Fixed Chit Groups Scheme
As part of our core objective to create meaningful value for our members and customers, we continuously design and offer distinctive financial schemes tailored to their needs. Our chit plans are thoughtfully structured to provide enhanced benefits to investors while maintaining reliability and transparency. These exclusive offerings are available only to our members, ensuring a trusted and well-managed environment. We are pleased to introduce our fixed chit group schemes below—please review the details and feel free to reach out to us for any queries or clarifications.
Explore our Chit Groups scheme
₹5 Lakhs Chit
| Month | Due Amount (₹) | Net Payable Amount (₹) | Foreclosing (₹) |
|---|---|---|---|
| 1 | 26,500 | Registration | – |
| 2 | 19,000 | 3,50,000 | – |
| 3 | 19,250 | 3,55,000 | – |
| 4 | 19,500 | 3,60,000 | – |
| 5 | 19,750 | 3,65,000 | – |
| 6 | 20,000 | 3,70,000 | – |
| 7 | 20,250 | 3,75,000 | 2,98,203 |
| 8 | 20,500 | 3,80,000 | 2,81,750 |
| 9 | 20,750 | 3,85,000 | 2,64,795 |
| 10 | 21,000 | 3,90,000 | 2,47,333 |
| 11 | 21,500 | 4,00,000 | 2,29,360 |
| 12 | 22,250 | 4,15,000 | 2,10,633 |
| 13 | 23,000 | 4,30,000 | 1,90,905 |
| 14 | 23,750 | 4,45,000 | 1,70,160 |
| 15 | 24,500 | 4,60,000 | 1,48,383 |
| 16 | 25,250 | 4,75,000 | 1,25,560 |
| 17 | 25,500 | 4,80,000 | 1,01,675 |
| 18 | 25,750 | 4,85,000 | 77,207 |
| 19 | 26,000 | 4,90,000 | 52,150 |
| 20 | 26,500 | 5,00,000 | 26,500 |
₹10 Lakhs Chit
| Month | Due Amount (₹) | Net Payable Amount (₹) | Foreclosing (₹) |
|---|---|---|---|
| 1 | 53,000 | Registration | – |
| 2 | 38,000 | 7,00,000 | – |
| 3 | 38,500 | 7,10,000 | – |
| 4 | 39,000 | 7,20,000 | – |
| 5 | 39,500 | 7,30,000 | – |
| 6 | 40,000 | 7,40,000 | – |
| 7 | 40,500 | 7,50,000 | 5,96,407 |
| 8 | 41,000 | 7,60,000 | 5,63,500 |
| 9 | 41,500 | 7,70,000 | 5,29,590 |
| 10 | 42,000 | 7,80,000 | 4,94,667 |
| 11 | 43,000 | 8,00,000 | 4,58,720 |
| 12 | 44,500 | 8,30,000 | 4,21,267 |
| 13 | 46,000 | 8,60,000 | 3,81,810 |
| 14 | 47,500 | 8,90,000 | 3,40,320 |
| 15 | 49,000 | 9,20,000 | 2,96,767 |
| 16 | 50,500 | 9,50,000 | 2,51,120 |
| 17 | 51,000 | 9,60,000 | 2,03,350 |
| 18 | 51,500 | 9,70,000 | 1,54,413 |
| 19 | 52,000 | 9,80,000 | 1,04,300 |
| 20 | 53,000 | 10,00,000 | 53,000 |
₹20 Lakhs Chit
| Month | Due Amount (₹) | Net Payable Amount (₹) | Foreclosing (₹) |
|---|---|---|---|
| 1 | 1,06,000 | Registration | – |
| 2 | 76,000 | 14,00,000 | – |
| 3 | 77,000 | 14,20,000 | – |
| 4 | 78,000 | 14,40,000 | – |
| 5 | 79,000 | 14,60,000 | – |
| 6 | 80,000 | 14,80,000 | – |
| 7 | 81,000 | 15,00,000 | 11,92,813 |
| 8 | 82,000 | 15,20,000 | 11,27,000 |
| 9 | 83,000 | 15,40,000 | 10,59,180 |
| 10 | 84,000 | 15,60,000 | 9,89,333 |
| 11 | 86,000 | 16,00,000 | 9,17,440 |
| 12 | 89,000 | 16,60,000 | 8,42,533 |
| 13 | 92,000 | 17,20,000 | 7,63,620 |
| 14 | 95,000 | 17,80,000 | 6,80,640 |
| 15 | 98,000 | 18,40,000 | 5,93,533 |
| 16 | 1,01,000 | 19,00,000 | 5,02,240 |
