Call Us
8904288814
Email Us
info@kcfa.in
Our Working Hours
Mon - Sat: 9.30 am - 6.30 pm
Karnataka Chitsters' Association was started by Sri. Basappa Shetty along with Sri. Gangadharaiah in the year 1978. The name of the association at the time of formation was “Karnataka Chit Promoters & Financier’s Welfare Association”, & the office was in Jumma Masjid Road, Bangalore
Chit Funds is a 1000 years old financial instrument intimately connected with millions of people in developing countries. Chit Funds is in practice in India, Central African countries, China, Pakistan and other south-east Asian countries. Chit Funds is popular among the low-income group, self-employed and salaries class. A study by the institute for financial management and research (IFMR) has found chit funds prove to be successful providing an innovative access to finance for low income households. Study was conducted in India. Study was funded by Bill & Melinda Gates Foundation.
Chit Funds is a 1000 years old financial instrument intimately connected with millions of people in developing countries. Chit Funds is in practice in India, Central African countries, China, Pakistan and other south-east Asian countries. Chit Funds is popular among the low-income group, self-employed and salaries class. A study by the institute for financial management and research (IFMR) has found chit funds prove to be successful providing an innovative access to finance for low income households. Study was conducted in India. Study was funded by Bill & Melinda Gates Foundation.
The list of documents will be mentioned clearly to begin your membership. In case of doubts, our agents will guide you throughout the process
We enable instant approval of prize money for our prized subscribers. You don’t have to wait for the 30 days period to avail the prize money.
We have designed simple and efficient Chit Fund Schemes to suit the different business needs of our subscribers.
In case of change in commitments you can withdraw from our financial schemes in accordance with our company policies and Chit Fund Act 1982
We ensure transparency in all our transactions and conduct open auctions in front of subscribers and the public.
