Chit Fund Interest Calculator
Calculate what a member pays, receives, and the effective return for each lifting month. Free, no signup.
Click Calculate Returns to see your results here
Pick a lift month afterwards to see how your returns change.
This chit fund interest calculator works out what a member actually pays, receives and earns if they lift the chit in a given month. Pick a chit type — Base + Premium, Fixed Dividend, Fixed Payout or Fixed Payment — enter the chit amount, members and commission, then choose a lift month to see the total paid so far, the payout received, the net gain or loss, and the effective return for that month.
Looking for the full month-by-month schedule instead of one lift month? Build one with the chit chart maker, or use the chit fund discount calculator to work out a single month's auction dividend and next payment.
Worked example
A Base + Premium chit of ₹1,00,000 over 20 months, with the calculator’s default settings: a member pays ₹5,000 a month until the lift month, then ₹6,000 from the lift month on, and the commission is 5%. The same member, lifting in a different month:
| Lift month | Total paid | Payout | Result |
|---|---|---|---|
| 1 | 1,20,000 | 96,000 | Borrows ₹24,000-20.00% effective return |
| 10 | 1,11,000 | 1,05,000 | Borrows ₹6,000-5.41% effective return |
| 13 | 1,08,000 | 1,08,000 | Breaks even0.00% effective return |
| 20 | 1,01,000 | 1,15,000 | Saves ₹14,00013.86% effective return |
Lifting early means taking the payout before most payments are made, which the calculator calls borrowing. Waiting longer pays back more than was paid in. In this chit the two meet in month 13. Total paid counts every payment over the whole chit, before and after lifting.
Chit Fund Interest Calculator FAQs
Quick answers to common questions about chit fund returns and lift month calculations.
Running a chit? Keep it in ChitsApp.
This tool plans a chit. ChitsApp runs it: the members, the amount each one owes every month, the payments you record, the payouts and the reports. Free for up to 2 running chits, no card needed.