Estimate your bid amount, total discount, foreman's commission, prize amount and illustrative dividend before a chit auction. The calculator shows how the total discount is split and estimates the scheduled payments remaining.
Results update instantly as you type. Nothing is sent to a server.
The total value of the chit.
Total members in the chit.
Always equals the number of members.
Chit value divided by tenure. Fixed by the scheme.
The month in which the subscriber wins the auction.
Percentage of the total chit value.
Total discount includes the foreman’s commission and is capped at 35% of the chit value. Your bid is the total discount minus commission.
Scenarios calculated live from your chit value of ₹5,00,000. The row closest to your total discount is highlighted.
| Total discount | Total discount % | Est. in-hand |
|---|---|---|
| ₹50,000 | 10% | ₹4,50,000 |
| ₹75,000 | 15% | ₹4,25,000 |
| ₹1,00,000 | 20% | ₹4,00,000 |
| ₹1,25,000 | 25%Closest | ₹3,75,000 |
| ₹1,50,000 | 30% | ₹3,50,000 |
Every figure on this page comes from one of these simple formulas applied to the values you enter.
Example inputs: ₹5,00,000 chit value, 50 members over 50 months, auction in month 12, with a 20% bid amount, 5% foreman's commission, and a 25% total discount.
In most chit schemes, members who need money early bid against each other each month. Each bid offers a discount on the chit value, and the highest discount generally wins the prize for that month. Read more about how chit auctions work or browse verified chit fund programs.
The slider sets the total discount. It includes the foreman's commission plus your bid amount. The bid amount is the total discount minus the commission, and the total discount is capped at 35% of the chit value.
Subtract the total discount from the chit value. For example, a ₹5,00,000 chit with a ₹1,25,000 total discount gives an in-hand amount of ₹3,75,000. The 5% commission (₹25,000) is shown separately.
The calculator uses the bid amount (total discount minus the foreman's commission) as an estimated dividend pool and divides it by the number of members. The actual distribution depends on your chit agreement.
Usually yes. Winning the prize does not cancel your future obligations. You normally keep paying the scheduled monthly subscription for the remaining tenure, adjusted per your chit agreement. Use the Chit Calculator to check what subscription fits your income first.
For this estimate, the bid is set to ₹0 in the final auction month, so the total discount is the foreman's commission only. The calculator shows no remaining scheduled months; check your chit agreement for the final payout and any adjustments.
Treat every figure here as an estimate based on your inputs. Your actual payout, deductions and future subscriptions follow the specific chit scheme, auction outcome and signed agreement.
Plan affordability first, then compare verified programs that fit your budget.