The Chit Fund Life Cycle - Explainer
Tap each step to understand the flow in simple language.
Members contribute a fixed amount every month.
Members bid discount % to receive the chit early.
Winner gets chit value minus discount; foreman commission applies.
Remaining discount is distributed to all members.
A fixed number of members join a chit. Everyone pays the same monthly installment. The total pooled amount becomes the monthly chit value (pot).
Quick estimate to understand prize amount and dividend sharing.
Fixed monthly installments help build regular saving habits with a clear timeline.
Subscribers can bid and receive funds before maturity based on their need.
Discount after commission is shared among all members as dividend.
Talk to our team and we’ll explain the process clearly.