The auction, in the open.
Every month one member takes the chit through an open auction. Here is exactly how the money moves — try it with any of our plans.
Hypothetical bid discount
17.2%₹4,14,000To the bidder
Structure sheet: 82.8% payout · 17.2% discount
Sets the discount to that month's figure from our Structure sheet. You can still slide the bid yourself.
From 5% — the foreman's commission, when no one bids higher — up to 40%, Panasuna's cap: the winner always receives at least 60% of the chit.
- Gross chit amountThe full value the group pools this month
- ₹5,00,000
- Hypothetical discountThe foregone amount: what the bidder gives up
- ₹86,000
- Foreman's commissionApplicable statutory commission, assumed at 5% of the chit
- ₹25,000
- Dividend poolDiscount less commission, for distribution
- ₹61,000
- Dividend per subscriberIn the Act: share of discount
- ₹1,220
- Next month's installmentinstead of
₹10,000 - ₹8,780
- Net payout to the successful bidderIn the Act: net chit amount
- ₹4,14,000
50 subscribers share the pool equally · ₹1,220
Illustration only, not an offer. Real discounts are set by each month's open bidding, and the commission rate shown is assumed.
Early bidder or patient saver?
Every month of Panasuna's real auction structure. Pick a chit, then drag through the months to see the prize, the discount and what it saves every member.
Drag to choose the month you take the chit
Month 20 / 40
₹10,00,000
Prize payout
₹7,50,00075.0% of the gross chit value
From our Structure sheet
- Bid discount
- ₹2,50,000
- Foreman's commission (5%)
- ₹50,000
- Monthly dividend per member
- ₹5,000
- Reduced next month's installmentinstead of
₹25,000 - ₹20,000
Urgent business / liquidity borrower
Money now, when it matters most. On our Structure sheet you receive about 70% of the chit, and never less than 60%.
Every month is plotted from Panasuna's auction Structure sheet: month 1 is the company chit at 100%, the 70% benchmark holds early on, and the last month pays 95% after the 5% foreman's commission. Real payouts depend on each month's open bidding.
The 3 golden rules of a Panasuna auction.
1
40%
Maximum discount cap
No bid can go beyond 40% of the chit value, so subscribers always receive at least 60% of the gross chit value, even in the most competitive early months.
2
100%
Dividend sharing
Every rupee of bid discount after the statutory 5% foreman's commission is divided equally among all members, lowering next month's installment.
3
95%
Final maturity payout
Members who wait until the end of the cycle receive up to 95% of the gross chit value, plus every month's accumulated dividends.
See the whole cycle
One auction is one month. The calculator plays out every month of a chit and shows what you would pay and receive depending on when you take it.