in Hyderabad for your age group!
Welcome to myPaisaa
Our 100% digitally-empowered platform automates the process. We rely on India’s digital infrastructure of UPI, eKYC, and e-Sign for signing up and conducting e-auctions through our App. Hence, we charge a disruptive commission of just 2% unlike other chit fund firms who charge 5%.
So no matter what age group you’re in, myPaisaa chits is definitely the right choice to fulfill your financial needs. It’s time to say hello to a recognized and regulated Chit Fund Company in Hyderabad.
As one of the top Chit Fund Companies in Hyderabad, we have studied our customers’ requirements and have crafted 3 plans for your sizable investment
Chit Fund Company in Hyderabad!
To invest in the Best chit fund company in Hyderabad, follow these steps
With over 10,000 app installs, myPaisaa is undoubtedly the fastest growing Digital Chit Fund App in India and one of the best Chit Fund Companies in Hyderabad. So be a part of this popular and efficient savings scheme, where you can securely and organically grow your savings in a fluctuation-free chit fund market.
No, myPaisaa is presently operating in Hyderabad and Bangalore as well.
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.
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
Chit fund returns depend on the month you participate in and win an auction. A customer who stays for 25 months gets an annual interest of around 10%.
Companies in Hyderabad like myPaisaa?
Traditional chit fund companies operate using traditional, complicated manual processes. Customers are required to visit chit fund offices in order to participate in auctions, leading to the loss of valuable time and energy. With digital chits, you can enjoy all the benefits of a traditional chit fund at your convenience. Digital technology has also automated the entire process making chit funds much more transparent, reliable and easy for the millennial customers of today.