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Smarter Capital.
Stronger Tomorrow.
Elevate your financial strategy with structured contributions and assured financial discipline.
Smarter Capital.
Stronger Tomorrow.
Elevate your financial strategy with structured contributions and assured financial discipline.
Smarter Capital.
Stronger Tomorrow.
Elevate your financial strategy with structured contributions and assured financial discipline.
Smarter Capital.
Stronger Tomorrow.
Elevate your financial strategy with structured contributions and assured financial discipline.
Smarter Capital.
Stronger Tomorrow.
Elevate your financial strategy with structured contributions and assured financial discipline.
Smarter Capital.
Stronger Tomorrow.
Elevate your financial strategy with structured contributions and assured financial discipline.
Smarter Capital.
Stronger Tomorrow.
Elevate your financial strategy with structured contributions and assured financial discipline.
Smarter Capital.
Stronger Tomorrow.
Elevate your financial strategy with structured contributions and assured financial discipline.
Smarter Capital.
Stronger Tomorrow.
Elevate your financial strategy with structured contributions and assured financial discipline.
Happy Customers
Happy Customers
Higher Education
Give your children high-quality education with stress-free funding source.
Build your Dream
Home
Gift your family the reality of owning a dream home.
Fund Your
Retirement
Set aside small monthly savings and ensure a relaxed, golden retirement.
Gift Your Parents Destination Vacation
Proudly give back to those who gave you everything in life.
Fund Children's Wedding
Get your children married without financial pressures.
Launch or Expand Business
Access the capital required to fund your ambitions.
Higher Education
Give your children high-quality education with stress-free funding source.
Build your Dream Home
Gift your family the reality
of owning a dream home.
Fund Your
Retirement
Set aside small monthly savings and ensure a relaxed, golden retirement.
Gift Your Parents Destination Vacation
Proudly give back to those who gave you everything in life.
Fund Children's Wedding
Get your children married without financial pressures.
Launch or Expand Business
Access the capital required to fund your ambitions.
Leveraging our legacy of
trust expertise commitment
MoneyMithra Chits Private Limited, an initiative by the leaders of MoneyMithra Services Private Limited, is a trusted and innovative finance service provider with over 15 years of experience in the financial consulting sector across Karnataka. Leveraging our legacy of trust, expertise, and commitment, we aim to deliver the best chit fund services with cutting-edge technology.
Leveraging our legacy of
trust expertise commitment
MoneyMithra Chits Private Limited, an initiative by the leaders of MoneyMithra Services Private Limited, is a trusted and innovative finance service provider with over 15 years of experience in the financial consulting sector across Karnataka. Leveraging our legacy of trust, expertise, and commitment, we aim to deliver the best chit fund services with cutting-edge technology.
Know more
A Well-organized Savings Method
How Chit Funds Work
Forming a Chit Group
EXAMPLE:
₹ 5,00,000 Chit Group
50 Members for 50 Months
Subscription Amount
₹ 5,00,000/- Divided by 50 Members
₹ 10,000/- Per Month
Auction
Auction will be conducted by foreman (Company Representative) for fixed duration. Who ever bid maximum value on the chit is the.
WINNER
Ex: 'X' (winner) subscriber bid max of ₹ 2,00,000/- in the auction.
Prize Money
EXAMPLE:
₹ 5,00,000/- Chit Value
- ₹ 2,00,000/- Bid Value
₹ 3,00,000/- Winner will get the prize money after deduction of bid amount
Sharing Divident
₹ 2,00,000/- Bid amount
- ₹ 25,000/- Foreman
Commission Ex: 5% on Chit Value
₹ 1,75,000/- per 50 Members
Distributed equally amongst the subscribers in the same chit group i.e, ₹ 3,500/-
A Well-organized Savings Method
How Chit Funds Work
1. Forming a Chit Group
EXAMPLE:
₹ 5,00,000 Chit Group
25 Members for 25 Months
2. Amount
₹5,00,000/- Divided by 25 Members
₹20,000/- Per Month
Auction
Auction will be conducted by foreman (Company Representative) for fixed duration. Whoever bids maximum value wins.
