Of all the best online chit funds,
myPaisaa is the most credible!



Welcome to myPaisaa

The myPaisaa App is your one-stop antidote to the wide range of traditional & unorganized chit funds. Bringing technology to India’s original form of savings, myPaisaa is broadening the horizon when it comes to saving mindfully. Thus, on our way to becoming one of the Best online Chit Funds.

For years, chit funds have been rendered with skepticism; especially when it comes to the safety and credibility aspect of chit funds. But we at myPaisaa are changing that perception with our 100% digital chit fund App! Reliant, intuitive & easy-to-use, the myPaisaa App has various chit plans in store for you to get started with your savings journey with the Best online Chit Fund in India.
Of all the best online chit funds in the market, what truly sets myPaisaa on a pedestal is by digitizing and automating the processes.

Apart from the digitized aspect and the low commission, what else makes us one of the best online chit funds in India, is the credibility aspect.
What makes myPaisaa the most credible chit fund?

mypaisaa

Registered and Recognized

es, we’re not only one of the best online chit funds but the most trusted too. With legally sound licenses and certifications in place, we are recognized by the Indian Government. And we are also backed by The Dept. for Promotion of Industry and Internal Trade and the Bharath Inclusion Initiative. It supports startups that develop solutions for the low and middle-class income category.
mypaisaa

Administered by T-chits

Our Chit Fund is regulated by the Telangana Registrar of Chits. T-chits is a unique way of administering chit fund businesses in the state. It basically enables chit fund companies and the Registrar of Chits to be bound contractually so that the Registrar can verify and keep a tab on the chit Funds registered under Telangana Registrar of Chits. This means that every chit of ours is T-Chits verified. The Registrar of chits works to ensure investors are protected. Hence, every chit is thoroughly verified.
mypaisaa

RazorPay Affiliation for Payments

We are one of the best online chit funds in India as we’re the only Chit Fund to have Razor Pay onboard! Yes, India’s most trusted and popular Payment Gateway has partnered with us for processing payments. With Razor Pay, comes the promise of quick payments and the trust that we’re ensuring credibility at every step of the way.
mypaisaa

Chit Fund Act Compliant

The Chit Fund Act was brought about in the year of 1982 to regulate and establish set rules when it comes to chit funds. This Act of Legislature ensures the protection of investors and sets the rules for organized chit funds, basis on which they can conduct their operations. Hence, to be one of the best online chit funds, it is important for the entity to be compliant with The Chit Fund Act and ours is.
mypaisaa

Attest virtually with e-Sign

Being one of the best online chit funds, comes with the responsibility of being paperless. Hence, by affiliating with e-Sign, we are enabling customers to sign digitally in order to complete the documentation required to join myPaisaa. Moreover, e-Sign is legally valid as it operates under the provisions of the Second Schedule of the IT Act.
mypaisaa

Leadership Team

myPaisaa operates under the leadership of able professionals who jointly strive to bring innovation in the space of Chit Funds. The Founders of myPaisaa are Veera Praveen Reddy who is an IIM Ahmedabad Graduate and has worked at Chit Monks and Ravindranath Kamma who is the ex-CEO of Mahindra Group Company with over 15 years of corporate experience. With their vision and mentoring, myPaisaa is sure to become one of the best online chit funds.
Get started with your savings/borrowings journey!


It’s extremely easy to get started on myPaisaa:

step 1

Download the myPaisaa App on Playstore or iOS.

step 2

Complete your KYC digitally.

step 3

Choose the chit plan that suits your needs.

step 4

Submit your income proof documents.


myPaisaa is the most customer-friendly and undoubtedly one of the best online chit funds! With over 10,000 customers and an auction turnover of Rs 200cr, we’re quickly becoming the most favoured online chit fund App. Invest and watch your savings grow peacefully at myPaisaa.

FAQs


What makes myPaisaa one of the best online chit funds?

myPaisaa is a simple app that enables you to build your savings by investing in goal-based chit plans. With this app, you get complete control over your chit plan. Unlike traditional chit funds, myPaisaa makes it easy to save for your goals, while giving you the option to borrow from your savings in case of emergencies.

There are 4 main advantages of investing in chit funds:

  • Chit fund is the only financial instrument that allows customers to save and borrow from their own funds.
  • Chit funds are one of the oldest forms of investments used by households to grow their money. Today, with FDs and RDs offering low-interest rates of 5-6%, chit funds have become a much more attractive investment that offers more returns, and more value for money.
  • Chit funds bring discipline to both the saving and borrowing activities of individuals. While the money you set aside for chit funds may be low, you'll definitely see steady growth and a clear path to achieving your financial goals.
  • Borrowing through a chit fund company in Bangalore is very easy and effective. As you're essentially borrowing from your own savings, the rate of interest is lower than market rates and can be as low as 0% depending on when you borrow from your plan. Hence, an Online chit fund App like myPaisaa is a reliable source of funds for emergencies.

When it comes to safety, myPaisaa is the safest and the best online chit fund in India. At myPaisaa, we offer bank-level security for your account. We have enterprise-grade security measures in place to ensure that every detail, including personal and investment details are kept secure. Also, all chit plan information is reported to ROC, Telangana, so that you can visit the official T-Chits website and verify the chit details.

You need to submit KYC documents that include your PAN and Aadhaar card to join a chit plan. If you are a salaried person – 6 months Bank statement and 3 months payslips. If you are a business owner 6 months Bank statement, ITR & any one of -Business licenses/GST/Rental Agreements.
If your residential address is different from the address on the Aadhaar card, then we'll require address proof as well.