The Chit Fund Department was set up by the Government with the main objective of controlling the activities of chit fund companies of Delhi through the Madras Chit Funds Act,1961 extended to Delhi and the Delhi Chit Fund Rules, 1964. Chit commenced w.e.f. Ist April,2007 shall be regulated under the provisions of The Chit Funds Act,1982 and Delhi Chit Funds Rules, 2007.