Last Updated: [11th December 2025]
These Terms & Conditions (“Terms”) govern your use of the Karthikeya Chits website and participation in our chit groups.
By accessing our website, submitting your details, or joining any chit plan, you agree to these Terms.
1. Membership Eligibility
To participate in any chit group, you must:
- Be at least 18 years old
- Provide accurate personal information
- Agree to follow the rules of the chit group you join
Karthikeya Chits reserves the right to approve or decline membership.
2. Chit Group Rules
All chit groups operate under predefined rules, including:
- Monthly contribution amounts
- Auction/lot process
- Payout sequence
- Payment timelines
Members must read and understand these rules before joining.
3. Payments & Contributions
- Members are responsible for making monthly contributions on or before the due date.
- Late payments may result in penalties or loss of bidding eligibility for that month.
- Consistent non-payment may result in removal from the chit group as per rules.
Payment methods may include bank transfer, UPI, cash (as permitted), or other approved modes.
4. Auctions & Payouts
- Payouts are based on the monthly auction or lot process, depending on the chit group type.
- The highest eligible bidder or selected member (in the case of a lot) will receive the payout for that cycle.
- All payouts require necessary documentation and verification.
Karthikeya Chits does not guarantee any specific financial outcome; all payouts follow the agreed monthly process.
5. Duties of Members
Members agree to:
- Provide valid identification documents
- Maintain updated contact details
- Attend meetings when required
- Follow all instructions shared by the chit administrator
- Keep payment receipts and documents safely
6. Rights of Karthikeya Chits
We reserve the right to:
- Modify chit rules if required
- Reschedule meetings or auctions
- Decline or remove members based on payment irregularities
- Request verification documents at any time
- Update these Terms as needed
Such changes will be communicated to members in advance where applicable.
7. Website Usage
By using our website, you agree that:
- Content is for informational purposes only
- You will not misuse forms, contact details, or online resources
- You will not attempt unauthorized access or disrupt site functionality
8. Privacy & Data Use
Any information shared with Karthikeya Chits is handled as per our Privacy Policy.
We do not sell or misuse your data.
By contacting us or joining a chit, you consent to receiving necessary communication (calls, SMS, WhatsApp, or email).
9. Limitation of Liability
Karthikeya Chits is not liable for:
- Misunderstandings due to incomplete reading of rules
- Delays caused by technical issues, bank systems, or unavoidable circumstances
- Losses resulting from member negligence or incorrect information
Participation is voluntary, and members are encouraged to review all documents before joining.
10. Termination of Membership
A member may be removed if:
- They fail to make contributions regularly
- They provide false information
- They violate chit group rules or policies
All settlements, if any, will be handled according to chit group guidelines.
11. Dispute Resolution
Any disputes related to payments, auctions, or membership will first be addressed internally.
If unresolved, disputes will be handled under applicable local laws and jurisdiction.
12. Contact Information
For questions about these Terms:
Phone: (+91) 9553931113
WhatsApp: https://wa.link/8mt1ke
Email: karthikeyachitsofficial@gmail.com