Our Chit Fund Interest Calculator helps you find out how much profit or interest you earn when joining a chit fund. Simply enter your total months, current month, monthly contribution, total deduction, and commission rate, and get instant results.
This calculator automatically shows:
- Total chit value (pot amount)
- Commission charged by the foreman
- Net dividend (profit)
- Received amount after bidding
- Remaining months and monthly return
- Effective monthly and annual interest rate
It’s the easiest way to understand your real chit fund return percentage — without any manual math.
How Chit Fund Interest Works
A chit fund is a traditional savings and borrowing system where a group of people contribute a fixed amount every month. Each month, one member gets the collected amount after deduction (called discount or thallippu) and commission.
For example:
If your chit value is ₹5,00,000 and you bid ₹4,00,000, the discount (₹1,00,000) is distributed among all members after deducting the company’s commission. The earlier you take the amount, the lower your net return; the later you take, the higher your return.
Why Use a Chit Fund Calculator?
Manually calculating interest and profit in a chit fund can be confusing.
This calculator helps you:
- See the true rate of return on your chit.
- Understand how much you gain or lose each month.
- Compare your chit fund profit with a bank FD or loan interest rate.
- Make better financial decisions before investing or bidding.
Compare Chit Fund vs Bank Interest
Our comparison tool lets you check if your chit fund returns are higher or lower than a fixed monthly or annual bank interest rate.
Simply enter your bank interest rate (%), and the tool shows:
- Total profit from your chit fund
- Expected profit from a bank investment
- Difference in earnings (positive or negative)
This feature helps you decide where your money performs better — traditional chit fund or bank deposit.
How to Use the Calculator
- Enter the total months of your chit (e.g., 25 months).
- Enter the current month (the month of bidding).
- Add your monthly contribution (e.g., ₹20,000).
- Enter total deduction (the amount reduced from your chit).
- Set the commission rate (usually 5%).
- Click Calculate to see detailed results.
- Optionally, compare with another monthly interest rate.
You’ll instantly get your monthly and annual effective interest rate, along with all key values.
Understanding the Results
- Total Pot: The full chit amount (Total months × Monthly amount).
- Commission: The organizer’s fixed percentage of the total chit value.
- Net Dividend: Your actual savings after the commission.
- Received Amount: The amount you take home in the current month.
- Remaining Months: Period left to pay your monthly installments.
- Kasar Amount: Average profit distributed per month.
- Katta Amount: Final monthly amount after all adjustments.
These numbers help you evaluate whether the chit fund is profitable or risky at your bidding stage.
Frequently Asked Questions (FAQ)
1. What is the ideal commission rate in chit funds?
Most chit fund companies charge around 5% commission, but it can vary depending on the scheme.
2. What is a good monthly interest rate in chit funds?
It depends on your bid month. Usually, returns range between 1% to 3% monthly, translating to 12–36% annually.
3. Can I compare my chit fund return with a bank deposit?
Yes! Our calculator shows the difference in total profit between your chit and a bank’s monthly interest rate.
4. Does the calculator include foreman commission?
Yes, the commission is calculated based on the total chit value, so you get the actual net return.
Start Calculating Your Chit Fund Returns Now
Use our Chit Fund Interest Calculator to know exactly how much you earn or save in your chit fund scheme.
It’s fast, accurate, and perfect for individuals, agents, and chit companies who want transparency in returns.