Welcome to Sri MK Chit Fund Hyd Pvt. Ltd
It’s time to build your funds by investing safely & borrowing easily. We provide chit fund services to help you achieve your financial goals.
- Investment
- Best Chit Fund Company
About Us
Simpler, Faster, Friendlier - Where your money comes back to YOU
Sri MK Chit Fund Hyd Pvt. Ltd is one of the youngest chit fund companies in Hyderabad that began its operations in Nov 2022. The company is certified under the Register Act 1956 and Telangana Chits Funds, Reserve Bank of India. We believe achieving your financial goals should be easy. And that is why we bring you a platform known for its ethical value and timely disbursement of the chits proceeds. A new way to save and borrow funds when you need them the most. We are fully modernised transparent at every stage to support your monetary transactions, and our experienced team is always available if you need any assistance availing our services.
Why Choose MK Chit Fund?
Simpler Finance Schemes
We have designed simple and efficient Chit Fund Schemes to suit the different needs of our subscribers.
Transparent Transactions
We ensure transparency in all our transactions and conduct open auctions in front of subscribers and the public.
Quick Withdrawals
We enable quick withdrawal of our subscriber’s money. You don’t have to wait for the RBI set 45 days period to avail the money.
Chit Schemes
Our Best Chit Plans
We offer various schemes depending on your monthly needs and investment potentials to ensure we’ve got you fully covered.
Chit Scheme 1
- Chit Value - 1,00,000
- Duration in Months - 25
- Monthly Subscription - ₹4,000/-
Chit Scheme 2
- Chit Value - 5,00,000
- Duration in Months - 25
- Monthly Subscription - ₹20,000/-
Chit Scheme 3
- Chit Value - 10,00,000
- Duration in Months - 25
- Monthly Subscription - ₹40,000/-
Chit Funds Working
How Chits Work?
Chit funds consist of a group of people, called subscribers. The organiser can be a registered company or a trusted friend or relative. The organiser takes care of bringing the group together and all its activities. Chit fund acts as a borrowing scheme, where subscribers can access large sums of money. It can also be considered as a saving system, as the subscribers contribute to the funds monthly and get a large sum along with surplus, at the end of the term. Some systems may omit the auction part and instead draw a winner by casting Chits.
Step 1
The fund starts on a fixed date that is agreed upon by the subscribers or the Chit fund company’s policies and will continue for the number of months equal to the subscribers.
Step 2
The money will be paid in instalments every month and an open auction is conducted to determine who will take the fund for the month.
Step 3
The subscriber who bids for the lowest sum can avail pooled funds for the month. And the remaining surplus amount will be distributed to the other members, after subtracting the fees that need to be paid to the organiser.
Step 4
The process repeats and the auction amount is availed by one subscriber every month. All the subscribers, including the ones who took their share previously continue to pay the instalments monthly.
Achievement in Numbers
Our Business Impact
Happy Clients
Chit Plans
Batches Formed
Years of Industry Experience
Let us help you reach your financial goals
Get in touch with us. Feel free to call us to clear your doubts and guide you on Chit Funds.
- 040 7969 1620, +91 77319 36909
- info@mkchitfunds.com
- Plot no.77, H.No.10-1-74/7, 2nd Floor Above Bharath car Decors, OPP N7 Hotel, Kharmanghat Main Road, Sri Ram Nagar Colony, Hyderabad, Rangareddy Dist, Telangana - 500035