Our Policies

Privacy Policy

AR Chit Funds Pvt. Ltd. ("we", "us", "our") is committed to protecting the privacy and personal information of our members, visitors, and stakeholders. This policy explains how we collect, use, and safeguard your data.

1. Information We Collect

We collect the following categories of information:

• Identity information: name, date of birth, Aadhaar, PAN, photographs
• Contact information: address, phone, email
• Financial information: bank account details, income proof, transaction history
• Technical information: IP address, browser type, cookies, usage data

2. How We Use Your Information

Your information is used strictly for:

• Enrolling you in chit schemes and processing transactions
• Complying with KYC, AML, and other regulatory obligations
• Communicating about your chits, auctions, and account
• Improving our services and website experience

3. Information Sharing

We do not sell or rent your personal information. We share data only with regulatory authorities (Registrar of Chits, Income Tax, RBI), our banking partners for transaction processing, and our statutory auditors, all bound by confidentiality.

4. Data Security

All sensitive information is stored with bank-grade encryption (AES-256). Our systems undergo annual security audits. Physical documents are maintained in fireproof, access-controlled vaults.

5. Your Rights

You have the right to access, correct, or request deletion of your personal data,

If you have any questions about this Privacy Policy, please contact us at architfunds2014@gmail.com.

Terms of Service

By accessing our website or enrolling in any AR Chit Funds scheme, you agree to these Terms of Service.

1. Eligibility

You must be at least 18 years of age, an Indian citizen or NRI with valid KYC documentation, and have the legal capacity to enter into binding contracts.

2. Membership Obligations

Members agree to:

• Pay monthly installments by the due date specified in their chit agreement
• Participate in auctions fairly and honestly
• Provide required security documents if declared a prized subscriber
• Notify AR of any change in contact information promptly

3. Foreman's Commission

AR Chit Funds charges a foreman's commission of 5% of the total chit value, as permitted under the Chit Funds Act, 1982. This is the only charge for standard chit services.

4. Dispute Resolution

Any disputes arising from chit participation shall first be addressed through our internal grievance mechanism. Unresolved disputes may be referred to arbitration under the Arbitration and Conciliation Act, 1996, seated in Coimbatore, Tamil Nadu.

5. Modification of Terms

We reserve the right to modify these terms. Members will be notified of any material changes via email and SMS at least 30 days before taking effect.

Refund & Cancellation Policy

1. Pre-Enrollment Cancellation

If you cancel before your chit group is formed (before the first installment is collected), any advance payment is refunded in full within 7 business days, with no deductions.

2. Non-Prized Subscriber Exit

A non-prized subscriber (one who has not yet received the chit amount) may terminate membership in writing. Installments paid are refunded after the chit group is successfully concluded, less any applicable deductions as specified in the chit agreement and the Chit Funds Act.

3. Prized Subscriber Obligations

A prized subscriber (one who has already received the chit amount) must continue paying all remaining installments until the chit's completion. Refunds are not applicable.

4. Refund Processing

Eligible refunds are processed via NEFT to the member's registered bank account within 15 business days of chit completion or termination approval. A detailed refund statement is provided.

KYC & AML Policy

In compliance with RBI guidelines and the Prevention of Money Laundering Act (PMLA), 2002, AR Chit Funds follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures.

1. Customer Due Diligence

All members must complete KYC verification before enrollment through valid government-issued identification (Aadhaar, PAN) and proof of address.

2. Enhanced Due Diligence

For chits above ₹10 Lakhs, additional income proof, source-of-funds declaration, and enhanced verification are required as per regulatory norms.

3. Transaction Monitoring

All transactions are monitored for unusual patterns. Suspicious transactions are reported to the Financial Intelligence Unit-India (FIU-IND) as required by law.

4. Record Retention

We retain member records for a minimum of 5 years after the last transaction, as required by PMLA regulations.

Grievance Redressal Policy

We take every member concern seriously. Our tiered grievance redressal framework ensures fair, timely resolution.

Level 1 - Branch Manager

Initial grievances should be submitted in writing to your branch manager. Resolution timeline: 7 business days.

Level 2 - Grievance Officer

If unresolved, escalate to our Grievance Officer at architfunds2014@gmail.com or +91 73056 87299. Resolution timeline: 15 business days.

Level 3 - Regulatory Authority

If still unsatisfied, members may approach the Registrar of Chits, Government of Tamil Nadu, at registrar.chits@tn.gov.in for independent redressal.

Disclaimer

Chit funds are subject to market and auction dynamics. The returns realized by a subscriber depend on the month they win their bid, the discount rate offered, and other factors. Past performance of AR chit groups does not guarantee similar returns for future groups.

All illustrative calculators on this website are for informational purposes only and do not constitute a guarantee of specific outcomes. Actual payouts are governed by your chit agreement and applicable law.

AR Chit Funds Pvt. Ltd. is a registered entity under the Chit Funds Act, 1982, and does not provide banking, investment advisory, or insurance services. We do not promise fixed returns, as our chits are a community savings product, not an investment product.

For any legal or financial advice specific to your situation, please consult qualified professionals.