New Zealand's #1
Digital Chit Funds App

Safety of one’s money in the hands of another person depends on the honesty and integrity of the person managing your funds. Nidhi Chit Bonds working history of over 10 years reveals that they have not defaulted in repayment of any person’s money. In stray cases of delayed payments, interest for delay has been paid in all cases.

Nidhi Chit Bonds is a professionally managed company in the service of its subscribers for over a decade. It has been in this business since 2014. By choosing us, you're not just selecting a service – you're partnering with a company that's as Kiwi as you are. Experience the difference with Nidhi Chit Bonds, your local financial ally.

Company name:
Mann NZ 2019 LTD

Trading Name: Nidhi Chit Bonds
NZBN: 9429047651418

By joining a chit fund, a person is forced to save a small part of his income, to meet his planned/unplanned investments or expenditure. In case of contingency, borrowing from the chit fund is much easier, simpler, faster and cheaper. In case a person wants to save till the last, the return a subscriber gets by way of chit dividends is much higher.

• Persons who want to save money and receive the prized/bid amount in the second half of the chit period can do so through this scheme
• Those in need of money are able to raise money by receiving the prized/bid amount when they are in need of money. The interest or chit loss in such cases is very much less than the market rates.
• All persons joining a chit group are bound to save a small amount of their income to finance their dream projects such as – buying a plot or building a house or meeting holiday trip expenses or buying domestic articles, or discharging an existing liability etc.
• Each person who pays his/her periodic installments up to date is entitled to receive the prized amount at a period of his choice, after participating in a lottery/auction.

When a subscriber withdraws, the foreman has to find an alternate subscriber in his place. Until then the chit fund company has to arrange funds on behalf of such a defaulting subscriber, for payment to a prized subscriber each month. Hence withdrawal is permitted, but the actual amount paid by the subscriber in the chit minus company commission will be repaid to such a defaulting subscriber at the end of the chit period.

Payment can be expected after completion of documentation.

Online bank transfers is an accepted mode of payment.

A subscriber can participate in not more than three chits in the same chit group.

The duration of chits are normally 14 months