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Non eChits eChit
You have to identify the right Chit Fund company We curate the best and work out all the terms on your behalf
Joining formalities are opaque / Not clear Everything related to your Chit process is clearly explained before joining
You need to depend on the foreman / Agent for everything that matters in Chit and visit branches multiple times. Auctions, Payments, Service, Trust and everything that matters is at your finger tips
Acutions are conducted mostly in branches ONLY You have the facility to bid ONLINE ALSO along with going to branches.
Chit information is not readily available Complete chit info ( payments done, dividends, Bids) is available on your finger tips
You are not sure if the Chit is registered with the registrar or not We make sure only registered Chit groups are served to you.
Demands more time from you on activities Everything can be done at your finger tips at your convenient time in a 24X7 scenario.
Service is not satisfactory to many subscribers We guarantee the service from ChitMonks
No means of planning your future bids You can plan your bids based on reinvestment options in our app.
No means for financial planning Tools for financial planning and interest calculators available
No benefits are passed for your rightful payment structure We carry on your payment history and build your credit profile to give your more benefits
  eChit MF RD
Ease of selection Easy Difficult Moderately easy
Product understanding Easy Difficult Easy
Return 12-14% 10-15% 6-7%
Risk Medium High Low
Ability to borrow Available Not available Not available
Financial discipline Helps you to continue Drop out risk is high Drop out risk is high
More money than you save At any point of time you will get a lot more money than you saved At most you will get 10-15% returns on your money but considerable risk of losing principal also Only money what is saved minus discontinuation charges

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