About Us

IBG eChits is the first registered digital chit fund company in India. We have been the game changers of chit fund market in India by replacing traditional practices with digital practices. Every transaction is digitized and is online. We leveraged on miracles to Technology to enable trust and transparency in chit funds.
IBG is registered with government and is 100 percent compliant with Chit Fund Act. We offer a level-playing and transparency to bids unlike traditional methods where opaque deals land you in confusion and chaos.
IBG is driven by the best brains of the finance and technological industry who have directed their efforts in delivering an ideal chit fund platform that completely takes away the pain and pangs involved in the traditional system. IBG requires no sureties and provides the most hassle-free process at every stage of association. This has been helping customers invest more trust and money as IBG helps them reap benefits quickly with least paper work, multiple and online live auctions, faster digital benefits and a 24/7 customer assistance.

Why eChits?

eChit
Mutual Fund(SIP) Recurring deposit
Ease of selection Easy Difficult Easy
Product understanding Easy Difficult Easy
Return 12-14% 10-15% 6-7%
Risk No risk High No Risk
Ability to borrow Available (lower than market rate) Not available Not available
Principal Guarantee Guaranteed Risk of losing principal Guaranteed
Financial discipline Helps you to continue investing Drop out risk is high Drop out risk is high
More money than you save At any point of time you
will get a lot more money than you saved
At most you will get 10-15%
returns on your money but considerable risk of losing principal also
Only money what is saved
minus discontinuation charges
Regulator Registrar of Chits SEBI RBI

Why IBG eChits?

Traditional Chit companies IBG eChits
TRUST is the BIG Issue Our core principal is TRUST and TRANSPERANCY.
Joining formalities are opaque / Not clear Everything related to your Chit process is clearly explained before joining. We do Welcome call to customer from a recorded line and explain all the details abt the chit before starting the group.
You need to depend on the foreman / Agent for everything that matters in Chit and visit branches multiple
times.
Auctions, Payments,Service, Trust and everything that matters is at your fingertips. No need to visit our office there by saving on your valuable time.
Auctions are conducted mostly in branches ONLY You have the facility to bid ONLINEalso along with going to branches. So now you can participate from your home/office or while travelling.Just open our app and start bidding
Auctions are conducted in most opaque manner Auction is live and history can be accessed during entire chit period. NomoreRigging of Auctions.
Lengthy and cumbersome Surety  process. Only Govt employee sureties are accepted Simple process. We do not insist on Govt employee surety. After 5th Month sureties are not required if your monthly income sufficiently satisfies chit payment.
Only one auction per month. Customer has to wait for a month for next chance. Moreover no Auction in second month. For ex. In first 3 months here
customer will have only 2 auctions
Multiple auctions every month. Most of the time customer can get money in the same month of his/her need. For ex: In first 3 months here customer will have 5 auctions
Lot of random and adhoc charges Very simple and small charge structure. Digital benefits are passed on to customer. For ex in a 5L-25 month chit, Rs 2500 benefit is passed on to customer by third month itself.
Chit information is not readily available Complete chit info (payments done, dividends, Bids) is available on your finger tips
You are not sure if the Chit is registered with the registrar or not All the registration documents for each Chit are kept online. They can be easily accessed and verified through our app
Demands more time from you on activities Everything can be done at your fingertips at your convenient time in a 24X7 scenario.
Service is not satisfactory to many subscribers We have dedicated Customer service team - a first in industry
No means of planning your future bids You can plan your bids based on reinvestment options using our Bid calculator provided in our app.
No means for financial planning Tools for financial planning and interest calculators available