| 17 | 1,02,000 | 19,20,000 | 4,06,700 |
| 18 | 1,03,000 | 19,40,000 | 3,08,827 |
| 19 | 1,04,000 | 19,60,000 | 2,08,600 |
| 20 | 1,06,000 | 20,00,000 | 1,06,000 |
₹30 Lakhs Chit
| Month | Due Amount (₹) | Net Payable Amount (₹) | Foreclosing (₹) |
|---|---|---|---|
| 1 | 1,59,000 | Registration | – |
| 2 | 1,14,000 | 21,00,000 | – |
| 3 | 1,15,500 | 21,30,000 | – |
| 4 | 1,17,000 | 21,60,000 | – |
| 5 | 1,18,500 | 21,90,000 | – |
| 6 | 1,20,000 | 22,20,000 | – |
| 7 | 1,21,500 | 22,50,000 | 17,89,220 |
| 8 | 1,23,000 | 22,80,000 | 16,90,500 |
| 9 | 1,24,500 | 23,10,000 | 15,88,770 |
| 10 | 1,26,000 | 23,40,000 | 14,84,000 |
| 11 | 1,29,000 | 24,00,000 | 13,76,160 |
| 12 | 1,33,500 | 24,90,000 | 12,63,800 |
| 13 | 1,38,000 | 25,80,000 | 11,45,430 |
| 14 | 1,42,500 | 26,70,000 | 10,20,960 |
| 15 | 1,47,000 | 27,60,000 | 8,90,300 |
| 16 | 1,51,500 | 28,50,000 | 7,53,360 |
| 17 | 1,53,000 | 28,80,000 | 6,10,050 |
| 18 | 1,54,500 | 29,10,000 | 4,63,240 |
| 19 | 1,56,000 | 29,40,000 | 3,12,900 |
| 20 | 1,59,000 | 30,00,000 | 1,59,000 |
₹40 Lakhs Chit
| Month | Due Amount (₹) | Net Payable Amount (₹) | Foreclosing (₹) |
|---|---|---|---|
| 1 | 2,12,000 | Registration | – |
| 2 | 1,52,000 | 28,00,000 | – |
| 3 | 1,54,000 | 28,40,000 | – |
| 4 | 1,56,000 | 28,80,000 | – |
| 5 | 1,58,000 | 29,20,000 | – |
| 6 | 1,60,000 | 29,60,000 | – |
| 7 | 1,62,000 | 30,00,000 | 23,85,627 |
| 8 | 1,64,000 | 30,40,000 | 22,54,000 |
| 9 | 1,66,000 | 30,80,000 | 21,18,360 |
| 10 | 1,68,000 | 31,20,000 | 19,78,667 |
| 11 | 1,72,000 | 32,00,000 | 18,34,880 |
| 12 | 1,78,000 | 33,20,000 | 16,85,067 |
| 13 | 1,84,000 | 34,40,000 | 15,27,240 |
| 14 | 1,90,000 | 35,60,000 | 13,61,280 |
| 15 | 1,96,000 | 36,80,000 | 11,87,067 |
| 16 | 2,02,000 | 38,00,000 | 10,04,480 |
| 17 | 2,04,000 | 38,40,000 | 8,13,400 |
| 18 | 2,06,000 | 38,80,000 | 6,17,653 |
| 19 | 2,08,000 | 39,20,000 | 4,17,200 |
| 20 | 2,12,000 | 40,00,000 | 2,12,000 |
₹50 Lakhs Chit
| Month | Due Amount (₹) | Net Payable Amount (₹) | Foreclosing (₹) |
|---|---|---|---|
| 1 | 2,65,000 | Registration | – |
| 2 | 1,90,000 | 35,00,000 | – |
| 3 | 1,92,500 | 35,50,000 | – |
| 4 | 1,95,000 | 36,00,000 | – |
| 5 | 1,97,500 | 36,50,000 | – |
| 6 | 2,00,000 | 37,00,000 | – |
| 7 | 2,02,500 | 37,50,000 | 29,82,033 |
| 8 | 2,05,000 | 38,00,000 | 28,17,500 |
| 9 | 2,07,500 | 38,50,000 | 26,47,950 |
| 10 | 2,10,000 | 39,00,000 | 24,73,333 |
| 11 | 2,15,000 | 40,00,000 | 22,93,600 |
| 12 | 2,22,500 | 41,50,000 | 21,06,333 |
| 13 | 2,30,000 | 43,00,000 | 19,09,050 |
| 14 | 2,37,500 | 44,50,000 | 17,01,600 |
| 15 | 2,45,000 | 46,00,000 | 14,83,833 |
| 16 | 2,52,500 | 47,50,000 | 12,55,600 |
| 17 | 2,55,000 | 48,00,000 | 10,16,750 |
| 18 | 2,57,500 | 48,50,000 | 7,72,067 |
| 19 | 2,60,000 | 49,00,000 | 5,21,500 |
| 20 | 2,65,000 | 50,00,000 | 2,65,000 |
If you are interested in any of these Chit Group Schemes, give us a call or email us immediately for more information.
