Terms and Conditions

1. About Us

TrueFIN Chits Private Limited is a private limited company engaged in the business of conducting chit funds in accordance with the Chit Funds Act, 1982 and the applicable State Chit Fund Rules. The Company acts as the Foreman and is registered with The Deputy Registrar of Chits, Chennai Central, Royapettah, Chennai-14 vide Certificate Reference No. CFR/Chennai Central/4/2025 dated 31-10-2025. Details of the registration/sanction particulars for each chit group, are available in the applicable Chit Agreement and may be obtained from the Company on request.

Important: Participation in any specific chit group is governed exclusively by the individual Chit Agreement executed between the subscriber and the Company (as Foreman) in accordance with Chit Funds Act, 1982. These website Terms do not override, amend, or replace the Chit Agreement.

2. Eligibility

• You must be a citizen of India, at least 18 years of age, and competent to contract under the Indian Contract Act, 1872.

• To participate in any chit scheme, you must complete Know Your Customer (KYC) formalities as required under applicable laws and the Company’s internal policies.

• The Company reserves the right to refuse registration, membership, or access to any service at its sole discretion, without assigning any reason.

• Where online account registration is made available, each individual may maintain only one account in their own lawful name and must provide accurate information. Creating or operating multiple accounts to circumvent the Company’s controls, impersonating another person, or applying for or participating in a chit in another person’s name as a benami or proxy subscriber is prohibited.

3. Use of the Website/Digital Platform

• The website provides general information about our chit fund schemes, processes, and contact details.

• You agree to use the website only for lawful purposes and in a manner that does not infringe the rights of others or restrict or inhibit their use of the website.

• You shall not attempt to gain unauthorised access to the website, introduce viruses or malicious code, scrape data, or engage in any activity that disrupts or impairs the website or its servers.

• All information submitted through enquiry or contact forms must be accurate, complete, and truthful.

• Where the website or any associated digital platform permits account access or online transactions, you are responsible for safeguarding your login credentials, OTPs, PINs, registered mobile device and other authentication details, and for promptly notifying the Company of any suspected unauthorised access or transaction. The Company will never ask you to share your OTP or PIN. You should access the Company’s website or digital platform only through official channels and remain alert to fraudulent calls, messages, links or requests for confidential information.

4. No Financial Advice / Disclaimer

• The content on this website is provided for general informational purposes only and does not constitute financial, investment, legal, tax, or any other form of professional advice.

• Chit funds involve inherent risks, including but not limited to the risk of default by other subscribers and fluctuations in the prize amount based on auction outcomes. Past performance, if any shown, is not indicative of future results.

• You are strongly advised to carefully read the Chit Agreement and seek independent professional advice before participating in any chit scheme.

• We make no representation or warranty regarding the reliability or currency of the information on the website. Information may be modified, updated, or removed at any time without prior notice.

5. Intellectual Property

• All content on the website, including but not limited to text, logos, graphics, images, design, layout, and software, is the exclusive property of TrueFIN Chits Private Limited or its licensors and is protected under the Copyright Act, 1957, the Trade Marks Act, 1999, and other applicable intellectual property laws of India. You may not copy, reproduce, distribute, modify, display, or create derivative works from any content without the prior written consent of the Company.

6. Payments:

• Payments are processed through third-party payment gateway service providers.

• You are solely responsible for ensuring the correctness of payment details and availability of sufficient funds.

• All transactions are subject to the terms and conditions of the respective payment gateway and the Company’s internal policies.

• Cash payments, if accepted by the Company, shall be limited to INR 20,000 per person per day, or such lower amount as may be required under applicable law, as amended time to time.

• Subject to the payment methods made available by the Company from time to time, payments may be made through the Company’s website or mobile application using the available payment gateway options, including UPI, net banking or debit card; by bank transfer through NEFT, RTGS or IMPS, with the subscriber providing the transaction details to the Company for identification; through NACH or standing instructions where enabled or by cheque or demand draft drawn in favour of “TrueFIN Chits Private Limited”. A payment shall be treated as received only when it is successfully credited and confirmed in accordance with the Company’s applicable process.

7. Limitation of Liability

To the maximum extent permitted by applicable law:

• The website and all content and services are provided on an “as is” and “as available” basis without any warranties of any kind, whether express or implied.

• The Company shall not be liable for any direct, indirect, incidental, consequential, special, exemplary, or punitive damages arising out of or in connection with your use of (or inability to use) the website, including but not limited to loss of data, profits, goodwill, or business opportunity, even if the Company has been advised of the possibility of such damages.

• The Company’s aggregate liability (if any) arising out of or relating to these Terms or the website shall not exceed the amount paid by you to the Company (if any).

• The Company shall not be responsible for any acts or omissions of third-party service providers, payment gateways, internet service providers, or any technical failures beyond its reasonable control.

8. Indemnity

You agree to indemnify, defend, and hold harmless the Company, its directors, officers, employees, agents, and affiliates from and against any and all claims, demands, losses, damages, liabilities, costs, and expenses (including reasonable legal fees) arising out of or relating to: (a) your breach of these Terms; (b) your misuse of the website; (c) your violation of any applicable law or the rights of any third party; or (d) any content or information submitted by you.

9. Suspension and Termination

The Company reserves the right to suspend, restrict, or terminate your access to the website at any time, with or without notice, for any violation of these Terms, for security reasons, or for any other reason at its sole discretion, without any liability to you.

10. Governing Law and Jurisdiction

These Terms shall be governed by and construed in accordance with the laws of India.

Disputes touching the management of a chit business between the Company (as Foreman) and a subscriber, surety, or other person referred to in Section 64 of the Chit Funds Act, 1982 shall be governed exclusively by that Section, including reference to the Registrar of Chits for arbitration, and no civil court shall have jurisdiction over such disputes in accordance with Section 64(3) of the said Act. Subject to the foregoing, any dispute arising solely out of or in connection with these Terms or the use of the website (and not touching the management of a chit business) shall be subject to the exclusive jurisdiction of the competent civil courts in the State of Tamil Nadu.

11. Amendments

The Company reserves the right to amend, modify, or update these Terms at any time at its sole discretion. The updated Terms shall be posted on the website with a revised “Last Updated” date. Your continued use of the website after such posting constitutes your acceptance of the revised Terms.

12. Severability and Waiver

If any provision of these Terms is held to be invalid, illegal, or unenforceable by a court of competent jurisdiction, such provision shall be modified to the minimum extent necessary to make it valid and enforceable, or if modification is not possible, severed from these Terms. The remaining provisions shall continue in full force and effect. No failure or delay by the Company in exercising any right under these Terms shall constitute a waiver of that right.

13. Entire Terms & Conditions

These Terms, together with the Privacy Policy and any other policies or notices published on the website, constitute the entire agreement between you and the Company with respect to the use of the website, and supersede all prior or contemporaneous understandings and agreements relating thereto. Nothing in these Terms shall affect the rights and obligations arising under any Chit Agreement executed between you and the Company.

CONTACT US

For any questions or concerns regarding these Terms and Conditions, please contact:

TrueFIN CHITS PRIVATE LIMITED

Registered Office: First Floor, No. 43, Medavakkam Tank Road, Kilpauk, Chennai – 600010, Tamil Nadu, India.

Email: invest@truefinchits.com

Phone+91 – 9132-684-684