15+

A chit fund is a savings scheme where a group of individuals contributes a fixed amount every month. Each month, one member receives the total collected amount through a bid or lottery process. It combines saving and borrowing in one instrument.

Every month, members bid for the chit amount by offering a discount. The member who bids the lowest discount wins and receives the chit amount (total minus discount minus company commission). The discount is distributed among all members as dividend.

Absolutely. Sri Chakra Chit Funds is registered with the Registrar of Chits under the Chit Funds Act, 1982 and operates in full compliance with SEBI regulations. Your investment is legally protected and backed by 15+ years of operational excellence.

You can join by visiting our office in Kumbakonam, calling us at 900000000 or filling the online application form on our website. Our team will guide you through the entire process.

You need: Aadhaar Card, PAN Card, Recent passport photo, Bank Account details (cancelled cheque) and proof of residence. For businesses, GST registration and business proof may be required.

Monthly installments are collected on a fixed date each month via NEFT, UPI, IMPS or cash at our office. We send reminders 3 days before the due date for your convenience.

Yes, businesses can join as legal entities. You’ll need your company registration, GST certificate and authorized signatory documents. Business chit plans are available from ₹2 Lakhs to ₹10 Lakhs+.