The chit cycle, end to end.
A clear, narrated walkthrough of every step — from joining your first chit to receiving the corpus and continuing to earn dividends.
1 · Choose & Join
Pick a chit value, tenure, and start month. Complete a quick KYC and you're a member.
Most members complete this in under 15 minutes — bring your PAN, Aadhaar, and a bank reference.
2 · Pay Monthly
A fixed amount goes into the chit pool every month — by UPI, NEFT, or auto-debit.
Get a digital receipt and SMS confirmation in seconds. Track everything in the VSYK app.
3 · Bid in Auction
Each month, members can bid for the pool. The lowest bidder wins the lump sum that cycle.
Auctions are conducted live in-app or on-site. Every bid is logged and visible to all members.
4 · Get Your Corpus
The winner receives the chit value (minus their bid). Funds settle to your bank within 48 hours.
Use it for tuition, surgery, business — anything. No restrictions, no usage proofs needed.
5 · Earn Dividends
Even if you don't bid, you receive a share of the discount as a dividend each cycle.
The non-winning members collectively split the bid discount — that's your compounded reward for patience.
Get ready in 15 minutes.
Have these handy and you can be a member by the end of your tea break.
PAN & Aadhaar
For KYC compliance
Active mobile number
For OTP and app access
Bank account
For installments & payouts
Monthly capacity
Pick what fits your budget
Four payment options.
Zero processing charges.
UPI
Instant, zero charge — for monthly installments
Auto-debit
Set once. Forget. Never miss a cycle.
Net banking
Direct from any major bank in India
Cash at office
Visit our office for in-person payment
Set it once.
Never miss a cycle.
Members who enable auto-debit see the most disciplined savings outcomes — and earn a small loyalty dividend at the end of the chit cycle. We support every major bank.
Talk to an AdvisorPatience that earns interest.
When the auction winner accepts a discounted lump sum, the discount is divided equally among all non-winning members and added to their next installment.
Over a 20-month chit, the cumulative dividend can meaningfully offset your monthly contribution — making the effective rate of saving very competitive.
Example · Horizon 2L
Monthly: ₹10,000
Auction discount₹24,000Members20Dividend / member₹1,200
Illustrative example. Actual dividends depend on the winning bid each 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.