How it works
How chit funds work
A chit is a savings-and-credit arrangement. A group of members each pay an agreed installment every period. In each period, one member receives the pooled amount — so every member both saves and, at some point, receives a lump sum.
- 1
Talk to us
Visit a branch or send an enquiry. We explain each scheme and its terms.
- 2
Choose a scheme
Select the chit value and duration that suit you.
- 3
Join and complete formalities
Documents and joining process: To be confirmed.
- 4
Pay installments on time
Each scheme lists the installment due in every period.
- 5
Receive your amount
Each scheme's table lists the amount receivable in each period, as published in the brochure.
Terms explained
- Chit value
- The headline value of the scheme, e.g. ₹1 Lakh.
- Installment
- The amount a member pays in a period (சிட்டு கட்ட வேண்டிய தொகை).
- Amount receivable
- The amount listed as receivable in a given period (கிடைக்கும் தொகை), as published.
- Duration
- The number of periods (days or months) in the scheme.
Figures are reproduced from the company's published scheme brochure (Plan 2025). Terms & conditions apply. Amounts receivable are as published and are subject to the chit agreement and applicable law; they are not a promise of returns. Please confirm current details with your branch before joining.