Building your financial dreams - one chit fund at a time

It was once famously said that money makes the world go around. And it is the invested money that will help you sleep soundly. The act of saving and investing money is a simple one. But it is this little act, like investing in chit funds, that will determine the quality of life and the lifestyle that you will live in the future. Chit funds are one of the simplest ways to invest your money. Margadarsi is a chit fund company that offers many chit fund schemes that can help you invest and grow your money in a systematic manner.

To increase your fiscal health, it is not enough to earn money; it is equally important to let the money work hard for you, earning you good returns. This is possible only when you follow a sensible investment pattern. While there are many ways to invest money, investing in a chit fund scheme is one of the simplest ways of earning from your money.

What are Chit funds?

The Chit Fund is a simple concept and a popular savings scheme in India. It consists of a group of people who deposit a predetermined amount each month for as many months as members are in the group. Every month, each member will get the chance to bid to receive the amount collected until that month. The lowest bidder at the auction receives the money. This process is repeated every month until all members have received their amount.

Chit fund schemes offered by Chit fund companies like Margadarsi provide people with a means to ensure profitable savings and, at the same time, have quick access to funds during emergencies.

Why invest in Chit funds?

Builds financial discipline: Investing a fixed amount every month helps develop the habit of putting money aside regularly, which helps in building up one’s savings for future use or during contingencies.

Flexibility: Members can decide upon the amount and the duration as per their financial requirements and choose a chit fund scheme accordingly.

Non-taxable dividends: There is no taxation or tax deduction on the dividends earned per month. Any losses, if any, incurred due to the chit fund schemes can be claimed as business losses.

Ready access to funds: Every month, there is an option for the member to receive the entire amount invested through a process of bidding, which can be done online or offline.

No interest: There is no interest charged for any credit taken through chit fund schemes.

Community building: When people get together at chit fund meetings, they interact with each other and build friendships. This helps build a strong sense of community, which further strengthens the chit fund process.

Why Margadarsi Chit Funds?

Margadarsi Chit Funds is the leading chit fund company in India. Margadarsi has had a strong presence in South India for nearly 60 years, and its chit fund managers ensure that the scheme is transparent, ensuring that all members receive their shares fairly and correctly.

The chit fund schemes offered by Margadarsi are opted for by people who wish to save money for important occasions in life like building their dream home, setting up a business of their own, their children’s higher education, etc.

With 113 branches spread all over south India and a huge network of 18000+ agents, Margadarsi Chit Fund provides chit fund schemes with clear and simple processes. Their chit fund managers are more than just a connecting link between the members and the chit fund company. They instruct the members about chit funds, help them choose and enrol in the best scheme for them, and provide regular updates about their chit funds.

Chit fund schemes offered by Margadarsi?

With a minimum duration of 30 months and a maximum duration of 50 months, Margadarsi offers Chit Fund Schemes that start with a contribution amount as low as Rs. 5,000 per month and go up to Rs. 2,00,000 per month. As per the duration of the chit fund scheme, the final amount accumulated will vary.

How do I pay the monthly installments for a chit fund?

Margadarsi offers its members the following options for making monthly instalments towards their chit fund schemes:

• Cash, demand drafts, or checks
• Online payment
• Electronic Clearance Service (ECS)

How do I become a part of a chit fund?

So, if you are looking for an easy and safe way to invest your money, Chit funds are the way to go. Margadarsi, just like its name, is the ultimate guide to showing you the right path to making your savings grow.

You can choose from any of our vast collection of chit fund schemes as per your specific requirements and watch your funds grow.

To choose a scheme, simply select your state and the branch of Margadarsi nearest to you from our drop-down menu and click ‘Submit’. A list of active chit fund schemes in your area will be displayed. If you have any doubts about the enrollment process, you can simply raise a query on the website, and our team will reach out to you in no time.