Ten 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. For one subscriber, 1000000 could mean the first family car. For another, it could mean opening a shop, creating a professional practice, beginning construction of a home or taking the first serious step towards overseas education. This program is built around that level of ambition: a goal large enough to change the next chapter of life, approached through structured monthly financial planning. 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

B5/124/2026

Foreman commission

5%

Minimum discount

₹50,000

Maximum discount

₹3,00,000

Total tickets

40 tickets