Hello world!
Welcome to WordPress. This is your first post. Edit or delete it, then start writing!
Most trusted brand since 2011
Helping Create Wealth.
Helping Create Wealth.
Empowering people through prosperity.
Sudhabhagya Chits Pvt. Ltd. started its operations in the year 2011 with a single branch and has in a short span grown into a trusted household name for making Chits a viable form of saving and borrowing to all sections of the society. Sudhabhagya Chits now has a turn over exceeding Rs. 100 Cores. 20000 subscriber ACROSS SINGLE BRANCH
17
Years
Celebrating a legacy journey of 50 years with pride and gratitude.
20000
Customers
2000
Agents
100
Employees
17
Year
Our Story
What is a Chit?
It is a CONTRACT between the foreman, as the Promoter is called, and the subscribers, who join voluntarily. It is a FINANCIAL SYSTEM under which the periodical and regular savings of a group of subscribers are made available to each subscriber, a SPECIFIED AMOUNT every month (instalment) for a SPECIFIED PERIOD.
The Pooled funds every month are offered to the subscribers at monthly AUCTIONS and the subscriber who BIDS for the highest DISCOUNT is declared the PRIZE WINNER and given the PRIZE AMOUNT on proper security. A Prized subscriber also should continue to pay the subscriptions till the termination of the chit. The amount foregone as discount, less foreman’s commission is distributed among the subscribers as dividend.
Chits - A Brief Overview
The concept of chit funds is indigenous to India and originated more than 1000 years ago. Initially it was in the form of an informal association of traders and households within communities, wherein the members contributed some money in return for an accumulated sum at the end of the tenure.
It is a mechanism that combines borrowing and savings in a single scheme. In a chit fund scheme, a group of individuals come together for a pre-determined time period and contribute to a common pool at regular intervals.
Every month, up until the end of the tenure of the scheme, the collected pool of money is loaned out internally through a bidding mechanism to the most deserving member. This way, people who are in need of funds and those who want to save are able to meet their requirements.
The concept of chit funds Chit funds are equivalent of the Rotating Savings and Credit Associations (ROSCA) that are famous throughout the world. ROSCAs are a means to "save and borrow" simultaneously.
It is considered one of the best instruments to cater to the needs of a customer. It enables people to convert their small savings into lump sums.
Services
Complete Online Customer Services
SUDHABHAGYA has been designed to provide total customer services online. You can now complete all the formalities of joining a chit scheme from the comfort of your home.
📝
Online Application
Online enrollment form for new subscribers.
❓
Enquiries
Subscribers can make any specific enquiry easily.
💬
Complaints / Suggestions
Share your feedback, complaints, or suggestions with us.
🔐
Subscriber Login Services
Access exclusive services using your Login ID and password. Contact your branch office to get credentials.
📊
Subscriber Status
Check your current chit and account status anytime.
🏠
Address Change Request
Update your address details easily online.
💰
Dividend Enquiry
View and enquire about your dividend details.
🚚
Subscription Pickup
Request home pickup of your subscription amount.
💳
Payment Modes
Make payments via Cash, Cheque, or Demand Draft (DD).
Process
How Chit Works
Chit Group Formation
There is a new chit group that is commencing. The value of the chit is 500,000. This amount is known as the Chit Value.
For this example, duration is 50 months. 40 people join — called Subscribers.
Registration & Security
The foreman registers the chit and deposits 100% chit value as security. This protects all subscribers.
Monthly Contribution
Monthly Subscription = 500,000 / 40 = 12,500
Bidding Process
Subscribers bid monthly. Maximum bid allowed: 40%. Example: 40% of 500,000 = 200,000 (Chit Discount)
Foreman Commission
5% commission = 25,000 Remaining = 175,000 (distributed among subscribers)
Dividend Benefit
Each subscriber receives 175,000 / 40 = 4,375
So next payment becomes: 12,500 - 4,375 = Reduced Payment
Final Outcome
Subscribers can either: - Borrow early (first half) - Save more (later period)
Chit Groups Available
Available Chit Groups
| Chit Value (₹) | Duration (Months) | Monthly Subscription (₹) |
|---|---|---|
| 1,00,000 | 25 | 4,000 |
| 2,00,000 | 25 | 8,000 |
| 3,00,000 | 30 | 10,000 |
| 5,00,000 | 40 | 12,500 |
| 5,00,000 | 25 | 20,000 |
| 15,00,000 | 30 | 50,000 |
| 15,00,000 | 50 | 30,000 |
| 25,00,000 | 50 | 50,000 |
* Terms & Conditions Apply
* Admission Fees Extra
. Available vacant Chit Groups
| Chit Value (₹) | Duration (Months) | Monthly Subscription (₹) |
|---|---|---|
| 1,00,000 |
Scheme ~ You Will Have A Helping Hand
Given below is a list of chits available at Sudhbhagya Chits Pvt. Ltd.
| Chit Value | Monthly Amount | Period | Min Price | Max Price | 40% Bidding Amount | 5% Bidding Amount |
|---|---|---|---|---|---|---|
| 10,00,000 | 25,000 | 40 | 16,250 | 8,750 | 6,00,000 | 9,50,000 |
Chit Plans
| Chit Amount | Period | EMI |
|---|---|---|
| 1,00,000 | 40 | 2,500 |
| 1,00,000 | 25 | 4,000 |
| 2,00,000 | 50 | 4,000 |
| 2,00,000 | 25 | 8,000 |
| 3,00,000 | 50 | 6,000 |
| 5,00,000 | 50 | 10,000 |
| 5,00,000 | 25 | 20,000 |
| 5,00,000 | 40 | 12,500 |
| 10,00,000 | 40 | 25,000 |
| 15,00,000 | 50 | 30,000 |
| 25,00,000 | 50 | 50,000 |
Information
Chit Scheme Guidelines & Benefits
Understand the benefits, procedures, and important guidelines related to chit schemes.
