FAQ's
Frequently Asked Questions
A chit fund is a savings and borrowing scheme where members contribute a fixed amount monthly. Each month, one member receives the pooled amount either through an auction or a lucky draw.
Yes, H&G Chit Funds Pvt. Ltd. is a legally registered and government-recognized chit fund company, operating under the Chit Fund Act, 1982.
You can join by submitting basic documents (Aadhar, PAN, address proof), signing the agreement, and starting your monthly contributions. Our team will guide you through the process.
Winners are selected through a transparent auction or lucky draw during monthly meetings, in the presence of all members.
Yes, you can join multiple chit groups based on your capacity and financial goals.
Strict action is taken in case of defaults, including disqualification and legal measures. This ensures group safety and trust.