myPaisaa - Digital Chit Funds 2.4.0

Finsave Technologies Private Limited owns and operates the myPaisaa application, a SaaS-based technology platform designed for managing Chit Funds.

It is important to note that 'myPaisaa' functions solely as a technology platform for IBG eChits India Pvt. Ltd. (IBG). Under the regulations stipulated by the Chit Funds Act of 1982, alongside pertinent amendments, IBG operates as an M-NBFC entity subject to oversight by regulatory bodies.

Chit funds are a distinctive financial tool that caters to both saving and borrowing requirements. Positioned as an online chit fund firm committed to transparency, our operational ethos resonates within our auction procedures and payout protocols.

Key Features of myPaisaa:

• We are formally registered as a business entity with the Government of Telangana, India.
• Our operations are overseen by the Registrar of Chits, ensuring that investments are securely protected with a deposit guarantee.
• Registration is streamlined through transparent and digitized processes.
• Effortless document submission facilitated via eKYC and eSign mechanisms.
• Diverse chit plans tailored to meet varied customer objectives.
• Comprehensive chit details easily accessible on the application.
• Regular auctions conducted monthly as per the chit plan specifications.
• All auctions hosted in real-time on the application with immediate winner announcements.
• Dividend and prize money disbursements promptly processed within 24 hours.
• Independent management of chit transactions enabled through the app interface.

myPaisaa Chit Plans:
Designed with individual customer needs in focus, our chit plans are customized to ensure timely goal achievement. Choose from chit plans ranging from 25k to 10 Lakhs, offering 2 to 10 auctions monthly to suit various financial aspirations.

Embark on your savings journey with us today!

Required Permissions:

• Camera & storage – Necessary for image and document uploads related to KYC requirements.

For any product feedback, kindly contact us at [email protected]

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