Five Lakh

Muthoot Pappachan Chits (India) Private Limited, part of the renowned Muthoot Pappachan Group, brings a legacy of trust, integrity, and financial discipline to the chit fund sector. Incorporated in 2012, the company offers structured chit schemes designed to meet the savings and financial planning needs of individuals, families, and businesses. With a focus on transparency, customer convenience, and reliable service, Muthoot Pappachan Chits helps subscribers build disciplined savings while providing access to funds through its registered chit programs and established branch network. This program can be considered by subscribers planning a compact-car down payment or used-car purchase, premium home interiors, jewellery, an overseas family holiday, a larger celebration, home appliances, solar installation or a comprehensive household upgrade. A 500000 chit fund provides a defined target for people who are financially comfortable with a recurring contribution and want that commitment attached to a visible improvement in their family's quality of life. All monthly installments must be paid on or before the due date each month. Payments received after the chit date will be subject to late payment penalties as prescribed by the company. The auction for each installment will be conducted at the branch where the respective chit program is registered. Subscribers can participate through the Pre-Bid/Proxy Bidding facility, subject to the terms and procedures prescribed. Subscribers are required to comply with all applicable documentation and security requirements (listed below) before receiving the prized amount. This program is designed for individuals seeking disciplined savings and access to larger financial resources through a trusted chit platform.

Frequency

Monthly

Chit ID

B13/5/2026

Foreman commission

5%

Minimum discount

₹25,000

Maximum discount

₹1,75,000

Total tickets

50 tickets