Most of us know that saving money for the future is a critical step to achieve goals, build assets, and retire comfortably. But things can go rather uncertain when you…
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Saving money is the most basic and most responsible thing to do, the importance of which is rarely disputed. Saving money has so many benefits that it is easily one…
A chit fund – also known as chit, chitty or kuree – is a rotating saving scheme that has been a part of India’s financial system for more than a…
To help people understand the concept of chit fund and more importantly how it works on the Money Club mobile app, we started forming Pilot Clubs or Trial Clubs. Advantages...
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Apart from your first Money Club, have you ever been invited to join more Money Clubs? If yes, you must have thought about how you actually made it to the...
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Now, that you have started enjoying the Money Club we would like to tell that that everyone loves clubbing with verified clubbers! It increases the level of trust with the...
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Saving money means putting money in a Recurring Deposit, isn't it? Money Clubbing is the "latest" way of setting aside a fixed amount of money regularly (weekly, fortnightly or monthly)...
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In a Money Club, the winner in each round is decided through bidding. The highest bidder gets the pool amount but we have observed multiple cases of funds-soliciting in a...
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As with any lending, there is a risk that a borrower doesn’t repay. At Money Club, we try to limit this risk to a minimum by ensuring that every Money...
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To understand the calculations, let's take an example of a Money Club named ‘Dosti4ever’. It is a club of 4 friends – Amit, Karan, Tarun and Vijay. Here, everyone is contributing Rs.1000 per...
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