₹1 Crore Chit
| Month | Due Amount (₹) | Net Payable Amount (₹) | Foreclosing (₹) |
|---|---|---|---|
| 1 | 5,30,000 | Registration | – |
| 2 | 3,80,000 | 70,00,000 | – |
| 3 | 3,85,000 | 71,00,000 | – |
| 4 | 3,90,000 | 72,00,000 | – |
| 5 | 3,95,000 | 73,00,000 | – |
| 6 | 4,00,000 | 74,00,000 | – |
| 7 | 4,05,000 | 75,00,000 | 59,64,067 |
| 8 | 4,10,000 | 76,00,000 | 56,35,000 |
| 9 | 4,15,000 | 77,00,000 | 52,95,900 |
| 10 | 4,20,000 | 78,00,000 | 49,46,667 |
| 11 | 4,30,000 | 80,00,000 | 45,87,200 |
| 12 | 4,45,000 | 83,00,000 | 42,12,667 |
| 13 | 4,60,000 | 86,00,000 | 38,18,100 |
| 14 | 4,75,000 | 89,00,000 | 34,03,200 |
| 15 | 4,90,000 | 92,00,000 | 29,67,667 |
| 16 | 5,05,000 | 95,00,000 | 25,11,200 |
| 17 | 5,10,000 | 96,00,000 | 20,33,500 |
| 18 | 5,15,000 | 97,00,000 | 15,44,133 |
| 19 | 5,20,000 | 98,00,000 | 10,43,000 |
| 20 | 5,30,000 | 1,00,00,000 | 5,30,000 |
₹2 Crore Chit
| Month | Due Amount (₹) | Net Payable Amount (₹) | Foreclosing (₹) |
|---|---|---|---|
| 1 | 10,60,000 | Registration | – |
| 2 | 7,60,000 | 1,40,00,000 | – |
| 3 | 7,70,000 | 1,42,00,000 | – |
| 4 | 7,80,000 | 1,44,00,000 | – |
| 5 | 7,90,000 | 1,46,00,000 | – |
| 6 | 8,00,000 | 1,48,00,000 | – |
| 7 | 8,10,000 | 1,50,00,000 | 1,19,28,133 |
| 8 | 8,20,000 | 1,52,00,000 | 1,12,70,000 |
| 9 | 8,30,000 | 1,54,00,000 | 1,05,91,800 |
| 10 | 8,40,000 | 1,56,00,000 | 98,93,333 |
| 11 | 8,60,000 | 1,60,00,000 | 91,74,400 |
| 12 | 8,90,000 | 1,66,00,000 | 84,25,333 |
| 13 | 9,20,000 | 1,72,00,000 | 76,36,200 |
| 14 | 9,50,000 | 1,78,00,000 | 68,06,400 |
| 15 | 9,80,000 | 1,84,00,000 | 59,35,333 |
| 16 | 10,10,000 | 1,90,00,000 | 50,22,400 |
| 17 | 10,20,000 | 1,92,00,000 | 40,67,000 |
| 18 | 10,30,000 | 1,94,00,000 | 30,88,267 |
| 19 | 10,40,000 | 1,96,00,000 | 20,86,000 |
| 20 | 10,60,000 | 2,00,00,000 | 10,60,000 |
₹3 Crore Chit
| Month | Due Amount (₹) | Net Payable Amount (₹) | Foreclosing (₹) |
|---|---|---|---|
| 1 | 15,90,000 | Registration | – |
| 2 | 11,40,000 | 2,10,00,000 | – |
| 3 | 11,55,000 | 2,13,00,000 | – |
| 4 | 11,70,000 | 2,16,00,000 | – |
| 5 | 11,85,000 | 2,19,00,000 | – |
| 6 | 12,00,000 | 2,22,00,000 | – |
| 7 | 12,15,000 | 2,25,00,000 | 1,78,92,200 |
| 8 | 12,30,000 | 2,28,00,000 | 1,69,05,000 |
| 9 | 12,45,000 | 2,31,00,000 | 1,58,87,700 |
| 10 | 12,60,000 | 2,34,00,000 | 1,48,40,000 |
| 11 | 12,90,000 | 2,40,00,000 | 1,37,61,600 |
| 12 | 13,35,000 | 2,49,00,000 | 1,26,38,000 |
| 13 | 13,80,000 | 2,58,00,000 | 1,14,54,300 |
| 14 | 14,25,000 | 2,67,00,000 | 1,02,09,600 |
| 15 | 14,70,000 | 2,76,00,000 | 89,03,000 |
| 16 | 15,15,000 | 2,85,00,000 | 75,33,600 |
| 17 | 15,30,000 | 2,88,00,000 | 61,00,500 |
| 18 | 15,45,000 | 2,91,00,000 | 46,32,400 |
| 19 | 15,60,000 | 2,94,00,000 | 31,29,000 |
| 20 | 15,90,000 | 3,00,00,000 | 15,90,000 |
₹4 Crore Chit
| Month | Due Amount (₹) | Net Payable Amount (₹) | Foreclosing (₹) |
|---|---|---|---|
