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Chit Fund Calculator — Compute Your Returns
Use this free chit fund calculator — enter your chit details and instantly see prize money, how it compares to a Fixed Deposit, and your effective annual return — all without any sign-up. (Results are illustrative; actual outcomes depend on auction bids.)
Chit Fund Calculator
Results update instantly as you type or drag the slider.
Monthly pool paid out to the winner
months in scheme
subscribers in scheme
Max 7% under the Chit Funds (Amendment) Act 2019. Some states may have stricter limits — verify with your operator.
Typical auction reduction — foreman keeps commission, rest returns as monthly dividends to all members
Drag to see returns at different winning months
Prize + Dividends vs RD @7% — Over Time
▬ Prize+Divs — Paid ·· RD @7% | Your win
Comparison uses Recurring Deposit @7% p.a. benchmark · Avg Bid Discount models real auction dividends · Default shows month-1 (best-case) scenario
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How to Use This Calculator
Three inputs. Instant results. No account needed.
Enter your chit details
Enter chit value, duration, members, foreman commission, and the average bid discount — the typical percentage the auction winner gives up (rest returns to all members as dividends).
See instant results
Prize money, total received (prize + dividends), and effective annual return update instantly. Drag the Winning Month slider to see how your scenario changes.
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Understanding Your Results
What each metric means and how to read it correctly.
Prize Money
The lump sum you receive when you win the monthly auction. In an auction-based chit the prize varies by winning month: early winners accept a bigger discount (lower prize) while late winners get near the full chit value. Every subscriber in a registered chit wins exactly once. Dividends from earlier auction rounds partially offset the discount for early winners.
Total Received
The total money you receive from the chit: your prize money plus every dividend paid to you from earlier auction rounds. For a last-month winner with the default 10% bid discount: ₹95K prize + ₹5K dividends = ₹1L total — you get back every rupee you put in. For early winners the prize is lower but you paid far less, so the net gain is still excellent. The chart and break-even badge show how this total compares to an RD @7% for reference.
Effective Return
Annualised return on total instalments paid up to your winning month, including dividends received. Early winners (month 1–5) see spectacular rates because they paid very little yet received a large prize. With default settings (10% bid discount), the last-month winner breaks even (0% net). Set bid discount equal to foreman fee to model a simple fixed-rotation chit. Move the slider to find your number.
Common Chit Fund Scenarios
Typical structures in India. Monthly instalment = Chit Value ÷ Members. Prize shown assumes 5% foreman commission (calculator default; the national cap is 7% under the Chit Funds (Amendment) Act 2019).
Best for: First-time savers, students, young earners starting small.
Best for: Salaried employees, small business owners building a corpus.
Best for: Business owners, HNIs building significant wealth in a disciplined way.
Key Facts About Chit Fund Returns
Timing is everything
Early winners get quick lump-sum access (useful like a low-cost loan). Late winners earn higher returns — similar to a recurring deposit that matures.
Legal commission cap
The Chit Funds (Amendment) Act 2019 raised the foreman’s commission cap to 7% of chit value per instalment. Any commission above 7% is illegal under the central Act — verify the applicable limit under your state’s rules.
Everyone wins exactly once
In a registered chit fund each subscriber is entitled to win the prize exactly once during the tenure — by lot or lowest-bid auction — provided the scheme runs to completion.
Always check registration
Only join chit funds registered with your state Registrar of Chits. Registration is your legal protection if a dispute arises.
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Frequently Asked Questions
Everything you need to know about calculating chit fund returns.