Saving through one of the chit plans on the myPaisaa online chits App has a lot of benefits. For starters, you make 10% interest annually. While most banks offer an interest rate of 7% - 8% through FDs & RDs, the money you save on the myPaisaa online Chits App accrues double the interest.
What’s more? You even receive a dividend, every month diligently. Yes, myPaisaa investors receive higher dividend payouts because of the 2% ONLY commission charges. Also, as GST is charged on the commission value, you end up saving there as well.
Are you new to your savings journey? Are you still in the phase of trying new avenues to make your investments lucrative? Then the Chota Save Plan on our online chit fund App is made for you. It’s a 50K plan where you only have to invest Rs 2,000 every month for about 25 months. You can bid online through e-auctions and when you win, you can withdraw upto Rs 49,000 in one shot. Hence, for expensive purchases or for quick money during emergencies, the Chota Save is a plan to be reckoned with.
Having explored stocks, crypto, FDs, & RDs, if a chit fund is what you intend on saving in due to the stable market and assured interest, then the Bada Save Plan is ideal for you. It is a 1 Lakh Plan on our online chits App where you can save Rs 4,000 every month. For saving an amount as less as Rs 4,000, you have the privilege to bid, win the auction and receive 98% of your chit value. Yes, you can win the auction in the first month itself and receive Rs 98,000 through our e-auction. Or you can continue saving and make 10% interest annually on the chit value.
This plan is perfect for seasoned investors. With the Zyada Save Plan on our online chits App, you can save Rs 10,000 every month and earn a monthly dividend of Rs 2,800. Yes, this is a 3 lakh chit plan where you can make an overall of Rs 15,000 compared to traditional chit funds. You even save Rs 1,080 with GST charges. This plan is the best-selling plan on our online chits App.
There are several reasons behind the meteoric growth of myPaisaa. Here’s a glimpse of the same:
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.
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.
There are 4 main advantages of investing in chit funds:
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.