Haryana  ·  Chit Fund Regulations

Chit Fund Regulations Haryana — State Guide 2026

Haryana regulates chit funds under the central Chit Funds Act, 1982 with the Economic and Statistical Adviser (ESA) designated as the Registrar of Chit Funds — an administrative arrangement that places chit fund oversight under Haryana’s statistical and economic governance machinery. Over 300 registered operators serve the state’s growing chit fund market.

Registered operators
300+
Governing Act
Chit Funds Act, 1982
Registrar
ESA, Haryana
Central Act

chit.fund is an information portal only — we do not accept deposits or operate chit funds. Always verify an operator’s registration with the Registrar of Chit Funds (Economic and Statistical Adviser), Haryana before joining any scheme.

Quick reference facts

ParameterDetails
Governing ActChit Funds Act, 1982 (Central Act 40 of 1982)
State RulesHaryana Chit Funds Rules, 2018
Regulatory AuthorityRegistrar of Chit Funds, Haryana
Registrar DesignationEconomic and Statistical Adviser (ESA), Haryana
Official Portalesaharyana.gov.in
Registered Operators300+ (as of 2025)
Local Name for ChitChit Fund
Maximum Chit Duration5 years (extendable to 10 years)
Foreman CommissionMaximum 7% of chit amount (post-2019)
Maximum Auction Discount30% of chit amount
Prior Sanction RequiredYes — from Registrar of Chit Funds before commencing any scheme

Chit Fund Regulations Haryana — Governing Legislation

1. Chit Funds Act, 1982 (Central — primary legislation)

Haryana operates chit funds under the central Chit Funds Act, 1982 as the primary legislation. The Act was enacted by Parliament to provide a uniform regulatory framework across India, replacing the patchwork of state-level laws that existed before 1982.

  • Mandatory registration of all chit schemes with the Registrar of Chit Funds (ESA) before commencement
  • Security deposit equal to chit amount maintained with a nationalised bank in the Registrar’s name
  • Mandatory auction process for every instalment; maximum discount 30% of chit amount
  • Two subscribers must attend every draw — in person or via video conferencing (post-2019)

2. Haryana Chit Funds Rules, 2018

Haryana has notified the Haryana Chit Funds Rules, 2018 under the Chit Funds Act, 1982 (alongside the Chit Funds Amendment Bill, 2018), governing registration procedures, security requirements, prescribed forms, and conduct requirements for chit businesses in Haryana.

  • Prior sanction application form (CF-1) and supporting document requirements prescribed under Haryana Rules
  • Model By-Laws template for chit fund companies available on the ESA Haryana portal
  • Security deposit and surety requirements as prescribed for Haryana jurisdiction
  • Registration fee payment (“Receipt head for payment of chit fund fee”) specified in the Rules
  • The ESA Haryana portal (esaharyana.gov.in) publishes the Act, Rules, and registration checklist

3. Chit Funds (Amendment) Act, 2019

Key 2019 changes applicable in Haryana: Foreman commission raised 5% → 7% · Video conferencing permitted for draw attendance · Foreman’s right of lien introduced · Enhanced chit amount limits for individuals and companies

4. ESA Haryana — The Registrar’s Office

The Government of Haryana designated the Economic and Statistical Adviser (ESA) as the Registrar of Chit Funds under a formal notification published on esaharyana.gov.in. The ESA’s office handles both its core statistical work and the chit fund registration function. At the district level, Deputy Registrars of Chit Funds are appointed across Haryana districts — their addresses are listed on the ESA Haryana portal. This arrangement differs from states like Delhi (dedicated department) or Tamil Nadu (dedicated Registrar of Chits), but the regulatory obligations under the Chit Funds Act, 1982 are identical.

Who regulates chit funds in Haryana?

Registrar of Chit Funds, Haryana (Economic and Statistical Adviser)

The Registrar of Chit Funds, Haryana — formally the Economic and Statistical Adviser (ESA) — is the primary authority for chit fund regulation in the state. The designation was made by a formal government notification, a copy of which is published on esaharyana.gov.in.

The Registrar’s functions include: granting or rejecting prior sanction, issuing Certificates of Registration and Commencement, conducting inspections, supervising that auctions follow prescribed rules, approving subscriber withdrawals, and taking action on defaulting operators.

Official resources available on esaharyana.gov.in:

  • Text of the Chit Funds Act, 1982 and Haryana Chit Funds Rules, 2018
  • Notification appointing the ESA as Registrar of Chit Funds
  • Contact information for the ESA office

Consumer protection

How to verify a chit fund operator in Haryana

  1. 1

    Certificate of Registration. Every registered chit fund company in Haryana must hold and display a Certificate of Registration issued by the Registrar of Chit Funds (ESA). Ask to see this certificate and note the registration number.

