What is Chit Fund — Auction Based?
Auction chit software with live bidding and minutes logging, dividend and foreman commission split, defaulter tracking and legal intimation routing.
Chit Fund & Nidhi
Chit Fund — Auction Based
Live bidding, minutes, dividend split and foreman commission
Auction chit software with live bidding and minutes logging, dividend and foreman commission split, defaulter tracking and legal intimation routing.
Key questions about Chit Fund — Auction Based
Who is it for?
Registered chit fund companies conducting monthly auctions under the Chit Funds Act with foreman commission and dividend distribution.
What problems does it solve?
Auction minutes recorded on paper, dividend splits recalculated per subscriber, and defaulter intimation letters prepared one by one.
What it does
Built for how Chit (Auction) actually runs
Live auction bidding and minutes log processing
Dividend calculation and foreman commission split
Defaulter tracking and legal intimation routing
Built around Central and State Chit Fund Act workflows
See it working
Demo videos
Connects with
Integrations
CIBIL
Integration ready
Equifax
Integration ready
WhatsApp
Available through supported providers
SMS Gateway
Live
Voice API
Available through supported providers
Payment Gateway
Available through supported providers
eNACH
Integration ready
NACH
Integration ready
KYC Providers
Available through supported providers
PAN Verification
Available through supported providers
Bank APIs
Integration ready
Google Maps
Live
GPS Tracking
Live
Bluetooth Printers
Live
Email API
Live
Cloud Backup
Live
Availability varies by provider and by what your institution is approved for. We confirm exact scope during the demo.
Next step
See Chit (Auction) with your own numbers
Tell us how you lend and collect today. We'll run the demo against a setup that matches yours, and leave you with access afterwards.
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