Chit group setup
Create groups of any value and tenure, set commission and build instalment and auction calendars in minutes.
The problem
Auctions and dividends are too error-prone by hand
A chit foreman juggles subscriptions, monthly auctions, dividend distribution, prize payouts and foreman commission — across many groups at once. Done on paper and spreadsheets, one miscalculated dividend or missed filing creates disputes with subscribers and risk under the Chit Funds Act.
Dedicated chit fund software handles the maths and the compliance automatically, so every auction is fair, every rupee is posted to the ledger, and every register is ready for inspection.
What it covers
Everything a chit company needs
Enrollment & KYC
KYC-ready onboarding, per-subscriber ledgers, nominee details and digital chit agreements.
Auctions & bidding
Run monthly auctions, auto-select the winning bid and compute the prize amount and each member's dividend instantly.
Payouts & collections
Instalment schedules, UPI/cash/cheque collection, dividend and prize payouts — all posted to a double-entry ledger.
Chit Act compliance
Statutory registers, form filings, foreman commission tracking and audit-ready reports under the Chit Funds Act.
Subscriber mobile app
Members track instalments, view auction results, get reminders and pay online from their phone.
Two products, one domain
ChitPro for chits, FestChit for festival schemes
ChitPro runs registered chit funds end to end — auctions, dividends, payouts and Chit Act compliance. FestChit runs festival savings and gift-scheme chits that mature into cash, gold or products — ideal for jewellers and retailers running Diwali, Pongal and wedding schemes.
Both are multi-tenant, multi-branch and in active production use, with annual AMC and support included.
FAQ
Chit fund software questions
Does the chit fund software handle auctions automatically?
Yes. ChitPro captures bids, auto-selects the winning (highest-discount) bid and computes the prize amount, foreman commission and each subscriber's dividend, posting it all to the ledger.
Is it compliant with the Chit Funds Act?
Yes. It produces the statutory registers, form filings, foreman commission tracking and audit-ready reports expected under the Chit Funds Act.
Do you also support festival and gift schemes for jewellers?
Yes. FestChit runs festival savings and gift-scheme chits — fixed-amount, gold-rate and product-redemption plans — ideal for jewellers and retailers.
See chit fund software built for your groups
Tell us how your chits or festival schemes run today, and we'll show you ChitPro and FestChit handling auctions, payouts and compliance for you.