Online Tool Store
Chit Fund Calculator
Enter chit value, members, and winning bid discount to calculate monthly contribution and per-member dividend. Runs entirely in your browser.
🔒 This tool runs entirely in your browser. Your files are never uploaded to a server.
Monthly contribution
$4,000
Dividend per member
$1,000
Example shown — replace it with your own chit fund numbers.
How it works
- Enter the chit value and number of members.
- Enter the winning bid discount for a round.
- See the monthly contribution and per-member dividend.
The contribution is the chit value divided by the number of members. The bid discount amount is split among the remaining members as a dividend — the standard chit fund payout structure.
FAQ
Is my financial data uploaded anywhere?
No. The calculation happens entirely in your browser — nothing is sent to a server.
What is a chit fund?
A rotating savings scheme where a fixed group of members contribute a set amount each period, and one member (chosen by bidding or lottery) receives the pooled amount each round.
How is the monthly contribution calculated?
The chit value divided by the number of members — each member's regular contribution per round.
How is the dividend calculated?
The winning bid's discount is split among the non-winning members as a dividend, reducing their effective contribution for that round.
How we compare
| Feature | Online Tool Store | Manual math | Chit fund company statements |
|---|---|---|---|
| Available before joining a scheme | ✓ | Easy to miscalculate | Only available once you've joined |
| Free, instant | ✓ | ✓ | N/A |
A chit fund company's statement only shows figures after you've joined. Chit Fund Calculator lets you estimate contributions and dividends before committing.