Chit Fund Software for Registered Chit Fund Companies
We develop chit fund software for registered chit fund companies that want one reliable system for groups, subscribers, monthly auctions, dividend and commission calculations, instalment collection and accounts. It is built for how chit businesses actually run: many groups of different values and durations running side by side, agents collecting door to door, and subscribers who want to know their dues and dividend without calling the office.
Many chit companies in Tamil Nadu and across India still manage groups in an old desktop package or in registers and Excel. That makes month-end painful: working out each group's discount, commission and dividend, matching agent cash with receipts, and preparing the records the registrar may ask for. A well-designed chit fund management system does these calculations the same way every month and keeps a clear trail for each rupee.
The software is designed around the records the Chit Funds Act, 1982 and your state registrar expect, such as group-wise subscriber registers, auction minutes and accounts. Your company and its advisers remain responsible for registrations, approvals and compliance, and we configure the system to match your practice and your state's rules.
Who Chit Fund Software is for
Established chit fund companies
Registered companies running dozens or hundreds of groups across branches, who have outgrown an ageing package and need better reports, controls and online collections.
Growing single-branch chit firms
Smaller foremen companies moving from registers and spreadsheets who want correct auction and dividend calculations and printed receipts from day one.
Companies with field collection agents
Businesses whose agents collect daily, weekly or monthly instalments from shops and homes and need cash, UPI and receipts tracked agent by agent.
Chit firms adding digital services
Companies that want subscribers to see their passbook, pay by UPI, get reminders on WhatsApp and view auction results in a chit fund app on their phone or a web portal.
Features we build
Group and subscriber management
Create groups with chit value, number of tickets, duration, instalment amount and auction day. Enrol subscribers with KYC details, nominees and introducing agent, handle multiple tickets per person, and manage transfers or substitutions with history kept.
Auction management
Record each month's auction or draw with bidders, bid amounts and the winning bid within the limits you set, capture attendance and generate auction minutes. Optional online bidding lets eligible subscribers bid from the app within a fixed time window.
Dividend and commission calculation
The system works out the discount, foreman's commission, dividend per ticket and the net instalment payable for the next month from each auction, using the rules you configure, so every subscriber's due amount is calculated the same way.
Prize payment and surety tracking
Track prized subscribers, the documents and guarantors or security taken before paying the prize amount, deductions for any dues, and the payment itself by bank transfer or cheque, with approval steps before release.
Instalment collection with UPI and receipts
Collect at the counter, through UPI QR or payment links, or by bank transfer. Each payment is matched to the right ticket and month, late fees follow your policy, and a numbered receipt goes out by SMS, WhatsApp or print.
Agent collection app
An Android app showing each agent's collection list, outstanding dues per subscriber, cash and UPI collection, Bluetooth receipt printing and visit notes, with daily cash handover reconciled against the app's records.
Ledgers and accounts
Built-in chit fund accounting software with group-wise and subscriber-wise ledgers, foreman's account, commission income, prize payables, cash and bank books, day book and trial balance, with export to Tally or your accountant's format if you keep books elsewhere.
Reminders and reports
Due-date and overdue reminders by SMS or WhatsApp, auction result messages, and reports for group status, collections, arrears by agent and branch, prized and non-prized subscribers, and registrar-style registers.
From first call to launch
- 01
Learn your chit practice
We sit with your accounts and operations staff to understand group types, auction rules, commission, late fees, receipts and the reports you file or keep.
- 02
Confirm calculations on paper
We take several of your completed groups and reproduce every month's dividend, commission and dues in the new logic until the figures match your records.
- 03
Build in stages
Core groups, auctions and collections come first, followed by the agent app, subscriber portal and messaging, each tested with your team.
- 04
Migrate running groups
Running groups, subscribers, paid instalments and prized status are migrated and reconciled group by group before switching over.
- 05
Train, launch and support
We train office staff and agents, run alongside your old system for a month if needed, and support you under an annual plan.
What you receive
- Web back-office for groups, subscribers, auctions, collections and accounts
- Android agent collection app with receipt printing
- Subscriber mobile app or web portal, if in scope
- Configured auction, dividend, commission and late-fee rules
- UPI, SMS and WhatsApp integrations with providers you choose
- Migrated and reconciled data for running groups
- Role-based access, branch controls and audit logs
- Deployment on your cloud account or server with daily backups
- Source code and user documentation
What Chit Fund Software costs
A single-branch system typically takes 6–10 weeks. A multi-branch system with an agent app usually takes 3–4 months, and a full platform with a subscriber app and online bidding 4–6 months, including migration of running groups.
