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Why Sree Tirupathi Venkatachalapathi (STV) Chit Funds?

Rooted in trust & integrity We prioritize ethical and fair business practices. Enjoy the benefits of our customer-friendly support teams, save well, and get the ultimate peace of mind. Chit plans for every life goal Every individual’s life goals are different. Therefore, we offer our subscribers a variety of chit fund options to choose from, each serving different life goals.

How does a chit fund work?

Ans: Chit Funds are a popular savings and borrowing platform comprising a group of subscribers/members. Each subscriber contributes a fixed amount on a monthly basis to a common pool known as the ‘pot’ or ‘chit value’. Every month, an auction is held, and members bid for a discount on the chit value.

Are my contributions safe?

Ans: Absolutely. All collections are managed under strict regulatory supervision, and our processes ensure transparency and security at every stage of the chit cycle.

Who can join a chit fund with STV?

Ans: Any individual who meets our basic eligibility criteria and complies with KYC requirements can become a member. We also have plans tailored for salaried individuals, small business owners, and self-employed professionals.

What happens if a member fails to pay his/her dues on time?

Ans: In case of non-payment, late fees or penalties may apply as per the chit agreement. Continued default can lead to disqualification from the group, and legal action may be initiated to protect the interests of other members.