Bhagavathi Chits Pvt Ltd

Before starting a chit group, Bhagavathi Chits places a fixed deposit equal to the chit denomination with the Registrar of Chits. Payments and payouts are handled via cheques, and prized money is released only upon receipt of proper securities to cover future installments.

Chit groups range from 2 Lakhs to 1 Crore with monthly installment amounts starting from 10,000 rupees to 2,50,000 rupees. The duration of the chit groups varies from 20 months to a maximum of 40 months.

Bhagavathi Chits accepts payments through cheques and via UPI collection using QR codes on their website, alongside doorstep collection services provided by trusted agents.

Subscribers opting for vacant chits at Bhagavathi Chits are eligible for all the dividends that have been declared from the beginning.

Yes, subscribers can have multiple tickets in the same chit group, though the actual number of chits is subject to the foreman's discretion. Subscribers can also join several chits of different denominations.