ChitMonks 4+

Pangean Global Services Private Limited

Designed for iPad

    • 5.0 • 2 Ratings
    • Free

Screenshots

Description

A Chit fund is a kind of savings scheme practiced in India. A chit fund company or Foreman, is a company that manages, conducts, or supervises such a chit fund, as defined in Section of the Chit Funds Act, 1982. According to Section 2(b) of the Chit Fund Act, 1982 (Reference form Wiki)

A video is worth more than thousand words. Refer to the link below. Video courtesy from IFMR (Institute for Financial Management and Research) and AIACF (All India Association of Chit Funds).

(http://www.aiacf.com/node/3109)

Chit Funds have been playing a stellar role in the financial inclusion of India because it is easy to understand and participate with Savings as the primary goal before Borrowing

Two main problems in this space are, evading faith and trust on the organizers of this instrument and challenges in administering it.

ChitMonks is using the power of Blockchain technology to decentralize this financial services space and bring utmost trust and transparency in the way India does Chit Funds.

Our Mission is - “To make registered Chit Funds more Accessible, Credible and Rewarding”

What’s New

Version 37.0.2

- Bug fixed on making payment via Razor Pay

Ratings and Reviews

5.0 out of 5
2 Ratings

2 Ratings

ShiAdi111 ,

Excellent

Excellent user experience. One stop place for chits shopping.

App Privacy

The developer, Pangean Global Services Private Limited, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.

Data Not Collected

The developer does not collect any data from this app.

Privacy practices may vary, for example, based on the features you use or your age. Learn More

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