Frequently Asked Questions
Answers to common questions about our chit schemes and process.
What is a chit fund?
A chit fund is a savings and borrowing mechanism where a group contributes monthly and members get a turn to receive the pooled amount via auction or lot.
How do auctions and prizes work?
Each month, members bid a discount on the prize amount; the lowest net payout is awarded, and the discount is shared as dividend among members.
What documents are required?
Standard KYC documents including ID proof, address proof, and bank details.
Is my money safe?
We follow compliant practices, maintain transparent records, and ensure timely settlements.
AMIRTHAM CHITS