Registered Chit Management
Stay compliant with the Chit Funds Act while running efficient operations. iChitty maps every statutory requirement to automated workflows.
From registration to closure — fully covered
Registered chit fund companies face strict regulatory obligations. iChitty ensures your foreman office never misses a filing deadline or statutory register entry.
- Chit agreement drafting & versioning
- Form VII register maintenance
- Security deposit tracking
- Prize money release workflows
- Foreman commission calculations
- ROC filing reminders & reports
Regulatory Dashboard
See all pending compliance items at a glance — upcoming filings, overdue registers, and chit groups approaching maturity. Colour-coded alerts ensure nothing slips through.
Chit Agreement Management
Digital chit agreements with member signatures, version history, and amendment tracking linked to each group.
Security Deposits
Track foreman security deposits per chit group with maturity alerts and refund processing workflows.
Prize Money Disbursement
Multi-level approval for prize money release with bank transfer integration and acknowledgement tracking.
Statutory Registers
Auto-populated Form VII and other registers required under the Chit Funds Act, ready for inspection.
Regulatory Reports
Generate state-specific reports for ROC, registrar of chits, and internal audit requirements.
Audit Trail
Every compliance action logged with user, timestamp, and before/after values for regulatory audits.