Contact Us

For more information, create an account here, you will get a call back soon .

First Name*

Last Name*

Phone Number*

Your Email*

  • Build better savings through Balussery

    Build better savings through Balussery

  • Apply for a loan!

    Apply for a loan!

  • ChitMonks - Your smart chit manager

    ChitMonks - Your smart chit manager

  • Balussery Chit Fund has been professionally managed since 1947.

    Balussery Chit Fund has been professionally managed since 1947.

  • Borrow for education, health, housing, wedding, down-payment... and more!

    Borrow for education, health, housing, wedding, down-payment... and more!

  • Non-Resident Indians can now subscribe to Chit Funds

    Non-Resident Indians can now subscribe to Chit Funds

  • Contact details of our new branch in chennai

    Contact details of our new branch in chennai

Balussery Chit Fund is a leading Chit Fund Company operating since 1947. It is registered under the Chit Fund Acts, 1982 and has successfully served over 3 million subscribers over the years. It's the only Chit Fund to be rated positive by M-CRIL (MICRORATE, Washington).

What is a Chit Fund?

A totally Indian concept, the chit fund system has now won universal acclaim.

Read more…

How do Chit Funds help?

How do Chit Funds help?

The subscribers trust us to take care of their hard-earned money and realize, they can bank on us when

Read more…

Interested in New Chits ?

Interested in New Chits ?

Click here to Apply for a loan!

Why Balussery ?

Why Balussery ?

Financial stability with net owned funds of over INR 90 million.

Read more…

Our Plans

Our Plans

Our chit value is Rs 20K to 75 Lacs (Installment beings 1K to 2.5 Lacs per month).

Read more…

CredRight in the News

CredRight in the News

Fintech Startup CredRight Raises Rs 9 Cr in pre-Series A Funding from YourNest & Accion.

Read more…

Did you know?

Mail Today_Sep 26

RBI has come out with a directive to ban 0% interest rate schemes for purchase of consumer goods; the main reason being, such practices vitiate the transparency in pricing mechanism which is very important for the customer to take informed decision. According to RBI sources “The very concept of zero-percent interest is nonexistent and fair practice demands the processing charge and interest charged should be kept uniform, product or segment wise irrespective of the sourcing channel. Such schemes only serve the purpose of alluring and exploiting the vulnerable customers" In the case of Chit Funds IT IS THE CHIT SUBSCRIBER WHO DECIDES THE RATE OF INTEREST, on a real time basis. That is to say Chit Funds are the best options for liquidity when compare to banks and other intermediaries where the interest rates are subject to fluctuation

Investing in chit funds

Chit Fund is an indigenous financial institution in India. It is also known as chitty, or kuri in India and ROSCA (Rotating Savings and Credit Association) internationally. It was prevalent prior to the evolution of banking and has its origins in South India.

The chit fund Institution has now attained the status of a quasi-banking system. As per a report of Asian Development Bank, in 1986, the turnover of 1066 chit fund was, Rs. 81.6 billion. The estimated turnover of registered Chit companies all over India is Rs 35,000 crores per annum.

Chit fund is a borrowing cum savings instrument. The rate of borrowing is determined by the participants themselves and not by an external agency. The intermediation cost is the lowest when compared to other instruments.