Key features

Everything a chit fund needs, in one platform

eChitFund covers the complete chit fund lifecycle - subscribers, groups, auctions, collections, agents, accounting, payroll, online access and legal cases.

Subscriber management

Subscriber details - address, contact, ID proof and photo
Subscriber list area-wise and agent-wise
Label / address list & guarantor details
Subscriber ledger, receipt and welcome letter
Issued & received cheque, bid offer letter, penalties
Credit balance / due & bid payment to subscriber
Credit declaration / rating & NOC

Groups & enrollment

Forms in hand / wish list
Group formation & enrollment
Applicant substitution, remove & transfer member
Bank deposits & reconciliation
Subscription entry / receipt list & business statement
Detailed vacancy report

Auctions & payment

Auction advice, prize payment & cancellation
Re-auction, bid payment & subscription refund register
Refundable and bid-payable outstanding
In-system communication & SMS / message / email to staff
Staff communication with branch manager / head office

Collection management

Daily collection and area-wise collection
Agent / person / code-wise collection
Group-wise collection statement & cheque collection
Monthly analysis & collection machine integration (Standard & above)
Group / collection / branch-wise & company outstanding statements

Agent / introducer management

Agent / introducer commission report (payable / paid)
Agent / introducer-wise enrollment list
Agent adjust payment

Accounting & multi-branch

Account ledger, journal / receipt / payment voucher
Day book, cash book, bank book, trial balance
Profit & loss statement and balance sheet
Centralised, real-time 3-tier architecture (central servers)
Access subscriber data from any branch

Payroll & online access

Salary structure (Basic, DA, HA, etc.)
Monthly payroll with present days, leaves & more
Online login for clients and collection executives
Customers view groups, upcoming auctions, dues, receipts & ledgers
Customers participate in auctions via online bidding

Legal cases management

Customers with legal cases & legal notices management
Dynamic document draft generation & management
Case, advocate and court management
Legal notice, arbitration, Section 138 and more

See these features in action

Book a free, no-obligation demo and we'll walk you through the modules that matter most to your chit fund business.

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