Auction Chit Management
Conduct transparent, efficient auctions with real-time bidding, automatic dividend calculations, and instant member communication.
Real-time bidding that members trust
iChitty's auction engine handles the complexity of chit auctions — bid validation, minimum bid rules, dividend distribution, and auction minutes — so your staff can focus on member relationships.
Auction Scheduling
Schedule auctions by chit group with automatic member notifications via SMS and WhatsApp before the event.
Live Bidding
Staff-entered or member-app bids with real-time validation against minimum bid and group rules.
Auto Dividend Calculation
Instant dividend computation for all non-prized members based on winning bid amount and group parameters.
Auction Minutes
Auto-generated auction proceedings with bid history, winner details, and dividend breakdown.
Member App Bidding
Members can participate in auctions directly from the customer app with OTP verification.
Auction Analytics
Historical bid trends, average discount rates, and group-wise auction performance reports.