A chit fund is a traditional Indian community savings and borrowing system where members pool a fixed monthly contribution and one member receives the lump sum each cycle through an auction or draw.

Members contribute a fixed amount monthly. Each month an auction is held and the lowest bidder wins the prize money. The discount is shared as a dividend among all members.

Digital chit fund management uses software like Chit Boss to handle member records, collections, auctions, reminders and reports — replacing notebooks and Excel sheets.

Yes. Chit Boss is built for organizers running multiple chit groups and even multiple branches from a single dashboard.

Absolutely. Chit Boss works equally well for small community savings groups and for large registered chit fund companies.

Yes. Registered chit funds are regulated by the Chit Funds Act, 1982 and supervised by State Registrars of Chits.

The Chit Boss Android app is coming soon to Google Play. The web platform is available today.

Chit Boss is built for organizers across India with a focus on Tamil Nadu, Andhra Pradesh, Telangana, Karnataka and Kerala.