What is a chit fund? +
A chit fund is a traditional savings and credit instrument where a group of members contribute a fixed monthly amount. Each month, the pooled amount is given to one member through a bidding or lottery process — making it both a recurring savings plan and a source of interest-free credit.
How much returns can I expect? +
Returns depend on the auction discount passed as dividend. Typically, members earn 10–15% annually — better than traditional FDs — while also having access to emergency credit.
What is the duration of chit funds? +
Our plans range from 25 to 30 months depending on the scheme. Each plan clearly states its duration on the plan details page.
How is Thayar Chit Fund different from traditional chit funds? +
Thayar Chit Fund is 100% digital — from onboarding to auctions and payouts. No paperwork, no physical meetings. Auctions are conducted live via Zoom, and payouts are guaranteed within 24 hours.
Is my money safe with Thayar Chit Fund? +
Yes. We are government-registered and RBI-compliant. All transactions are transparent and digitally tracked. You can view our license and certificates on our website at any time.
Are chit funds a substitute for mutual funds? +
They serve different purposes. Chit funds provide both savings and credit access, while mutual funds are purely investment vehicles. Chit funds are ideal for those who need flexible access to a lump sum while continuing to save.
