The safety of your money depends on the honesty and integrity of the person managing your funds. Vopari Chit Funds has a history of over 2 years of operation and has not defaulted in repayment.

Joining a chit fund forces a person to save a small part of their income, which can be used for planned or unplanned investments or expenditures. In case of a contingency, borrowing from the chit fund is easier, simpler, faster, and cheaper. If a person wants to save till the end, the return through chit dividends is much higher.

Persons who save money and receive the prized/bid amount in the second half of the chit period earn a much higher return (12-18% per year) than their periodic savings kept with a bank.
Those in need of money can raise funds by receiving the prized/bid amount when needed. The interest or chit loss in such cases is much less than the market rates.
Each person who pays their periodic installments on time is entitled to receive the prized amount at a period of their choice, after participating in a lottery/auction.

An auction is a procedure for identifying the non-prized subscriber who wants to take a chit amount at the highest permissible discount. All non-prized subscribers who have paid their installments on time are allowed to participate in the auction, bidding up to the highest auction discount within a five-minute period.ands.

When more than one non-prized subscriber wants to take the chit amount at the same discount, the chit numbers of all such non-prized subscribers are put in a container. The successful bidder is identified by removing one number from the container. This procedure is known as a lot or lottery.

When no member in the chit group is willing to receive the prized/bid amount at the maximum allowable discount, the bidding comes to an open auction. This is known as "coming to open."

Normally, a minimum of three sureties or guarantors other than family members are required. The basic salary or taxable income of all such sureties or guarantors should not be less than 20% of the chit’s future liability.