  2. 2

    Certificate of Commencement. A separate Certificate of Commencement is required for each individual scheme. This confirms the operator has deposited the required security with the Registrar specifically for that scheme.

  3. 3

    Direct verification with the Registrar. Contact the ESA (Registrar of Chit Funds), Haryana to verify a registration number. The official website esaharyana.gov.in has contact details for the ESA office.

  4. 4

    Formal Chit Agreement. You must receive and sign a formal Chit Agreement before joining any scheme — specifying chit value, duration, number of members, auction rules, foreman commission rate, and dispute resolution process.

  5. 5

    Security deposit verification. Ask the operator which nationalised bank holds the security deposit for your specific scheme, and in whose name it is held. A legitimate operator should be able to provide this information.

Red flags in Haryana: No Certificate of Registration from ESA Haryana · Refuses to show a written Chit Agreement · Guaranteed returns without an auction process · No mention of the Chit Funds Act, 1982 · No formal receipt for monthly contributions.

For operators

How to register a chit fund company in Haryana

  1. 1
    Company incorporation
    Incorporate under the Companies Act, 2013 via the MCA SPICe+ portal. Company name must include “Chit”, “Chitty”, “Kuri”, “Fraternity Fund”, or “RSCI” as required under the Chit Funds Act, 1982. Registered office must be in Haryana.
  2. 2
    Document preparation
    Prepare mandatory documents for submission to the Registrar of Chit Funds (ESA), Haryana.
    Required documents:
    • MOA and AOA aligned with Chit Funds Act, 1982
    • Registered Bye-Laws in duplicate, signed by foreman and attested by two witnesses
    • Net-worth certificate from a Chartered Accountant for all Directors
    • Balance sheets (last 3 years if existing company)
    • ID and address proof of foreman and directors
    • Registered office proof (Haryana address)
  3. 3
    Prior sanction (Section 4)
    Submit prior sanction application to the Registrar of Chit Funds (ESA), Haryana. This is mandatory before any chit scheme can be advertised, commenced, or subscribed.
  4. 4
    Security deposit
    Deposit an amount equal to the chit amount in a nationalised bank in the name of the Registrar (ESA). Maintained continuously for the scheme’s duration.
  5. 5
    Inspection
    The Registrar may inspect the proposed registered office to verify adequacy of space, record-keeping arrangements, and compliance readiness.
  6. 6
    Certificate of Registration
    Once approved, the Certificate of Registration is issued by the Registrar (ESA). This is conclusive evidence that Bye-Laws are duly registered.
  7. 7
    Certificate of Commencement
    A separate Certificate of Commencement is required for each individual scheme before it can begin operations. Typical processing: 30–90 days from complete submission.

For operators

Key compliance obligations

ObligationRequirement
Security MaintenanceContinuous — equal to chit amount in nationalised bank in Registrar’s name
Minutes Book MaintenanceSigned at every draw; non-compliance attracts penalties
Annual Returns FilingAnnual — fines for non-compliance
Subscriber Withdrawal ApprovalPrior approval from Registrar (ESA) required per prescribed form
Audit of AccountsAnnual — regulatory action for non-compliance
Registration RenewalAs specified — business must cease if not renewed
Notification of ChangesImmediate notification to Registrar for scheme or company changes

For subscribers

Your rights as a subscriber in Haryana

  • Registered Bye-Laws / Chit Agreement copy before joining any scheme
  • Participate in auction — right to bid or receive prize money at every instalment
  • Prize money minus auctioned discount disbursed within prescribed timeline
  • Dividend — share of auction discount from the winning bid if you are non-prized
  • Withdrawal with prior approval from Registrar (ESA) on qualifying grounds
  • Registrar arbitration — complaint and arbitration rights for foreman defaults
  • Security protection — Registrar can liquidate security deposit to compensate subscribers on default

Frequently asked questions

Chit fund regulations in Haryana — FAQs

Find verified operators in Haryana Calculate chit returns All states guide

Last updated: June 2026. This content is for educational and informational purposes only. Regulations are subject to change. chit.fund is not a legal advisory firm. For specific legal or compliance advice, consult a practising Advocate familiar with Haryana chit fund law and the Chit Funds Act, 1982. chit.fund is an information portal — we do not operate, manage, or accept deposits for any chit fund.

🌐 Official Sources — Haryana Chit Fund Regulation

Monitored weekly by chit.fund for regulatory updates.

Scroll to Top