About Us
ABOUT CHITS
Chit funds are a novel kind of community-driven savings and borrowing that brings together the best of both worlds. Everyone in the group commits to putting a certain amount of money into a shared pot regularly. At least once over the fund's lifetime, every member has the chance to win the whole pooled value, either by random drawing or auction. This strategy inspires regular savings and gives you access to a large quantity when you need it, so it's a versatile and trustworthy way to handle money for things like emergencies, investments, or major life events.
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The Nidhi Chit Bonds' Chit
Fund Process
At Nidhi Chit Bonds, we are proud to provide an open, safe, and efficient chit-fund process, and we work hard to accommodate our members' varied financial needs. Members put money into the fund every month. Each month's gathering ends with the distribution of the total pool cash to one lucky member. Members can bid on the funds in a random drawing or auction to determine the beneficiary. Chit funds encourage a sense of community and mutual financial support because they are cyclical, and everyone gets a share of the pooled resources. Your money will grow, and prospects for financial success will be many when you become a part of the Nidhi Chit Bonds network.
