How it works

A fixed number of people agree to save together for a fixed number of months. Every month each person puts in an installment, which forms a pool. One member takes that pool for themselves that month. Next month somebody else takes it. By the end of the cycle, every member has taken the pool exactly once.

So it is not a scheme with profits — it is a rotating way to get a large sum early while still saving in small monthly amounts.

If several members want the pool in the same month, they bid. Bidding here means offering to accept less than the full pool. The member willing to take the biggest reduction (called the loss or discount) wins the pool that month.

The amount they gave up is shared by everyone else — it reduces that month's installment for the remaining members. Whoever waits longer to take the pool ends up paying smaller installments along the way.

Worked example. A group of 20 members with a pool of ₹25,000. In September the winning bid was a loss of ₹1,400. The winner receives ₹25,000 − ₹1,400 = ₹23,600. The remaining amount is spread across the members, so everyone else's installment for that month becomes ₹1,180 instead of the full share. A group also sets a minimum and maximum allowed loss for each month, so bids stay within an agreed range.

Each group has its own UPI ID (or QR code). On your due date the app shows exactly what you owe — installment plus any late fee — and gives you a UPI link and QR already filled with that amount and a reference note naming the group and month.

After paying you tap “I've paid” and can add your UPI reference number or a screenshot. Your payment then shows as Paid — pending confirmationuntil the organiser matches it to their bank record and confirms it. The app never holds or transfers your money.

Every group sets a payment due day with an 11:59 PM IST cut-off, a day from which late fees start, and a fee per day. The app shows the late fee building up live, so there is never a surprise. The organiser can waive or adjust a late fee, and any change is visible in your ledger.

Anyone can register with a mobile number and browse the groups and plans on offer. Becoming an active member is a second step: you send a join request, and the organiser (or an adviser, for plans) approves it. Only then are your installments and dues created. This protects both sides — nobody is silently signed up for a payment obligation, and the group stays limited to its real members.

Alongside BC groups, the organiser may offer community savings plans: you contribute a fixed amount at a set frequency until a maturity date, with a bonus or return rate attached.

Where the return money comes from. Any bonus or return on a plan is funded by the group or the organiser from their own funds — it is not paid out of new or existing members' contributions. No member's contribution is used to pay another member's return. If the organiser cannot fund a return, the plan terms can change, which is why every projection is labelled projected, not guaranteed.

These plans are community arrangements. They are not SEBI-registered investment products, there is no capital guarantee, and they are not covered by deposit insurance. Please read the risk disclosure before subscribing.

The app raises reminders for bid day, payment due in two days, overdue payments with the accruing late fee, and the announcement of each month's bid winner — in Hindi and English. Any reminder or announcement can be copied as a formatted message and pasted into the group's WhatsApp chat. Automatic sending to WhatsApp would need a WhatsApp Business API connection, which is not part of the app today.