Terms & Conditions

Effective Date: July 7, 2025

1. Subscriber Details

The agreement will detail the names and addresses of all subscribers, the number of tickets each subscriber holds, and the total number of installments.

2. Bank Where Chit Money May Be Deposited

Funds will be deposited in any bank approved under the Chit Funds Act, 1982 including:

3. Bidding Process

Minimum bid: 5%, Maximum bid: 30%–40% (subject to chit group rules). Auctions will be conducted as per schedule.

4. Prize Distribution

Winners are selected via auction or draw. Prize amount disbursed promptly upon verification.

5. Foreman's Role

The foreman will collect installments, conduct auctions, and disburse prizes in a timely and transparent manner.

6. Security

Winning subscribers must provide acceptable security before receiving prize money.

7. Agreement Termination

Subscribers may exit by following due process. Refunds may be issued after deductions.

8. Governing Law

This agreement is governed by the Chit Funds Act, 1982 and other applicable Indian laws.

9. Commencement of Chit

The chit commences on a specified date, post Registrar's approval.

10. Limitation of Liability

The company is not liable for delays or disruptions due to natural disasters or legal restrictions.

11. Modifications

We may modify these terms with prior notice to subscribers.

12. Subscriber Obligations

Timely payments are mandatory. Defaults may result in penalties or termination.