Answer 6 quick questions about your savings goal, monthly budget, and state — we analyse your profile and recommend the exact chit fund type and verified operators best suited for you.

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Step 3 of 6 — Monthly Budget

How much can you contribute monthly?

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Verified Registered Operator — ₹10K/mo

Registered with State Registrar · Verified listing · Available in your state · Matches your ₹5K–25K budget

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📚 The Basics

What is a Chit Fund India? Your Complete Guide

A chit fund is India's oldest form of collective savings — a group of people contribute a fixed amount monthly into a common pool. Each month, one member wins the pool through an open auction.

The discount the winner accepts (the difference between the full pool and what they take) is divided equally among all members as a dividend — reducing everyone's next contribution.

A member who waits until the end earns a return similar to a recurring deposit. A member who bids early gets a large lump sum at a low effective interest rate.

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How It Works — Step by Step

Group Forms

20 members agree to contribute ₹10,000/month for 20 months. Total pool = ₹2,00,000.

Monthly Auction

Members bid the lowest amount they'll accept from the pool. Lowest bidder wins that month.

Winner bids ₹1,80,000 → ₹20,000 discount shared among 20 = ₹1,000 each

Everyone Benefits

Each member pays net ₹9,000 that month (₹10,000 − ₹1,000 dividend). Winner gets ₹1,80,000.

Cycle Completes

After 20 months every member has won exactly once. Foreman earns up to 7% commission (regulated by law).

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See the Full Cycle in Action

A quick visual walkthrough of how a chit fund works — monthly contributions, the auction, benefits and risks — in under 5 minutes.

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Free Chit Fund Calculator — See Your Returns Instantly

Free chit fund returns calculator based on the Chit Funds Act 1982 formula. Prize money, effective annual return, and FD comparison — live, no sign-up.

✓ Prize money projection ✓ FD vs chit comparison ✓ Effective annual return ✓ Monthly visual chart

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Prize Money Projection

See exactly how much you can win at any point in your chit cycle — calculated from the auction discount model used by registered operators.

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FD vs Chit Comparison

Compare your chit fund return against a 7% Fixed Deposit side by side — instantly see which gives you more for your savings goal.

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Effective Annual Return

Get the true annualised return on your chit contribution so you can make an apples-to-apples comparison with any other investment product.

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Chit Fund Operator Directory

India's free searchable directory of verified, registered chit fund operators. Filter by state, chit size, and language. No sign-up required.

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Browse operators across 9 active states — Tamil Nadu, AP, Kerala, Karnataka, Maharashtra, Telangana, West Bengal, Haryana & Delhi. State-by-state archives with full profiles.

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From ₹1,000/month to ₹5 Crore/month — instantly filter operators that match your exact contribution budget and compare side by side.

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