Welcome to SUVARNADEEPA CHIT FUNDS
Karnataka’s No. 1 Government-Approved Chit Fund Company
Our Chit Plans
5 Lakh CHIT
25,000 / Month
Duration : 20 Months
5 Lakh CHIT
20,000 / Month
Duration : 25 Months
5 Lakh CHIT
12,500 / Month
Duration : 40 Months
8 Lakh CHIT
26,667 / Month
Duration : 30 Months
10 Lakh CHIT
33,333 / Month
Duration : 30 Months
12.5 Lakh CHIT
50,000 / Month
Duration : 25 Months
15 Lakh CHIT
37,500 / Month
Duration : 40 Months
25 Lakh CHIT
1,00,000 / Month
Duration : 25 Months
25 Lakh CHIT
62,500 / Month
Duration : 40 Months
30 Lakh CHIT
1,00,000 / Month
Duration : 30 Months
50 Lakh CHIT
1,25,000 / Month
Duration : 40 Months
1 Crore CHIT
2,50,000 / Month
Duration : 40 Months
About us
We Help Our Clients To Achieve Their Desire Goals
SUVARNADEEPA CHIT FUNDS PRIVATE LIMITED is a government-approved chit fund company that has been in the industry for over 5 long years. Karnataka’s No. 1 chit fund company, SUVARNADEEPA is a flagship company of SUVARNADEEPA Chits of Companies established in 2023 in Karnataka. The company operates throughout Karnataka with its Corporate Office in Karnataka.
The Services That We Provide
Customer App
Each subscriber will be provided with an app and unique login credentials. This app will serve as a centralized platform containing comprehensive information about their transactions, auction schedules, payment records, chit details, and much more.
Doorstep Collection
Customers no longer need to visit our branches to make payments. Our collection agents will conveniently come to your doorstep to collect them.
Digitalize receipt
After the bill payment, customers will be provided with a digital receipt for their records.
NACH Collection
To provide our customers with a hassle-free experience, we have implemented NACH Collections (ECS). This system automatically debits the subscription amount from their bank account on the scheduled payment date. This payment method is mandatory for premium subscribers.
UPI Collection
An additional payment option is UPI Collection. Subscribers opting for this method will receive a payment link, enabling them to easily complete their transactions using UPI apps such as PhonePe, Google Pay, BHIM, and others.
Payment Gateway in customer app
We've integrated the payment options directly into our customer app, enabling customers to make payments conveniently within the company app itself.
Auction via video conference
Customers will be provided with a Zoom app link to participate in auctions. By logging in via Zoom, they can actively engage in the bidding process, where the highest bidder will attain the prized subscriber status.
E-Passbook
The customer app includes an E-passbook feature that provides a comprehensive record of all their transactions.
Instant Message
The company will send messages to the customer for every transaction, including bid rates and auction dates.
FAQ
How It Works
What is a Chit ?
It represents a legally binding AGREEMENT between the foreman, acting as the Promoter, and the participants who voluntarily enroll. This system functions as a FINANCIAL MECHANISM, where a group of subscribers regularly contribute a predetermined amount each month for a SPECIFIED DURATION. Each month, the accumulated funds are made available to the subscribers through AUCTIONS, during which participants place BIDS for the highest DISCOUNT. The individual with the winning bid receives the PRIZE AMOUNT, subject to appropriate security measures. A Prized subscriber is also obligated to continue paying their subscriptions until the chit’s conclusion. The portion of the discount, minus the foreman’s commission, is then distributed among the subscribers as DIVIDENDS.
What is a Chit Group?
A Chit group is a term used to describe a predefined group of members who collectively agree to contribute a predetermined amount of money over a specified period. For instance, a Chit group could consist of 50 members, spanning 50 months, with each member contributing Rs. 500 per month. It’s essential to note that in a Chit group, the number of members and the duration of the contribution period are always equal.
Who is a Foreman?
Under the provisions of the Act, an individual responsible for overseeing the operations of the chit is defined as a “Chit Group Supervisor.” This term encompasses any person who plays a role in managing the chit, including individuals like branch managers who are carrying out their designated responsibilities within the chit framework.
Is the agreement between the subscribers and the foreman considered valid indefinitely?
No. It remains in force exclusively for the duration of a CHIT GROUP and until all the financial obligations between subscribers and the foreman are completely settled and paid in full
Ready to Start Saving the Smart Way?
Join Karnataka’s No. 1 Government-Approved Chit Fund Today!