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KDC Chits

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About Us

About us

Welcome To KDC Chits

With over a decade of tradition, the KDC Group has grown from a small community organization to serving the general public. Starting as a local chits group, KDC gradually expanded its business based on the people’s trust. Recognized for offering the best chits in Kerala, KDC ensures transparency and reliability. In 2020-2021, as per the Chits Fund Act of 1982, KDC became a registered chit fund company authorized by the Kerala Government. With 74 batches and 4,320 satisfied subscribers, KDC is now an ISO (SC 9001:2015) certified company. Besides its Onden Road and Bank Road branches, KDC aims to expand its business to new locations such as Cochin and Chennai. Additionally, KDC provides custom assistance in obtaining loans through its financial wing, DSA, by streamlining the documentation process with banks, making it easier than traditional methods. KDC Chits Fund continues to be a trusted financial partner.

chits
Purpose of Chit Funds"

Mission

We strive to make financial empowerment accessible, inclusive, and transformative, enabling individuals to realize their dreams and aspirations.

Vision

We envision a society where every individual has the opportunity to achieve financial freedom and build a strong foundation for a prosperous future.

Values

We are committed to making a positive difference in society. We actively engage in corporate social responsibility initiatives supporting sustainable development.

Certification

Picture of incorporation certificate of kdc chits
Registration certificate picture of kdc chits
chit funds

FAQ

Frequently asked general questions

How do KDC Chits work?

KDC Chits operates on the principle of a chit fund, a popular financial practice in Kerala, 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, making KDC Chits a trusted name for chits in Kerala.

Here is a beginners guide on how exactly chits work.

Is KDC Chits a registered and regulated chit fund company?

Yes, KDC Chits is a registered and regulated chit fund company, fully complying with all legal and regulatory requirements. We implement industry-standard practices to ensure the safety and security of our members' investments. By adhering to government guidelines and maintaining transparency, we offer a trusted platform for members to participate in our secure and well-structured chit fund services.

What are the benefits of joining KDC Chits?

Joining KDC Chits offers numerous advantages. Recognized for providing the best chits in Kerala, KDC Chits offers 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, with our online auction facility, members can conveniently participate in the bidding process, ensuring flexibility and transparency. Being part of KDC Chits also 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.

 

What is the minimum and maximum contribution amount?

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.

How are the auction winners determined?

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. Additionally, we offer online chits in Kerala, providing participants with the convenience of bidding through our online auction facility from anywhere. Detailed information about the specific criteria for each auction will be communicated clearly to all participants in advance, ensuring transparency throughout the process.

What fees or charges are associated with participating in KDC Chits?

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.

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Why choose us

What Makes Us Better Your Trusted Partners

Trusted Expertise

Our team has a deep understanding of the industry and the nuances of chit funds.

Transparent Operations

We believe in fostering open and honest communication with our members.

Personalized Guidance

We are here to support you every step of the way.

Trusted Expertise

Our team has a deep understanding of the industry and the nuances of chit funds.

Transparent Operations

We believe in fostering open and honest communication with our members.

Personalized Guidance

We are here to support you every step of the way.

Secure and Regulated

your investments are safeguarded and held in a secure manner.

Flexibility and Convenience

We offer flexible chit fund schemes that cater to a range of contribution amounts.

Commitment to Customer

We believe in building strong, long-lasting relationships with our members.

Flexibility and Convenience

We offer flexible chit fund schemes that cater to a range of contribution amounts.

Secure and Regulated

Your investments are safeguarded and held in a secure manner.

Commitment to Customer

We believe in building strong, long-lasting relationships with our members.

Our Team

Team That Always has our back

At KDC Chits, our success is driven by our exceptional team of professionals who are passionate about empowering individuals and businesses on their financial journeys. We have assembled a dynamic group of individuals who bring diverse expertise, unwavering dedication, and a shared commitment to excellence.

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