Registered chit fund company · Basavanagudi, Bangalore · since 1990
A disciplined way to save, and a fair way to borrow, backed by 35 years in Basavanagudi.
Virchakra Chits runs regulated chit-fund schemes for families and small traders across Bangalore: fixed monthly savings, transparent bidding, and a payout when you actually need it.
A registered chit fund company, run the way a neighbourhood institution should be.
We connect people from all walks of life with the funds they need, when they need them. Whether you are setting aside money every month for a future goal or bidding for a lump sum in an emergency, our schemes are built to be simple, transparent and fair to every subscriber in the group.
Read about usFour reasons subscribers stay with a chit group
Invest as you need
Choose the chit value and monthly instalment that fits your budget and your goal.
Steady returns
Dividends are earned every month, so non-prized subscribers see a steady reduction in what they pay.
Regular savings habit
A fixed monthly instalment builds the discipline that ad-hoc saving rarely does.
Funds in an emergency
Any subscriber can bid for the pooled amount when the need is urgent, not just at maturity.
Before you enquire
Is my money safe with a chit fund?
It depends on choosing a registered, long-running company. Virchakra has run continuously in Basavanagudi since 1990.
How is this better than a bank RD?
You can bid for the pooled amount before maturity, and the effective borrowing cost is usually lower than market interest rates.
What if I need to withdraw partway?
Withdrawal is permitted; the company arranges a replacement subscriber and you are repaid at the end of the chit period.
Ready to see which chit value fits your budget?
Send us your preferred chit value and duration, or call the branch directly.