a member wins the auction, their future installments are calculated after adjusting for the dividend, and they can no longer participate in future auctions of the same chit — though they must continue paying installments until the chit closes.