Five Lakh Chit

Since its inception in 2018, Renenet and Tyche Group has focused on delivering customer-oriented financial solutions, building trust, and making financial services accessible to all. The ₹5 lakh chitty scheme helps members meet financial needs such as home improvements, education, business development, emergency expenses, and personal commitments. The scheme runs for 50 months, with a monthly subscription of ₹10,000, a 5% foreman commission, and a 14% late payment fine, subject to applicable scheme terms.

Frequency

Monthly

Chit ID

RT0024/2026

Foreman commission

5%

Minimum discount

₹25,000

Maximum discount

₹1,75,000

Total tickets

50 tickets