KSFE Chitty Alternative:
The Money Club

If you’re looking for a KSFE Chitty alternative for borrowing, saving or investing money, The Money Club is your best bet. It is an AI-powered chit fund platform which is 100% online and is a powerful solution optimized to provide higher returns while making your financial transactions safe, secure and convenient.

Money Club is unique and a worthy (or better) alternative to KSFE. Find out why!

About KSFE Chitty


The Kerala State Financial Enterprises Limited (KSFE) is a public sector chit fund and loan company based in Thrissur city, Kerala, India. The Government of Kerala fully owns this Miscellaneous Non-Banking Finance Company. It has 13 regional offices at Thiruvananthapuram, Attingal, Kollam, Alappuzha, Kottayam, Ernakulam, Kattapana, Thrissur, Malappuram, Kozhikode, Kannur, Pathanamthitta, Palakkad. . KSFE offers services such as KSFE chitty, loans and advance schemes, deposit schemes, fee-based services and securities acceptable.

KSFE chitty is a unique financial product with advantages of both investment and advance. KSFE chitty schemes are risk-free as they are fully governed by the provisions of the Central Chit Fund Act 1982. ... The monthly instalment for KSFE chitties is in the range of ₹1,000 to ₹5,00,000. The duration of the KSFE chitty schemes is usually 30 months, 40 months, 50 months, 60 months and 100 months.

The total chitty amount is won by the person who agrees to pick the lowest amount. As per the prevailing Chitty Act, the maximum reduction allowed is 25%. All the promoters need to contribute the periodic subscription until the end of the chitty. Each subscriber gets an opportunity to receive the prize money once during the duration of the KSFE chitty.

KSFE is essentially a traditional offline chit system, but it has developed an online portal called Pravasi Chits for the NRI community. The NRIs can visit the KSFE Pravasi Chit website or the mobile app to join the KSFE chitty.

About Money Club

The Money Club is a safe and secure mobile platform for Peer-to-Peer Chit fund or Committee. It offers an opportunity to join a group of like-minded people from all over India to start saving or investing money. In times of need, people can also borrow money that is multiples of what they have invested. All the members are verified by the Money Club before they start pooling up money on the platform.


KSFE Chitty vs The Money Club Online Chit Fund Platform


KSFE chitty is traditionally a 100% offline chitty. Although you can pay your monthly instalments online, you have to visit the branch or meet the agent to join the KSFE chitty.

About Moneyclub

The Money Club essentially offers an end-to-end 100% online process. This means – right from registration, verification, contributions to payments – everything takes place online with no paperwork and no physical presence.

How Money Club is Different from KSFE Chitty


AI-powered Platform

Money Club is India’s best AI-driven online chit fund platform with 100% online process, ensuring safe, secure and smooth peer-to-peer lending experience.


Zero Paperwork

Registration, verification, bidding, transactions and almost everything else on the platform can be done online without the hassle of massive paperwork, thus saving your time and effort.


Variable Commission Structure

Unlike the traditional chit funds, the Money Club has a variable commission structure which starts with 4% of the chit amount and goes down to as low as 0.5% based on the performance of the subscriber.

Here’s a look at some of the other differences

The Money Club
KSFE Chitty
AI-powered platform
Zero paperwork
Performance linked commission structure
Gamified customer journey
High frequency chits (daily, 3days)
Large amount chits
Long frequency chits (fortnightly, monthly)
People can join from PAN India
No physical presence required during an auction
Online payments

The Money Club is not just any online chit fund platform - we are optimised for higher returns and a better customer experience!


Gamified Customer Journey

As you build a good transaction history, you can proceed to higher amounts of Money Clubs through a gamified customer journey.


Large Amount Chits

Users can join multiple clubs resulting in a cumulative club amount of more than 1 lakh based on their profile on the platform.


Long Frequency Chits

Along with the high frequency clubs, the Money Club also runs the long frequency clubs like the fortnightly and the monthly clubs wherein the auctions happen in every 15 days or in every 30 days.


Online Payments

Users can make transactions from any of their online payment apps like google pay, phonepe, etc. and submit the transaction id in the Money Club app.


High Frequency Chits

Unlike the traditional chit funds, the Money Club runs the daily and the 3-days frequency clubs as well which help the subscribers to earn returns in a short tenure or borrow whenever they feel the need.

Join icon

Open to PAN India

Like-minded people from anywhere in India can join a Money Club and begin their journey with us.


No Physical Presence Required

The entire process, right from registration to auction, is 100% online. This means you can conveniently be in the comfort of your home during the auction.

Your search for the best KSFE chitty alternative ends here. Join Money Club today and start saving for your financial needs!

Happy & Satisfied Money Clubbers

Saved, Borrowed & Invested money in Money Clubs