Of all the Digital Online Chit Fund Companies in India myPaisaa rewards users with scratch cards!
Welcome to myPaisaa
Digital Online Chit Fund Companies in India
In the process of bringing reformation in the scape of chit funds, we also decided to introduce scratch cards. We wanted to truly thank and regard every myPaisaa customer’s loyalty and sense of commitment they have towards their goals and our brand. To appreciate their contribution, we decided to launch exciting scratch cards. Being one of the fastest-growing Digital Online Chit Fund Companies in India it was rather incumbent on us to introduce this exciting dimension to the App.
At myPaisaa, we offer scratch cards to users at different time intervals and for various reasons. And if you’re lucky, you can win up to Rs 2,000 through our scratch cards. So here’s when you’ll be rewarded with a scratch card:
Completion of e-sign on the App
Book your first chit plan
Pay your monthly subscriptions on time
Refer a friend to myPaisaa
As one of the most reliant Digital Online Chit Fund Companies in India we take our simple process of verification, quite seriously. Yes, it takes just 2 minutes to install our App and finish the basic verification process.
You will be asked to
Step 1. Share your PAN card details
Step 2. Share your AADHAR card details
Step 3. Take a selfie for identity verification
That is all it takes to get started on myPaisaa, one of the most popular Digital Online Chit Fund Companies in India, licensed by the Govt. of India. So get on, bid on, & fund on!
myPaisaa is a simple app that enables you to build your savings by investing in goal-based chit plans. With this app, you get complete control over your chit plan. Unlike traditional chit funds, myPaisaa makes it easy to save for your goals, while giving you the option to borrow from your savings in case of emergencies.
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 may be 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.
When it comes to safety, myPaisaa is one of the safest and the best Digital Online Chit Fund Companies in India. At myPaisaa, we offer bank-level security for your account. We have enterprise-grade security measures in place to ensure that every detail, including personal and investment details are kept secure. Also, all chit plan information is reported to ROC, Telangana, so that you can visit the official T-Chits website and verify the chit details.
You need to submit KYC documents that include your PAN and Aadhaar card to join a chit plan. If you are a salaried person – 6 months Bank statement and 3 months payslips. If you are a business owner 6 months Bank statement, ITR & any one of -Business licenses/GST/Rental Agreements.
If your residential address is different from the address on the Aadhaar card, then we'll require address proof as well.