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Frequently asked questions

Question you might ask about our services.

What is a chit fund, and how does it work?

A chit fund is a savings and borrowing scheme where a group of individuals contributes a fixed amount regularly into a pool. Each month, one member gets access to the total amount through a bidding or lottery system. This helps participants save and access funds when needed

Is Daasharathi Chits Pvt Ltd a government-registered chit fund company?

Yes, Daasharathi Chits Pvt Ltd is a government-registered chit fund company, operating under strict compliance and ethical financial practices to ensure your savings are safe and well-managed.

Who can join a chit fund with Daasharathi Chits Pvt Ltd?

Anyone—from salaried individuals and small traders to business owners and self-employed professionals—can join our chit funds. We offer customized plans to suit various financial profiles.

What are the benefits of joining a chit fund with Daasharathi Chits?

Our chit fund schemes offer a disciplined way to save, easy access to emergency funds, competitive bidding options, and a transparent process managed by financial experts.

How is the monthly recipient selected in a chit group?

The monthly recipient is selected either through an auction (where members bid for the lowest amount they’re willing to accept) or by a draw (lottery system), depending on the scheme you’ve joined.

Is there any risk involved in chit funds?

With Daasharathi Chits Pvt Ltd, the risk is minimal. We ensure full transparency, follow government regulations, and maintain clear documentation, making our services secure and trustworthy.

What documents are required to join a chit fund?

Typically, we require identity proof (like Aadhaar/PAN), address proof, and a recent photograph. Additional documents may be requested based on the scheme or applicant profile.

Can I exit from the chit fund before its term ends?

Early exit policies vary by plan. We recommend discussing with our representatives for clear guidelines and possible options if you wish to exit mid-term.

How are the funds disbursed to the winning member?

Funds are disbursed through secure banking channels after proper verification and documentation, ensuring a safe and smooth transaction process.

How can I get started or know more about Daasharathi Chits’ plans?

You can visit our office, call us directly, or explore our website for more details. Our customer support team will guide you through the process and help you choose the best chit plan for your needs.