About ChitMonks - Empowering Digital
A Chit fund is a kind of savings scheme practiced in India. A chit fund company or Foreman, is a company that manages, conducts, or supervises such a chit fund, as defined in Section of the Chit Funds Act, 1982. According...
A Chit fund is a kind of savings scheme practiced in India. A chit fund company or Foreman, is a company that manages, conducts, or supervises such a chit fund, as defined in Section of the Chit Funds Act, 1982. According to Section 2(b) of the Chit Fund Act, 1982 (Reference form Wiki)
A video is worth more than thousand words. Refer to the link below. Video courtesy from IFMR (Institute for Financial Management and Research) and AIACF (All India Association of Chit Funds).
(http://www.aiacf.com/node/3109)
Chit Funds have been playing a stellar role in the financial inclusion of India because it is easy to understand and participate with Savings as the primary goal before Borrowing
Two main problems in this space are, evading faith and trust on the organizers of this instrument and challenges in administering it.
ChitMonks is using the power of Blockchain technology to decentralize this financial services space and bring utmost trust and transparency in the way India does Chit Funds.
Our Mission is - “To make registered Chit Funds more Accessible, Credible and Rewarding”
Previous Versions
Here you can find the changelog of ChitMonks - Empowering Digital since it was posted on our website on 2016-11-08 19:58:41.
The latest version is and it was updated on 2024-04-19 20:51:49. See below the changes in each version.
ChitMonks - Empowering Digital version
Updated At: 2022-02-10
Changes: 1. UP payment issue with Android 11 devices fixed.
2. Bug fixes related to Push Notifications
ChitMonks - Empowering Digital version
Updated At: 2021-06-04
Changes: Bug fixes and minor improvements
Razorpay payment gateway integration
ChitMonks - Empowering Digital version
Updated At: 2021-03-26
Changes: Bug fixes and minor improvements
ChitMonks - Empowering Digital version
Updated At: 2020-12-03
Changes: Bug fixes and minor improvements done
ChitMonks - Empowering Digital version
Updated At: 2020-10-14
Changes: ChitInsure is launched. Chit Subscribers can avail Insurance for their chits.
ChitMonks - Empowering Digital version
Updated At: 2020-08-12
Changes: 1. Integrated ChitPe UPI payment gateway to improve UPI payments.
2. Notices functionality added
3. Other bug fixes and performance improvements
ChitMonks - Empowering Digital version 4.0.4
Updated At: 2019-09-20
Changes: 1. Payment screens improved.
2. Fixed bugs.
ChitMonks - Empowering Digital version 3.7.0
Updated At: 2018-12-18
Changes: - UI design improvements done in application tracking screen
- Few other bug fixes done
ChitMonks - Empowering Digital version 2.0.0
Updated At: 2016-09-17
Changes: Dear Users,,Thank you for your enquiries online and here comes the big one…,We have made it lot more easier for you to search the chits you want to join ay time, anywhere,Here are some cool things you can do .,1. Search the Chit you need,a. Based on Chit Value,b. Based on Chit company,2. Know how the Chit works,3. Send us an Enquiry for knowing more details.,4. Tracking your Chit has got much better. Check out for more details.,Rate us good if this app helps.,Team ChitMonks.
Disclaimer
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