Salaried families
Choose a monthly amount you can pay from your salary without strain, ideally under 20% of take-home pay. Good for school fees, functions and savings.
See smaller chitsChit schemes for every budget
Chit groups from ₹1 Lakh to ₹1 Crore. Pick a chit by the amount you need and what you can comfortably pay each month. Every group is registered with the Registrar of Chits, Karnataka.
| Chit value | Duration | Monthly instalment | Maximum bid (30%) | Prize amount | Instalment after dividend | Dividend | Action |
|---|---|---|---|---|---|---|---|
| ₹1,00,000 | 25 months | ₹4,000 | ₹30,000 | ₹70,000 | ₹3,000 | ₹1,000 | Enquire |
| ₹2,00,000 | 25 months | ₹8,000 | ₹60,000 | ₹1,40,000 | ₹6,000 | ₹2,000 | Enquire |
| ₹5,00,000 | 25 months | ₹20,000 | ₹1,50,000 | ₹3,50,000 | ₹15,000 | ₹5,000 | Enquire |
| ₹10,00,000 | 25 months | ₹40,000 | ₹3,00,000 | ₹7,00,000 | ₹30,000 | ₹10,000 | Enquire |
| ₹25,00,000 | 25 months | ₹1,00,000 | ₹7,50,000 | ₹17,50,000 | ₹75,000 | ₹25,000 | Enquire |
| ₹50,00,000 | 25 months | ₹2,00,000 | ₹15,00,000 | ₹35,00,000 | ₹1,50,000 | ₹50,000 | Enquire |
| ₹1,00,00,000 | 25 months | ₹4,00,000 | ₹30,00,000 | ₹70,00,000 | ₹3,00,000 | ₹1,00,000 | Enquire |
All groups run for 25 months with 25 members. The maximum bid is 30% of the chit value, including the 5% foreman commission. Prize amount, dividend and instalment after dividend are shown at this maximum bid; when the winning bid is lower, the prize amount is higher and the dividend is lower. Full terms are in the chit agreement.
Looking for a different amount or duration? New groups start regularly. Tell us what you need. Enquire
Not sure which to choose?
Bangalore families use chit fund investment for very different goals. Start with yours.
Shop owners and traders
A larger chit gives you working capital when the season needs it.
See mid-size chitsPlanning a big goal
A home, a wedding or higher education? A higher-value chit lets you plan the date and the amount.
See larger chitsOur team will help you decide. Call +91 96114 77861 or WhatsApp +91 96114 77861.
Joining MCI takes four simple steps
- 1
Enquire
Fill the form, call or WhatsApp us.
- 2
Get a call
Our team explains the scheme, the auction and your monthly payments.
- 3
Submit documents
At our office or with our representative.
- 4
Join the group
Sign the chit agreement, pay your first instalment and receive your membership details.
Quick answers
Can I join more than one chit?
Yes, as long as the total monthly payment fits your budget.
When are auctions held?
Each group has a fixed auction day every month. Members can attend in person.
What happens if I miss an instalment?
Please inform us early. Late payment terms are as per your chit agreement.
Interested in a scheme? We'll call you.
Leave your number and our team will explain the details. No obligation, no charges for the call.
Chit schemes are governed by the Chit Funds Act, 1982 and the Karnataka Chit Funds Rules. Dividends depend on monthly auctions and are not guaranteed. Please read the chit agreement before joining.