myPaisaa is one of the safest monthly Chit Fund Schemes!
Welcome to myPaisaa
myPaisaa is well on its way to becoming India’s most favored monthly chit fund by creating ripples with technological advancements like none other by digitizing the entire process when it comes to investing in age-old monthly chit funds schemes.
myPaisaa is also registered by the Government of India and regulated by the Registrar of Chits that is appointed by the state. Thus, making it one of the safest Online Chits in Hyderabad for you to start your savings journey with.
What makes myPaisaa the Safest monthly chit fund?
We at myPaisaa revel in removing all the ambiguity and misunderstood notions people have when it comes to chit funds. We do this time and again by gaining people’s trust in not just myPaisaa but monthly chit fund schemes as well.
Here are some reasons that will establish why myPaisaa is one of the safest monthly chit fund schemes out there:
Chit Fund Act Compliant
- Telangana Chits
- Startup India Certificate
- Certificate of Incorporation with CIN
- Certificate of Incorporation with TAN
- Certificate of Incorporation with PAN
- Company Registration on MCA Website
Promising Third Party Integrations
With 20,000 App Installs and more to go, we are proud to say that we are undoubtedly one of the safest and the most reliable monthly chit fund schemes for you to save in and borrow from. So, don’t look further. We are here with the most innovative & rewarding monthly chit plans for you to start your monthly chit fund investment journey today!
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 offers 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 a chit fund company in Bangalore 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. Hence, an Online chit fund App like myPaisaa is a reliable source of funds for emergencies.
myPaisaa is a simple app that enables you to build your savings by investing in goal-based monthly 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.
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.