| 1 | 21,20,000 | Registration | – |
| 2 | 15,20,000 | 2,80,00,000 | – |
| 3 | 15,40,000 | 2,84,00,000 | – |
| 4 | 15,60,000 | 2,88,00,000 | – |
| 5 | 15,80,000 | 2,92,00,000 | – |
| 6 | 16,00,000 | 2,96,00,000 | – |
| 7 | 16,20,000 | 3,00,00,000 | 2,38,56,267 |
| 8 | 16,40,000 | 3,04,00,000 | 2,25,40,000 |
| 9 | 16,60,000 | 3,08,00,000 | 2,11,83,600 |
| 10 | 16,80,000 | 3,12,00,000 | 1,97,86,667 |
| 11 | 17,20,000 | 3,20,00,000 | 1,83,48,800 |
| 12 | 17,80,000 | 3,32,00,000 | 1,68,50,667 |
| 13 | 18,40,000 | 3,44,00,000 | 1,52,72,400 |
| 14 | 19,00,000 | 3,56,00,000 | 1,36,12,800 |
| 15 | 19,60,000 | 3,68,00,000 | 1,18,70,667 |
| 16 | 20,20,000 | 3,80,00,000 | 1,00,44,800 |
| 17 | 20,40,000 | 3,84,00,000 | 81,34,000 |
| 18 | 20,60,000 | 3,88,00,000 | 61,76,533 |
| 19 | 20,80,000 | 3,92,00,000 | 41,72,000 |
| 20 | 21,20,000 | 4,00,00,000 | 21,20,000 |
₹5 Crore Chit
| Month | Due Amount (₹) | Net Payable Amount (₹) | Foreclosing (₹) |
|---|---|---|---|
| 1 | 26,50,000 | Registration | – |
| 2 | 19,00,000 | 3,50,00,000 | – |
| 3 | 19,25,000 | 3,55,00,000 | – |
| 4 | 19,50,000 | 3,60,00,000 | – |
| 5 | 19,75,000 | 3,65,00,000 | – |
| 6 | 20,00,000 | 3,70,00,000 | – |
| 7 | 20,25,000 | 3,75,00,000 | 2,98,20,333 |
| 8 | 20,50,000 | 3,80,00,000 | 2,81,75,000 |
| 9 | 20,75,000 | 3,85,00,000 | 2,64,79,500 |
| 10 | 21,00,000 | 3,90,00,000 | 2,47,33,333 |
| 11 | 21,50,000 | 4,00,00,000 | 2,29,36,000 |
| 12 | 22,25,000 | 4,15,00,000 | 2,10,63,333 |
| 13 | 23,00,000 | 4,30,00,000 | 1,90,90,500 |
| 14 | 23,75,000 | 4,45,00,000 | 1,70,16,000 |
| 15 | 24,50,000 | 4,60,00,000 | 1,48,38,333 |
| 16 | 25,25,000 | 4,75,00,000 | 1,25,56,000 |
| 17 | 25,50,000 | 4,80,00,000 | 1,01,67,500 |
| 18 | 25,75,000 | 4,85,00,000 | 77,20,667 |
| 19 | 26,00,000 | 4,90,00,000 | 52,15,000 |
| 20 | 26,50,000 | 5,00,00,000 | 26,50,000 |
₹10 Crore Chit
| Month | Due Amount (₹) | Net Payable Amount (₹) | Foreclosing (₹) |
|---|---|---|---|
| 1 | 53,00,000 | Registration | – |
| 2 | 38,00,000 | 7,00,00,000 | – |
| 3 | 38,50,000 | 7,10,00,000 | – |
| 4 | 39,00,000 | 7,20,00,000 | – |
| 5 | 39,50,000 | 7,30,00,000 | – |
| 6 | 40,00,000 | 7,40,00,000 | – |
| 7 | 40,50,000 | 7,50,00,000 | 5,96,40,667 |
| 8 | 41,00,000 | 7,60,00,000 | 5,63,50,000 |
| 9 | 41,50,000 | 7,70,00,000 | 5,29,59,000 |
| 10 | 42,00,000 | 7,80,00,000 | 4,94,66,667 |
| 11 | 43,00,000 | 8,00,00,000 | 4,58,72,000 |
| 12 | 44,50,000 | 8,30,00,000 | 4,21,26,667 |
| 13 | 46,00,000 | 8,60,00,000 | 3,81,81,000 |
| 14 | 47,50,000 | 8,90,00,000 | 3,40,32,000 |
| 15 | 49,00,000 | 9,20,00,000 | 2,96,76,667 |
| 16 | 50,50,000 | 9,50,00,000 | 2,51,12,000 |
| 17 | 51,00,000 | 9,60,00,000 | 2,03,35,000 |
| 18 | 51,50,000 | 9,70,00,000 | 1,54,41,333 |
| 19 | 52,00,000 | 9,80,00,000 | 1,04,30,000 |
| 20 | 53,00,000 | 10,00,00,000 | 53,00,000 |
If you are interested in any of these Chit Group Schemes, give us a call or email us immediately for more information.
