We believe investing should be a clear and straightforward experience. We build and manage Chit Fund, using technology to keep good and Healthy returns.
Approvals, Auctions, Payments, Winner details etc., everything is online – Fair and Transparent. You can monitor it any time and every time.
We announce chit groups only after obtaining necessary govt approvals and required security deposits.
With online chit funds and larger subscriber reach – investors and borrowers both get higher returns.
To be an organization created by the people for the people giving opportunities in the field of finance and development for a better standard of living.
To create and build societies by developing a culture of financial literacy.
Providing accessible and trustworthy financial solutions through community-driven collaboration and accountability.
Snehabindu Chits was incorporated in October 2021 under the Companies Act, primarily regulated by the Central Chit Fund Act and the rules set by the Karnataka Government. Before starting a new chit group, approval from the Government is required. An agreement with the Registrar of Chits in Karnataka is also mandatory for member safety. The foreman must deposit 100% of the chit value with the Registrar before starting the chit group, and a bid cap of 40% is imposed to prevent uncontrollable bidding. The minimum bid is set at 5% of the chit value, which is the foreman’s commission.
To create and build societies by developing a culture of financial literacy.
“To be an organization created by the people for the people giving opportunities in the field of finance and development for a better standard of living”.
SNEHABINDU CHITS PVT LTD, is a government registered Chit Fund Company registered both under Companies Act and Chit Fund Act.
The Company started in October 2021 with a vision to create societies by developing a culture of financial literacy. To be considered as a financial Institution in India which provides financial services to all segments of the society.
The company has served more than 1000+ satisfied clients spread over Karnataka.
Subscribers now have the luxury of joining a chit, paying installments, participating in an auction, and also receiving the prize amount all at the comfort of their home.
Chit fund offers a unique flexibility to save, borrow using the same instrument. Chit funds enable Inclusive Development, Sustainable Growth. The time has come to make it secured, registered chit funds digital and accessible to every household.
Civil Engineer
I am using the app primarily for saving it's good and customer support is great.
Doctor
Thanks to Snehabindu and special thanks to Team who explained all its benefits.
Doctor
The app is very nice. Team helped me a lot in getting the account activation. On-time credits of the winning amount and dividends. Very fast processing.
Gold Smith
My experience with Snehabindu chit fund has been awesome. I'm impressed with their service. One of the best online chits that we can trust and invest.
Gold Smith
Best financial app in the market compared to other chit fund companies! Free process and minimum documentation!
Doctor
Promt payment good collection boys, Free process and minimum documentation!