Chit funds are a time-tested savings and borrowing method that continues to thrive in India, especially in states like Kerala. But one common question people ask is:Are chit funds legal in India?The short and clear answer is yes, when they are properly registered and regulated. 📜 Legal Backing: Chit Funds Act, 1982 Chit funds are […]
Are Chit Funds Legal in India? Here’s What You Need to Know Read More »
Chit funds are a unique financial system that combines savings and borrowing on one platform. They are especially popular in India and have supported both individuals and businesses for generations. But how does chit fund earn money? The answer lies in its structured model, where members contribute monthly, and the fund organizer earns through commissions
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What is the 25-Month Chit Scheme? Chit funds have long served as a practical financial tool for disciplined saving and borrowing. Among the various types of chit schemes available, the 25-month chit plan stands out for its balance of affordability, flexibility, and commitment. At KDC Chits, one of Kerala’s most trusted chit fund companies, we
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