Highlights
1. 100% trust by providing government-approved documents to Members.
a. Agreement deed for the chit value and FORM 8 as per the Chit Funds Act, 1982 can be obtained.
b. A copy of the fixed deposit amount kept as security for group registration can be obtained.
c. A certificate issued by the Government Registration Department to legally conduct the group can be obtained.
2. Only with Nagashiva company, members who have not taken the chit can get a loan of 70% of the installment amount paid.
3. Only with Nagashiva company, both chit taken and nonchit taken members can do early closure (Chit Foreclosing) after 7 months.
4. As a special facility not available in any other chit fund companies, 50% of the Mortgage (MOD) deed registration cost will be borne by the company.
5. Nagashiva company, chit member can view their transactions without interruption through a Mobile App. 6. As a special facility not available in any chit fund companies so far, only with Nagashiva company, chit insurance can be obtained by paying 1% of the chit value.
Rules
1. The member must have paid installments for five months in order to take the chit amount.
2. If the chit amount is required within 6 months, prior intimation and approval must be obtained at the time of joining the chit. If the chit amount is required after 6 months, it is sufficient to inform one month in advance.
3. For 5 lakh and 10 lakh chit loan holders: The member must provide 3 cheques in the membername and 2 guarantors.Fromeach guarantor (employees or business persons), 3 cheques and bank statements must be obtained.
4. Separate guarantors must be provided for each chit taken by the member. In addition, KYC details with consent signature of any one family member are mandatory.
5. For chit amounts of 20 lakhs and above, Mortgage (MOD) deed registration is compulsory. The market value of the property offered as collateral must be at least twice the chit amount.
6. After the 15th month, only the member’s documents are sufficient to take the chit amount.
7. According to the agreement, the chit amount will be given only in that commitment month to members who pay the monthly installment on the due date.
8. The chit amount will be transferred to member bank account on the very next day after completion of guarantor and documentation procedures.
9. As per the Chit Funds Act, 1982, if a member withdraws from the group midway or fails to pay installments for two consecutive months, 6% company commission will be deducted from the chit value, and the remaining amount will be paid only after completion of the chit period.
10. As per the Chit Funds Act, 1982, if a member transfers their chit to another person, 1% of the chit value must be paid as registration charges.
11. The company will accept only if you provide qualified sureties appropriate to the chit amount.
