Fulfill Your Money Goals with the best Online Chit fund in Bangalore for millennials!

Welcome to myPaisaa

Millennials are on top of their money game these days! From digital currency to market investments, nothing is off limits. In a world dominated by risky investments and digital currency markets, myPaisaa is reviving Chits, the oldest and the most secure form of savings as it has zero market risk. Yes, if you’re millennial, chits are a must-add to your financial portfolio. And myPaisaa offers the best online chit fund in Bangalore!

With advanced technology integration, our App can handle all the operations that offline chit funds spend a fortune over. We’re able to save time, resources, and ‘your’ money by digitizing the whole process.

We are India’s first and foremost Digital Chit Fund App as we are 100% digital, offer easy and quick payouts, maintain transparency with easy accessibility, and have customer-first processes in place.

Are you wondering about safety? Of course, the best online chit fund in Bangalore offers bank-level security for your account. Additionally, myPaisaa is:

  • Compliant as per the Chit Funds Act of 1982
  • Regulated by the Registrar of Chits
  • Recognized by the Govt. of India
  • Backed by The Bharat Inclusion Initiative & Department for Promotion of Industry and Internal Trade (DIPP)

Invest in your dreams, Invest in myPaisaa.

We are the perfect savings solution among all other online chit funds in Bangalore, for today’s millennial. As, we offer flexible plans to complement the flexible nature of chit funds. So, get ready to match your financial goals with the right chit plans with myPaisaa:

Buy a bike

We know that you’ve always thought of buying a bike to feel more free and independent. But how about feeling financially independent as well? That’s where our Chota Save Chit plan can come to the rescue. All you have to do is invest ₹2,000 per month in the best online chit fund in Bangalore and voila, you can be a part of the ₹50,000 chit plan! With this, you can fund that bike easily in your own capacity by cleverly borrowing from your future self.

Downpayment for your House

You’ve bookmarked your ideas for that perfect home you’ve dreamt of. But does it seem like a far away reality? Well, not with the Bada Save Plan on myPaisaa. By investing an amount of ₹4,000 in the best online chit fund in Bangalore, you can withdraw a lumsum amount of ₹1,00,000 and secure the advance of your future home.

Fund your Wedding

Weddings are an expensive affair. But fret not, our Bada Plan is crafted for your big day! It is a ₹3,00,000 chitplan on myPaisaa that enables you to invest ₹10,000 per month for a period of 30 months. While you pay a small amount/installment every month, you can bid and instantly and win the chit amount. What’s more? You’ll even receive monthly dividends.

Medical Emergencies

In uncertain times, one must always be prepared. Hence, investing in the best online chit fund in Bangalore like myPaisaa can be truly rewarding. Especially, when it comes to matters of your well-being. The true essence of the flexibility of a chit fund shows in times of emergencies. The chit you’re investing in can not only serve the purpose of being a non-volatile investment with secured returns but can be a backbone to you in rough times.

It’s easy to get started!

Of all online chit funds in Bangalore, myPaisaa, has the quickest onboarding process and offers transparency at every step of its functioning. Here’s how you can join myPaisaa

Download the myPaisaa App

Our Android and iOS Apps have already crossed over 20,000 installs with 4+ ratings! So download, sign up, and begin your journey with myPaisaa, the best online chit fund in Bangalore.

Upload your Documents

After you finalize the chit plan, you will be asked to upload your 6-month bank statement and 3-month salary slips for us to verify your account.

Select chit plan

Get set to achieve your financial goals by choosing a plan that is monetarily in line with what you wish to accomplish.

Start saving

Now you’re all set to take part in a myPaisaa e-auction! Participate and bid or invest for the long haul. Either way, you’ll receive month-on-month dividends.

So get ready to invest in myPaisaa, a risk-free, tension-free, and undoubtedly one of the best online chit funds in Bangalore.


Mutual funds and chit funds serve different purposes. Mutual funds are long-term investments directly linked to market performance. There's no guarantee of you getting your principal amount back or making profits. Chit funds on the other hand, have zero market risk. They are a great tool for guaranteed short-term investments that enable you to save steadily for your goals and emergencies. Also, unlike mutual funds, you can both save and borrow with Chit funds.

Registered chit funds like myPaisaa are regulated by the Government of India. A registered Chit Fund Company makes a security deposit of a sum equal to 100% of the chit value into a Scheduled Bank as FDR, which is pledged in favour of the Registrar of Chits. A Chit Fund cannot be started unless this deposit is made. Therefore, as a participant in a registered Chit Fund Company you can be rest assured that your investments are secure.

To see our Government approved documents, click here

No, myPaisaa is presently operating in Bangalore and Hyderabad as well.

Recurring deposits offer low interest rates of 5-6% per annum. Also, if a customer withdraws from the RD before maturity they're charged a penalty. Moreover, RD returns are taxable too. However, customers who save in chit funds can expect much higher returns - up to 10% per annum. They can participate in online auctions and get their money in advance. There's the additional benefit of borrowing from your fund in case of emergencies. The best part about chit fund is that the returns are tax-free. Customers can enjoy the full value of their investments without any deductions. Additionally, as our commission pricing is just at 2%, you save on that front as well. Thus, making us the best online chit fund in Bangalore.

There are 4 main advantages of investing in chit funds:

  • Chit fund is the only financial instrument that allows customers to save and borrow from their own funds.
  • Chit funds are one of the oldest forms of investments used by households to grow their money. Today, with FDs and RDs offering low interest rates of 5-6%, chit funds have become a much more attractive investment that offer more returns, and more value for money.
  • Chit funds bring discipline to both the saving and borrowing activities of individuals. While the money you set aside for chit funds maybe low, you'll definitely see steady growth and a clear path to achieving your financial goals.
  • Borrowing through chit funds is very easy and effective. As you're essentially borrowing from your own savings, the rate of interest is lower than market rates and can be as low as 0% depending on when you borrow from your plan. Chits are a reliable source of funds for emergencies.

Ready to Join myPaisaa? Worry not, we’re here for you.
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