Fair auctions. Live every month.
The heart of every chit cycle. Transparent, fast, member-driven — built so that everyone leaves better off, whether you bid or wait.
Watch how an auction
actually plays out.
This is a simulation of a real chit auction. Members place bids, the lowest bid wins, and the discount becomes a dividend for everyone else. Watch the bid update live.
Pool
₹2.00 L
Members
20
Phase
open
Highest discount offered
₹24,000
by Member #14
Payout to winner
₹1.76 L
Each other member earns
₹1,200
Four principles. Non-negotiable.
A chit auction only works when everyone trusts the process. Here is what we never compromise on.
Visible to all members
Every bid, every member, every cycle — recorded and visible. No back-room allocations.
Lowest bid wins
The member willing to accept the most discount on the pool wins the corpus that month.
Fair share for everyone
The auction discount is split equally among all non-winning members as a dividend.
Recorded & audited
Auction transcripts are stored, signed, and verifiable by any member at any time.
Where every rupee of the bid goes.
When a member wins by accepting a discount, that discount is split three ways — and most of it comes back to the members. Here's a real example on a ₹2,00,000 chit with 20 members.
Winning bid this cycle
₹24,000
Foreman commission (5%)
VSYK's transparent, fixed fee on the chit value
Shared as dividend
Split equally across all 20 members
If you win early
You take home the lump sum now — the chit value minus your bid — exactly when you need it for a big goal or emergency.
₹1,76,000
paid out to the winner
If you wait
Every cycle you don't win, you earn a dividend that quietly lowers your cost — rewarding your patience month after month.
₹700 /month
back in your pocket, this example cycle
Everything you wanted to ask.
From beginners to long-time members — here's what people ask us most often. Need more clarity? Talk to an advisor.
A chit fund is a community savings scheme where a fixed group contributes a set amount each month. The pooled amount is then awarded each cycle to the member who places the lowest bid — and everyone else earns a share of the discount as a dividend.