Explore the most unique Chit Schemes like never before!
Welcome to myPaisaa
With a digitally-evolved App, we are reviving India’s oldest and most-renowned form of saving/borrowing.
With digital auctions, digital onboarding, digital payments, digital monitoring, digital payouts and more, we have made investing in chit funds or borrowing from chit schemes an extremely seamless experience.
What makes myPaisaa chit schemes one of a kind?
These are the several aspects that make myPaisaa one of the most unique chit funds
The number of auctions per month
The Chit Period
100% Digital App
We offer different Chit Schemes with different Chit Values
Rs 3,00,000 value chit schemes:
This is called the Zyada Save Chit Plan. This is known to be one of the most popular chit schemes of myPaisaa. In this chit scheme, with a commission of 2% as it’s a high-value chit scheme, you can bid and win upto Rs 2,94,000 through e-auctions. Yes, all you have to do is pay just Rs 10,000 every month and voila, you can borrow this huge amount.
Rs 1,00,000 value chit schemes:
The Bada Save Chit Plan can also help you maximize your savings with unparalleled interest or can be your confidante when it comes to borrowing. Get ready to fulfill your goals with ease by investing in this flexible form of savings. By paying a commission as low as 2% only, you’ll be able to draw as much as Rs 98,000 through e-auctions.
Rs 50,000 value chit schemes:
When it comes to chit schemes that are of Rs 50,000, we have two types of chit funds. The first one is the Chota Save. It is a Rs 50,000 chit fund where you have to invest just Rs 2,000 every month. For investing this at just 2%, you will also receive dividends of about Rs 560 every month. This plan is ideal for your small goals!
The other chit plan is our latest entrant to the array of myPaisaa Chit Schemes.
It is called the 10X10 Chit Plan! This is a one-of-a-kind chit scheme as we conduct 10 auctions every month and the chit period of this plan is just 10 months.
Ideal for borrowers, the multiple auctions held every month give our customers more chances than before to get lucky and win the bid!
Although we are just a 2-yr old chit fund App, we have managed to prove our worth to so many countless customers with our uniquely crafted chit schemes.
So much so, that we have successfully managed to cross an estimated auction turnover of 25crores.
So what are you waiting for?
Start your savings journey with the most trusted form of savings in the most trusted way!
Joining myPaisaa is very simple.
Step 1: Download the myPaisaa app & complete your KYC with Aadhar, Pan & Selfie.
Step 2: Choose a chit plan that suits your goal and make payment.
Step 3: Submit your income proof documents under Menu > details > Documents in the app. And you are done.
Our team will validate and follow-up within 48-72 hrs once you submit your income proofs. Post which you shall receive communication via SMS, email and notifications.
You can make payments through cash, cheque, DD or through online payment modes from the myPaisaa app.
We prefer the online mode as it gives you complete control over your payment and receipt generation is also instant.
Each individual is allowed to borrow once in the entire period of chit.
Studies by Edwin A. Locke and his colleagues have shown that specific and ambitious goals lead to better performance. So having a goal will help you save with more commitment, ultimately helping you realise your dream faster.
You can borrow up to 95% from your chit value. However, the actual borrowing amount depends on the auction and demand for money in that month.