Chit software for a single branch
₹1.25–3 lakh (≈ $1,800–4,500)
Groups, subscribers, auctions, dividend and commission, counter collections with receipts, ledgers and core reports.
Multi-branch system with agent app
₹3–6 lakh (≈ $4,500–9,000)
Branch controls, Android agent app, UPI collections, SMS and WhatsApp reminders, prize payment workflow and data migration.
Full digital chit platform
₹6–12 lakh+ (≈ $9,000–18,000+)
Subscriber app with passbook and payments, online bidding, custom registers and reports, and integration with your accounting system.
Indicative budgets based on typical projects. Your fixed-price quote depends on scope, integrations and timeline.
Tools and technology we use
- React
- Next.js
- Node.js
- NestJS
- PostgreSQL
- Flutter
- Android
- Redis
- Razorpay
- Cashfree
- WhatsApp Cloud API
- AWS
Why teams choose us
Based in Tiruppur, Tamil Nadu
We are close to many of the chit companies we build for, can meet in person, and understand how chits are run and talked about locally.
Accounting-first approach
Our accounting and fintech work means ledgers, reconciliation and calculation accuracy come first, not as an afterthought to the screens.
Built to your practice
Auction rules, receipts, reports and terms follow how your company works instead of forcing you into a generic package.
You own the software and data
Source code and data stay with you, with hosting on your own cloud account or server if you prefer.
Frequently asked questions
How much does chit fund software cost?
Chit fund software for a single branch typically costs ₹1.25–3 lakh. A multi-branch system with an agent collection app and UPI collections is usually ₹3–6 lakh, and a full platform with a subscriber app and online bidding ₹6–12 lakh or more. SMS, WhatsApp and payment gateway charges are billed separately by those providers.
Does the chit fund management software follow the Chit Funds Act?
It is designed around the records the Chit Funds Act, 1982 and state registrars commonly expect, such as subscriber registers, auction minutes and group-wise accounts, and calculations follow the limits you configure. Rules and formats differ between states, so your company and advisers remain responsible for compliance and should review the setup before launch.
How is the dividend calculated in the software?
After each auction, the software takes the winning discount, deducts the foreman's commission as per your configured rate, and divides the balance among the eligible tickets as dividend. The next instalment for each subscriber is the full instalment minus their dividend. We verify this against your past groups before go-live.
Can subscribers pay instalments by UPI?
Yes. Subscribers can pay through a UPI QR, a payment link sent by SMS or WhatsApp, or inside the subscriber app. Payments are matched to the correct ticket and month through the payment gateway's confirmation, and a receipt is sent automatically.
Does the agent app work without internet?
Yes. Agents can record collections offline in areas with poor signal. Entries sync when the phone reconnects, and duplicate or conflicting entries are flagged for the office to check. Receipts can be printed on a Bluetooth printer at the time of collection.
Can you migrate data from our current chit software?
Yes. We migrate groups, subscribers, paid instalments, auction history and prized status from your existing software or Excel sheets, and reconcile each running group so that dues and balances match before switching over.
Can the software support online auctions?
Yes, as an option. Eligible subscribers can bid from the app during a set window, with bids recorded, time-stamped and visible to the office. Whether and how online auctions fit your registration and state rules is something to confirm with your advisers first.
Do you supply chit fund software outside Tiruppur, such as in Coimbatore, Madurai, Salem, Trichy or Bangalore?
Yes. Our team is in Tiruppur, and we set up, train and support chit companies in other towns remotely, over video calls and screen sharing, with an on-site visit arranged where it is practical. The software is web-based, so branches in different cities work on the same system.
Is the software available in Tamil?
Receipts, SMS and WhatsApp messages and the subscriber app can be provided in Tamil and English. The office back-office is usually in English, with Tamil labels added where your staff prefer.
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Accounting Software Development
GST-ready invoicing, bank reconciliation, multi-currency billing and ERP-lite tools that sync with Tally, Zoho, QuickBooks or Xero.
Mobile App Development
Cross-platform iOS and Android apps in React Native or Flutter, with backend, payments and store launch handled end to end.
We work with clients in India, United States, United Kingdom, Australia, Canada, Europe and New Zealand.
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