Shree Samudyatha Samruddi Bharat Chits Private Limited, Chit fund is a saving scheme that is prevalent in India. A chit fund company is a corporation that governs, handles, or deals with such a chit fund, as defined in Section 2(b) of the Chit Funds Act, 1982. According to Section 2(b) of the Chit Fund Act, 1982. We are dealing with the chit funds auction where people can access our chits with less amounts of auctions. Savings and loan institutions also referred to as S&Ls, thrift banks, savings banks, or savings institutions–provide many of the same services to customers as commercial banks, including deposits, loans, mortgages, checks, and debit cards to those people who have limited access to banking facilities. Chit funds are a popular type of savings institutions in India. It is one of the main parts of the organised money market industry. It refers to an agreement arrived at by a group of individuals to invest a certain amount through periodic instalments over a specified period of time.