Zerodha (Flat Rs 20 Per Trade)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

What are chit funds?

Chit fund is a saving and borrowing tool run by registered chit fund companies under Chit Fund Act 1982. In chit funds, a group of people agree to contribute a specific sum of money for a specific period of time on monthly basis which is then given to one person as loan on lottery or auction basis after deduction of the chit fund commission.

What are chit funds?