Do not invest in chit funds without knowing how it works. Here is all you need to know about investing in them.

Now chit funds are trying to carve out a cleaner identity, a campaign that culminated in a slew of amendments to the Chit Fund Act. These c...

Minister of state for finance and corporate affairs Anurag Singh Thakur said a government-constituted key advisory group (KAG) and the parl...

The sector is facing competition from alternative savings/investment products, which are better packaged and marketed more aggressively.

The Union Cabinet chaired by Prime Minister Narendra Modi today gave its approval to introduce Banning of Unregulated Deposit Schemes Bill,...

The Rs 35,000-crore chit fund industry – which runs mostly on cash — is living in constant fear of coming under the income tax scanner.

The consumer affairs department has started a campaign against these chit funds which are operating on a small scale in various parts of Be...

According to the Union Budget 2015-16, presented in the Parliament today by Finance Minister Arun Jaitley, chit fund foremen would have to ...

The Standing Committee of Parliament on Finance is inclined to seek scrapping the Chit Fund Act of 1982, in the wake of the Saradha and sim...

The Parliamentary Standing Committee on Finance closely scrutinised the functioning of such schemes which recently led to a series of suici...

Tamil Nadu Chit Fund Companies Association President Y S Mathivanan said people wrongly associated ponzi schemes with chit funds.

The Centre today said it has no role in governing Chit fund business, which is regulated by state governments.

As many as 87 companies have come under the scanner for alleged irregularities related to chit fund schemes and money circulation in the ga...

Mutual funds and insurance companies have found a new ally in chit funds, a traditional savings scheme, for reaching out to small-town inve...

Nagaland, Haryana, Tripura, and Arunachal Pradesh are the other states that will come under the Act, providing a cushion for small savers w...

Chit funds, the age old form of finance, are said to be popular among the low income groups, self employed and salaried class.

Vishi schemes, community saving schemes popularly known as kuries outside Gujarat, and small unregistered chit funds that invest in stock m...