myPaisaa - One of the most reliable Licensed Chit Funds in India



Welcome to myPaisaa

Chit Funds have always been a financial staple in Indian Households. We are here to redefine this robust savings scheme like never before! Yes, myPaisaa is one of the most unique licensed chit funds in India that is a brilliant savings & credit scheme merged into one.

Of all the Registered Chit Funds in India, myPaisaa is India’s first Digital Chit Fund. With e-auctions, real-time payouts, digital authentication & RazorPay-enabled payments, we are easily one of the fastest-growing Digital Licensed Chit Funds in India.

The best part about myPaisaa is the innovation we try to bring at every step. We were one of the first licensed chit funds in India to introduce a chit fund scheme that conduct 10 auctions every month. This inturn was crafted to appeal to our users who essentially love investing in myPaisaa to fulfill their borrowing needs.
We are also one of the few licensed Chit Funds in India to introduce scratch cards to make the Chit Fund App experience all the more exciting and rewarding. Yes, you can stand a chance to win cashback upto Rs 2,000 for completing simple transactions. Be it for paying your monthly subscription on time or for completing your e-sign on the App, your every step will be acknowledged by us!

These are just two ways in which we’ve brought about innovation, there are many more to go. So be rest assured that your search for the best chit fund App of all the Registered Chit Funds in India ends right here with myPaisaa. Be a part of the transformation we are brining in the space of chit funds by installing our advanced and digitally savvy chit fund App & bid goodbye to traditional chits.

What gives myPaisaa a 10/10 credibility?




As one of the few Licensed chit funds in India to have an auction turnover of over 250 crores in just a span of two years, you can be assured that myPaisaa is absolutely safe to invest in. To add to the credibility, you can also check out the Playstore & iOS ratings which are over 4.5, filled with hundreds of customer testimonials.

But here are some more reasons that assure you why we are the safest chit fund to invest in of all the Registered Chit Funds in India:
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T-Chits Portal

According to the Central Act of Chit Funds, the process of the functioning of registered chit funds came about in the year 1982. Ever since, it has been a guiding source for all the State Regulators as Registered Chit Funds in India can only be regulated by the State Government and not the Central Government. Hence, the State Government bodies are bestowed with the responsibility of admintering Licensed Chit Funds in India.

In tandem with that, our company is registered with the Governement of Telangana. Thankfully, they have created a revolutionary way of administering the chit fund companies in the state with T - chits. It is a portal where you can verify the details of every chit of ours to feel safe and secure about investing with us.
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Dept. for Promotion of Industry & Trade

This Department functions under the Ministry of Commerce & Industry which comes under the Central Govt. of India. The Dept. for Promotion of Industry & Trade is not only responsible for promoting and implementing measures for the growth of the industrial sector, but also for the overall industrial policy. And we are glad to say that we are one of the registered Chit Funds in India to be bolstered by this entity.
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Bharat Inclusion Initiative

We are one of the best online chit funds in India as we’re the only Chit Fund to have Razor Pay onboard! Yes, India’s most trusted and popular Payment Gateway has partnered with us for processing payments. With Razor Pay, comes the promise of quick payments and the trust that we’re ensuring credibility at every step of the way.
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Startup India Certificate

Startup India is one of the largest startup ecosystems in the world. It is an initiative, the startup plan of which was unveiled by the Prime Minister of India. It is aimed at harnessing the entrepreneurial potential of our country by providing the right support to fledgling startups. We are proud to say that of all the Licensed Chit Funds in India, myPaisaa is certified by this Initiative.

myPaisaa has simplified chit funds for over 20,000 users!



Yes, that’s right. Just within a span of two years, we’ve managed to acquire a strong base of over 20,000 users. Of all the Licensed Chit Funds in India, choose myPaisaa to invest in and add a reformed form of savings to your financial portfolio.

Get on. Bid on. Fund on. myPaisaa is one of the fastest-growing registered Chit Funds in India and we’ve got your chit fund journey covered!

FAQs


What makes myPaisaa one of the licensed Chit Funds in India?

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.

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.

Creating an account in one of the licensed Chit Funds in India, like myPaisaa is fairly simple. 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 pay slips. If you are a business owner 6 months Bank statement, ITR & any one of -Business license/GST/Rental Agreement.

myPaisaa customers can login to the myPaisaa app to see their chit information like dividend history, subscription amounts and the interest rate prediction.