Chit Funds: A Smart Savings and Investment Tool for Everyone

Chit funds are a traditional financial tool offering a unique blend of savings and investment. By pooling money from a group of members, chit funds provide both a systematic savings option and access to a lump sum for large expenses or investments. Popular in India, they offer flexibility and can be a good alternative to formal banking systems. Learn how chit funds work, their benefits, risks, and why they remain a popular financial option for people seeking liquidity and savings.