Features
Effortless Remote Chit Fund Management Made Simple with MERA
1. Web-Based Accessibility
Manage your chit fund from anywhere with just a web browser and an internet connection—seamless access at the click of a button.
2. Online Member Access
Provide members with online access through integration with your existing website—ensuring convenience and connectivity.
3. Streamlined Member Management
One-time subscriber registration with SMS notifications for hassle-free chit group management—simplified and efficient.
4. User-Friendly Registration
Easy procedures for chit registration and administration, supporting various chit frequencies like weekly and monthly.
5. Chit Details and Schedule Management
Keep track of chit registration details and commencement dates, with the ability to enter/alter opening balances after auditing.
6. Automated Accounting
Advance receipt handling, automatic accounting, and online SMS notifications for instalments and auction entries.
7. Late-Fee Calculation
Automatic calculation of late fees (penalty) based on given percentages—ensuring timely payments.
8. Dividend Account Maintenance
Maintain dividend accounts, adjust them into the next month, or allocate them to the current month’s installment.
9. Comprehensive App Features
Mobile app for daily collection, member-wise reports, and easy entry of auction/prize details with automatic instalment calculations.
10. Charges and Documentation
Manage various charges like documentation fees, admission fees, penalties, and verification charges.
11. Guarantor Details
Maintain guarantors and document details for chit payments.
12. Business Summary Reports
Download daily, weekly, monthly, and yearly business summaries in CSV format for seamless reporting to company operations.
13. Payment Collection
Easy collection through cash, cheque, and transfer payments.
14. Member Self-Service
Members can access outstanding balances, subscription payment due dates, ledger reports, and auction details online.
15. Mobile App for Chit Collectors
A dedicated mobile application for chit collectors to record and access entries conveniently.
16. Cost-Effective and Feature-Rich
Our software offers a cost-effective, feature-rich solution for efficient chit fund management.
