The Trust Of A Generations-Old System. Built For Today's Financial Needs.
For generations, chit funds have helped families save consistently while giving them access to funds when they needed them most.
At B.L.K. Chits, we’ve modernised that trusted system with transparent auctions, clear documentation, registered batches, and complete accountability.
No unnecessary complexity. No market uncertainty. Just disciplined saving with the flexibility life sometimes demands.
WHY THOUSANDS OF INDIAN FAMILIES STILL CHOOSE CHIT FUNDS
Savings alone aren’t always enough. Loans often come with lengthy approvals and interest costs. Many investments are designed for long-term growth, but they may not provide the flexibility you need when immediate funds are required.
A registered chit fund bridges both worlds, helping you build disciplined savings while giving you the flexibility to access funds whenever required during the tenure.
Why Choose Us
Savings Should Work Harder
No Market Risk
Your returns aren't riding the stock market's mood swings. Chit values come from live auctions, not speculation.
Dual Benefit: Save + Borrow
Every installment you pay works twice. It builds your fund and it keeps the door open to bid early whenever you need cash.
Designed To Deliver Strong Value
Historically, well-managed chit groups have delivered effective annual returns in the range of 11.5%–13%, depending on auction outcomes.
Financial Flexibility When It Matters
Need funds before your tenure wraps up? Bid in the auction and unlock your lump sum early.
Why Choose A Chit Fund Over Traditional Savings?
Traditional Savings
Save every month
Wait until your goal
Fixed growth
No borrowing benefit
Investment & Savings @ B.L.K.CHITS
Save every month
Option to access funds early
Competitive returns based on auctions
Save and access funds in one system
How Chit Funds Work
Four Simple Steps. One Smart Financial Habit.
Join a Batch
Pick a chit value that matches your goal. ₹3 Lakhs, ₹5 Lakhs, ₹12.5 Lakhs, Or ₹25 Lakhs whatever fits your budget.
Pay Your Monthly Installment
Pay a fixed monthly installment throughout the 25-month tenure, building disciplined savings while remaining eligible to receive the chit amount during the auction process.
The Auction Happens Every Month
Members who wish to receive the chit amount early participate in the monthly auction. The successful bidder receives the pooled amount as per the auction rules.
Everyone Gets Their Turn
Whether you take your share early through a bid or wait it out for the full value, every single member gets paid once during the tenure.
How Chit Funds Work
Choose a Batch That Matches Your Goal
Whether you’re saving for a personal milestone or building financial security, there’s a chit batch designed to match your monthly budget.
Why People Trust Us
Trust Isn't a Tagline Here. It's Earned, Year after Year.
Fully Regulated, Fully Accountable
BLK Chits operates in full compliance with the Chit Funds Act, 1982 — enforced in Karnataka since 1983. Every chit batch is registered with the Registrar of Chits, and every auction is conducted strictly as per statutory regulations.
Transparent Auctions
Members have complete visibility into every auction process. No hidden bids, no closed door decisions.
Clear Documentation
From enrollment to payout, every member gets clear documentation. No confusion about dues, discounts, or disbursal.
A System Trusted Across Generations
Chit funds have supported Indian households for generations. We're simply carrying that legacy forward with modern accountability.
FAQs
What exactly is a chit fund?
A chit fund is a group savings and borrowing system. A fixed group of members pays a set installment every month. Each month, one member receives the pooled amount early through an auction, and eventually every member receives their share by the end of the tenure.
How is a chit fund different from a mutual fund?
A mutual fund only lets you save and grow money based on market performance. A chit fund lets you save and borrow from the same pool, with returns shaped by auction activity rather than market swings.
Is my money safe?
B.L.K. Chits operates under applicable Chit Funds Act 1982 — enforced in Karnataka since 1983 regulations, with registered documentation for every batch and fully transparent monthly auctions.
What if I need money urgently?
That’s the real advantage of a chit. You can bid in the monthly auction to access your lump sum early instead of waiting until the tenure ends.
What returns can I expect?
Returns depend on auction activity within your specific batch. Historically, well run chit groups have offered effective returns between 11.5% and 13%, though this isn’t guaranteed and varies by batch.
How long is a typical tenure?
Our current batches run for 25 months, matched to face value of the chit and its members.
How can I pay?
You can pay through NEFT, RTGS, Cash or Cheque.
When are auctions conducted?
On the basis of which batch you are joining, generally conducted between 1st and 15th of every month.
Can I join more than one batch?
Yes. Many members choose multiple chit values depending on their financial goals.
How the prized Subscriber is ascertained?
By lot, if more than one subscriber bids the maximum permissible amount or the same amount, or by open auction to the highest bidder.
What is transfer?
The existing subscriber for any reason wants to discontinue and brings a new client by himself is called transfer. In such an event the amount standing credit in his account will be transferred to the new client.
Is GST applicable to chit fund?
Yes, GST is applicable, and the applicable GST rate will be charged at the time of payment.
Testimonials
Let's Find The Right Chit For You
Talk to our team, find the batch that fits your goals, and join a system that’s helped families save and access cash on their own terms.