- A good source of finance for all contingencies.
- Helps in saving or borrowing for major expenses like marriage, house purchase, etc.
- Useful source of finance for businessmen.
- Details of groups and auction procedures are available at the branch.
- Security depends on number of chits held.
- Select group based on payment capacity and security ability.
- Branch guidance is available.
- Admission rights reserved by management.
- Pay monthly instalments before due date (Cash/Cheque/DD).
- Late payments may lead to penalties or disqualification.
- Cheque dishonour leads to cash-only future payments.
- Payments accepted across branches (conditions apply).
- Use Account Payee cheques only.
- Maximum bidding allowed: 40%.
- Minimum bid in multiples of ₹50.
- Auction duration: 5 minutes.
- Can participate personally or via authorized person.
- Written bids accepted (no phone bids).
- Paid before next auction after verification.
- Payment via Account Payee Cheque only.
- Bank draft available for outstation users.
- Service tax applicable as per government rules.
Subscribers must inform address changes to the branch. Company is not responsible for missed communication otherwise.
Monitor bidding trends and choose the right time to bid. Investment opportunities are also available through company deposits.
All procedures are governed by the Chit Funds Act, 1982. For any issues, contact branch or higher authorities.
Visit Official Website
How It Works
Start your chit journey in 4 simple steps
Joining a Sudhabhagya Chits group is straightforward, transparent, and fully guided by our advisors.
01
Choose Your Chit Group
Select a chit value and duration that aligns with your savings goal and monthly cashflow.
02
Enroll & Submit KYC
Fill the application, submit KYC documents, and our team will verify and onboard you quickly.
03
Pay Monthly Subscription
Pay via UPI, NEFT, ACH, or EasyPay. Track everything from your subscriber dashboard.
04
Bid & Receive Prize Money
Participate in monthly auctions and receive prompt prize-money disbursement when you win.
Subscriber Stories
Trusted by millions across India
“
Sudhabhagya Chits helped me fund my daughter's wedding without any stress. The process was transparent and the prize money was credited on time.
“
I've been a member for 12 years. Disciplined savings + flexible borrowing — it's the best alternative to a regular bank loan.
“
Excellent customer service and a wonderful agent who guided me through every step. Highly recommended for first-time savers.
Recognition
Awards & accreditations
Five decades of trust — recognised by industry bodies, regulators, and most importantly, our subscribers.
🏆
Largest Chit Fund
India's #1 chit fund entity by AUM and subscriber base.
🛡️
Regulatory Compliance
Fully compliant with the Chit Funds Act, 1982.
⭐
Customer Choice
22,00,000+ active subscribers nationwide.
🌐
Pan-India Presence
465+ branches across Tamil Nadu, AP, Karnataka, Maharashtra & more.
FAQs
Questions, answered
Are chit funds legal?
In India, chit fund companies come under the Chit Fund Act, 1982 and hence are legal, registered, and safe. They are different from unregulated deposits and Ponzi schemes. Unregistered chit funds are not legally bound to pay the amount deposited to its members. Hence, they pose a maximum risk of fraud.
Who regulates chit funds?
The Chit Fund Act, 1982 regulates the chit fund companies in India. Under this law, the chit fund business registration can be done only by its respective state governments. The government appoints the Chit Registrar under section 61 of the Chit Fund Act, 1982.
Are chit funds safe?
The registered chit funds are safe as the Chit Fund Act, 1982 regulates them. Under this law, the chit fund business can only be registered by its respective state governments. During the registration, the owner has to pay a security deposit with the registrar of chits, which is 100% of the chit value. The security deposit can only be taken out when the chit fund group closes, and every member is paid what’s due to them. Thus, this regulation protects the money invested by the subscribers. If fraud occurs, the Registrar of chit fund and the concerned State Government can take regulatory action against the chit fund company’s owner. Unregistered chit funds don’t have any legal binding to pay the deposited amount to its subscribers, hence are not safe.
Is chit fund a good investment?
Chit funds have a bad reputation because scamsters have misused them in the past. However, registered and government-run chit funds are one of the best investment instruments as they pay good dividends. Many people, especially from small towns, have benefitted from such schemes.
Is GST applicable for chit funds? Who pays the GST?
GST is applied to the services provided by the foreman of the chit fund. The GST on chit fund was fixed by the GST council during the introduction of GST in July 2017 and is at 12% with ITC of input services.
How do you save yourselves from chit fund scams/frauds?
When you decide to invest in a chit fund company, check the chit fund companies’ list in the chit registrar of the respective state. If the chit company’s name is mentioned in the list, you can invest your money in the company. If the name doesn’t appear in the list of approved chit companies, don’t invest your hard-earned money. Another point to consider here is that whenever anyone approaches you to invest in a scheme where you need to add some members to earn higher commissions, take it as a red flag and stay away from it as it is most likely to be a Ponzi scheme.
Latest from the Blog
View all
Insights & updates
Read article →
Ready to start your Sudhabhagya Chits journey?
Join 22,00,000+ subscribers building wealth the smart way.
