How investing in Chit fund helps you?

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  • Chit Funds have the advantage both for serving a need and as an investment. Money can be readily drawn in an emergency or could be continued as an investment.
  • Interest rate is determined by the subscribers themselves, based on mutual decisions and varies from auction to auction.
  • The money that you borrow is against your own future contributions.
  • The amount is given on personal sureties too; unlike in banks and other financial institutions which demand a tangible security.
  • Chit funds can be relied upon to satisfy personal needs. Unlike other financial institutions, you can draw upon your chit fund for any purpose – marriages, religious functions, medical expenses, children’s education, etc.
  • Cost of intermediation is the lowest.
  • Chit fund is a saving cum borrowing instrument, which is unique when compared to other financial systems.