A chitty is a financial savings plan where a group of subscribers contribute a fixed monthly amount and participate in an auction to win the pooled amount.
To join a chitty, choose a plan that fits your needs, and register with us by providing the required documentation.
Chitties offer flexible saving options, potential discounts during auctions, and legally governed, secure financial growth.
Auction winners are decided based on the maximum discount bid. If multiple subscribers bid at the same discount, a draw is held to select the winner.
If you don’t bid, you continue making your monthly contributions, and you can bid in future auctions.
Sukapuram Chits is fully governed by the Chit Fund Act of 1982, ensuring a legally secure and transparent process, minimizing risks.
The Foreman commission is a fee charged by the chitty organizer for managing the chitty, deducted before the auction begins.
Yes, you can participate in multiple chitties based on your financial capacity and goals.