How It Works | Nachiyar Chit Fund

Step by step

The complete chit journey

1

Pick a plan with an instalment and duration you can pay comfortably. Call us if you need help choosing.

2

Give your Aadhaar, PAN, photo and address proof to join a group. Everyone in a group pays the same amount for the same period.

3

Pay every month (every week in Honey Weekly, every day in Super Jet). You get a receipt for every payment.

4

Each period has one auction. Members who need money call out the discount they will give. The highest discount wins the chit.

5

The winner receives the chit amount minus the discount, released quickly after surety documents are checked.

6

After the 5% commission, the rest of the discount is shared equally by all members. Your next instalment is lower by that amount.

7

By the last instalment, every member has received the chit once. Those who wait longer gain the most.

Auction rules

Open bidding in front of all members.

No one is given the chit in advance.

Only a fixed, declared commission.

In Honey Weekly and Super Jet schemes.

Worked example

10 members, full instalment ₹2,500. See how the dividend lowers each month's payment.

Month	You pay (₹)	Dividend (₹)	Amount received (₹)
1	2,500	0	0
2	2,000	500	18,250
3	2,050	450	18,750
4	2,100	400	19,250
5	2,150	350	19,750
6	2,175	325	20,250
7	2,250	250	21,000
8	2,375	125	22,250
9	2,400	100	22,500
10	2,500	0	23,750
Total	22,500	2,500	23,750

A member who waits till the last month pays ₹22,500 and receives ₹23,750, an extra ₹1,250. Amounts depend on each auction.

Special scheme timings

Thursday: live oral auction. Saturday morning: weekly payment. ₹25,000 / ₹50,000 / ₹1,00,000.

Every evening: auction. Next morning: payment. 100 days, 100 members, ₹1,00,000.

Not sure which chit suits you? Call or WhatsApp us and we will explain everything in simple words.