About Us

KDC Chits operates on the principle of a chit fund, where a group of individuals pool a fixed sum of money at regular intervals. Members can bid for the pool amount through periodic auctions, which are held based on set rules like the highest discount bid or the lowest unique bid. Winners of these auctions receive the disbursed amount, and the process continues until each participant has received their share. This system provides a structured yet flexible way to save and access funds.

Joining KDC Chits offers numerous advantages. It provides a structured platform for collective saving and investing, helping individuals reach their financial goals. Members can receive lump sum amounts at predetermined intervals, ideal for funding education, business, or asset acquisition. Moreover, being part of KDC Chits allows individuals to benefit from the pooled resources and expertise of the community, creating enhanced financial opportunities and a stronger support network for personal and business growth.

The contribution amounts for KDC Chits’ schemes are flexible, designed to accommodate the diverse financial capacities of our members. The minimum contribution ensures accessibility, while the maximum contribution is determined by the total pool size and regulatory guidelines. We offer various chit-fund options, each with its own contribution range. Our team is ready to provide you with detailed information on the specific contribution requirements for each scheme to ensure it aligns with your financial goals.

The winners of KDC Chits auctions are selected based on predefined criteria. This may involve choosing the highest discount bid, where the member accepting the lowest payout is declared the winner, or selecting the lowest unique bid, where the member with the most distinct bid amount wins. Detailed information about the specific criteria for each auction will be communicated clearly to all participants in advance, ensuring transparency throughout the process.

KDC Chits charges nominal fees for participation, covering administrative, documentation, and operational expenses related to managing the chit funds. These fees may include registration charges, monthly service fees, and auction costs. Detailed fee structures will be communicated before joining, ensuring members have a clear understanding of all costs associated with participating in our chits. At KDC Chits, we prioritize transparency in our fee framework, enabling our members to make informed decisions and actively participate in our chits with confidence.