WINNER
Ex: 'X' (winner) subscriber bid max of ₹2,00,000/- in the auction.
3. Prize Money
₹5,00,000/- Chit Value
- ₹2,00,000/- Bid Value (max 30% chit value)
₹3,00,000/- Winner will get the prize money after deduction of bid amount
4. Sharing Dividend
₹2,00,000/- Bid amount
- ₹25,000/- Foreman Commission Ex: 5% on Chit Value
₹7,000/- per Members
Distributed equally amongst subscribers
Build Structured Savings For a Fulfilling Lifee
How Chit Funds Prove Helpful to You
-
Instills a Regular Savings Habit for the Long Term
When you save a fixed amount monthly,you build a disciplined savings approach.
-
Access Funds Quickly Without Collateral & Interest
You can borrow funds seamlessly by bidding in auctions. The funds can be borrowed without collateral and interestand used for working capital needs, big purchases, or emergencies.
-
Reduces Dependence on Formal Credit Channels
Since chit funds are flexible and affordable borrowing channels, you can avoid the cumbersome formal credit systems.
-
Efficient Cash Flow Management
Because chit funds pay you monthly dividends and allow you to access a lump sum prize money
-
Community Support
When you save money in chit funds, you are doing it with a broader community of like-minded people. Because of this community setup, all members trust each other and complement each other's efforts in building financial security.
-
A Reliable Savings Method Since Ages
People have been saving money in chit funds for ages. This makes it a secure and reliable savings instrument for many.
Instills a Regular Savings Habit for the Long Term
When you save a fixed amount monthly,you build a disciplined savings approach.
Access Funds Quickly Without Collateral & Interest
You can borrow funds seamlessly by bidding in auctions. The funds can be borrowed without collateral and interestand used for working capital needs, big purchases, or emergencies.
Reduces Dependence on Formal Credit Channels
Since chit funds are flexible and affordable borrowing channels, you can avoid the cumbersome formal credit systems.
Efficient Cash Flow Management
Because chit funds pay you monthly dividends and allow you to access a lump sum prize money
Community Support
When you save money in chit funds, you are doing it with a broader community of like-minded people. Because of this community setup, all members trust each other and complement each other's efforts in building financial security.
A Reliable Savings Method Since Ages
People have been saving money in chit funds for ages. This makes it a secure and reliable savings instrument for many.
Government-Recognized Chit Fund Company
Our company is a government- registered chit fund company, governed under the Chit Funds Act, 1982. As such, you have no risk of the company or its community members defaulting on any payments.
Credible & Trustworthy
MoneyMithra has vast experience in the chit fund industry & broader financial consulting services. People associate its name with credibility and trustworthiness.
Transparency at Every Step
Our services and chit fund processes (from monthly collections and auctions to dividend payouts and customer grievance redressal mechanisms) are completely transparent, reinforcing our reliability.
Customer First
We practice a customer-first approach. That means we have the utmost friendly customer support team that prioritizes customer happiness and satisfaction.
MoneyMithra Makes Your Investment
Journey a Breeze
Key Features of Our
Chit Fund Services
Doorstep Collections
We offer doorstep collections of monthly chit contributions, making lives of our customers hassle-free.
Services at a Click or Tap
Customers can access our services seamlessly through our website and mobile app.
Speedy Disbursements
Experience efficient disbursements of prize money and dividends, and enjoy complete control over your finances.
MoneyMithra Makes Your Investment
Journey a Breeze
Key Features of Our
Chit Fund Services
Doorstep Collections
We offer doorstep collections of monthly chit contributions, making lives of our customers hassle-free.
Services at a Click or Tap
Customers can access our services seamlessly through our website and mobile app.
Speedy Disbursements
Experience efficient disbursements of prize money and dividends, and enjoy complete control over your finances.
