A chit fund is a traditional, disciplined savings-cum-credit scheme where a group of subscribers contribute a fixed amount periodically, and each cycle one member receives the pooled sum through auction or lot. Rupee Neo Chit Funds Pvt Ltd operates these schemes with complete transparency and accountability.
Chit values, duration, commission and terms vary by scheme and are governed by the Chit Funds Act, 1982 and applicable state regulations. Full scheme documents are provided before enrolment.
Rupee Neo Chit Funds Pvt Ltd is committed to operating in full compliance with the Chit Funds Act, 1982, under the oversight of the Registrar of Chits. Registration details and scheme-specific documents are available at our office and will be published here.
Visit our Kannur office to learn about current chit groups and enrolment.