What is a Digital Chit Fund?
A Digital Chit Fund is a modernized version of traditional community savings. Using our platform, you
can participate in monthly auctions, pay installments, and receive dividends entirely through your
smartphone, while staying 100% compliant with the Chit Funds Act, 1982.
Is my investment safe and regulated?
Absolutely. Ashta Siri Chits is a registered entity under the Ministry of Corporate Affairs (CIN:
U64990KA2026PTC214625). Every chit group we start is registered with the Registrar of Chits, and we
maintain the required security deposits with the government.
How does the bidding process work?
Every month, an auction is held via our app. Members who need funds can bid by offering a discount on
the chit value. The person offering the highest discount wins the prize money. The discount
is then distributed equally among all other members as a "dividend."