myPaisaa - Revolutionising online chit funds in India
Welcome to myPaisaa
Explore unique chit plans like none other!
After a thorough analysis of behaviour patterns, we constantly try to reinvent the chit funds space by mustering unique chit plans that no other Online Chit Funds in India have conceptualized. The best part about all our chit plans is that each one of them is scrutinized and verified by the ultimate authority in the chit fund space, that is the Registrar of Chits of the State we're registered in. Yes, the status of every chit plan of ours can be checked on the T-chits portal which is the Telangana chits portal. As one of the reigning Online Chit Funds in India, here are the four chit plans our customers love:
The smaller, the stronger.
The bigger the better
The more, the merrier
The faster, the finer
Get ready to start your saving/funding journey with myPaisaa
There are several reasons that make myPaisaa truly distinctive:
myPaisaa is one of the first registered Online Chit Funds in India.
myPaisaa challenged the traditional concept of having 1 auction a month by conducting 4 auctions every month/chit plan.
It is the first Online Chit Fund in India to onboard RazorPay as their payment partner.
myPaisaa is also the first Online Chit Fund in India to introduce a chit scheme that conducts 10 auctions every month.
With an incredible 4+ rating on iOS & Playstore, there is no doubt that myPaisaa is here to take India by storm in the ensuing months by truly expanding the chit fund landscape. Being an Online Chit Fund in India, we are well on our way to revolutionizing this Indian form of saving & funding like none other. So value every rupee you earn by saving it in the form of chits plans on myPaisaa, it is the most resourceful & reliable way of saving/ investing/ funding/borrowing.
The behind-the-scenes functioning of Online Chit Funds in India is quite similar to the Traditional Chit Funds but the amount of transparency is a lot more as compared to the Traditional Chit Funds. The fund is always given to the lowest bidder and everyone else in the Chit Group can see all the details about their transactions. Plus, you don't have to go to an office every month to make your deposits or to take part in auctions. You can do all this from the comfort of your house and digital Chit Funds are more reliable, fast, and efficient and thus reduce the probability of fraud.
myPaisaa is a completely digital platform. Thus, making each and every transaction very clear and transparent. Our ISR team is always just a call away if you need any help, making us one of the Best Registered Chit Funds in Bangalore.
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.
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.
Registered online chit funds in India are regulated by the Government of India. A registered Chit Fund Company makes a security deposit of a sum equal to 100% of the chit value into a Scheduled Bank as FDR, which is pledged in favour of the Registrar of Chits. A Chit Fund cannot be started unless this deposit is made. Therefore, as a participant in a registered Chit Fund Company you can rest assured that your investments are secure.