Read carefully
Draft Terms Notice
Starter template only, not final legal terms.
Do not use this as a final scheme contract. Have the exact structure reviewed by an Indian lawyer experienced in chit-fund and financial regulation before inviting enrolment or collecting funds.
Current website status
This site is for general information and expressions of interest only. It does not accept contributions, issue memberships or promise payouts.
Draft figures
The concept has discussed ₹500 per chit monthly for 11 months, ₹5,500 total contributions and a proposed ₹6,500 payout. The ₹1,000 difference per chit needs a substantiated funding source; the payout is not guaranteed.
Terms to finalise
- Full legal identity of the operator.
- Applicable registrations, sanctions, permissions and statutory disclosures.
- Eligibility, instalment dates and authorised payment method.
- Late or missed payments, cancellations and refunds.
- Payout amount, timing, conditions and funding source.
- Referral eligibility, card fees, taxes and other charges.
- Complaints, disputes, data handling and record retention.
No representation of approval
A domain, logo, card, QR code or website does not establish regulatory approval, registration, financial security or guaranteed payout.
Draft for website scaffolding only; not legal advice.