A binding ledger.
Not a financial institution.

What Sayuk Pact actually is

Sayuk Pact is a private, binding ledger that helps small private groups — savings circles, trip-expense splits — track who owes what and what each person should pay. It computes the math your group was already doing on paper or in a WhatsApp thread.

Every Sayuk Pact circle is a private arrangement between people who already know each other. The app keeps score and holds everyone to the same arithmetic; it doesn't enrol you in anything.

What Sayuk Pact deliberately does NOT do

• We do not handle money. No payment gateway, no escrow, no wallet, no UPI-initiate. All transfers between members happen outside the app via your own UPI app, cash, or bank transfer. The UPI reference field in the app is purely a recording tool — members type it in after they've already paid offline.
• We do not accept deposits. No money ever flows into or through Sayuk Pact's accounts. There are no Sayuk Pact accounts that hold member funds, because we never hold member funds.
• We do not promise returns. The shared bonus members receive is simply the discount one member accepted to win the pool, divided among everyone. It is arithmetic, not yield. We don't promise anyone a return on anything.
• We are not a chit fund. The Chit Funds Act, 1982 restricts the term "chit fund" to entities registered with the state Registrar of Chits. Sayuk Pact is not such an entity, does not operate as one, and does not use that term to describe itself.
• We do not allow public discovery. Circles cannot be searched, listed, advertised, or shown on a public feed. Joining one requires a 6-character invite code shared privately by the organiser.
• We cap group size at 30 members. No exceptions. This is intentionally well below thresholds where larger informal pooling arrangements start to attract regulator attention under the BUDS Act, 2019.

How this maps to Indian regulation

• The Chit Funds Act, 1982 regulates entities that collect periodic subscriptions from a defined number of subscribers and rotate a prize among them. It mandates registration with the state Registrar of Chits and prescribes specific structural rules. Sayuk Pact does none of those things — we don't collect subscriptions, we don't manage prize money, and we don't offer ourselves as a chit fund company. The Act does not apply to our app.
• The Banning of Unregulated Deposit Schemes Act, 2019 (BUDS) prohibits unregulated deposit schemes — broadly, schemes that solicit deposits from the public outside regulated channels. Sayuk Pact does not solicit deposits, does not accept money from anyone, and does not allow open enrolment. It is strictly invite-only between people who already know each other.
• RBI Payment Aggregator regulations apply to entities that facilitate payments between merchants and customers. Sayuk Pact is not a payment aggregator. We don't handle, route, or authorise any payment.
• SEBI Investment Adviser rules apply to entities giving investment advice for a fee. Sayuk Pact does not give investment advice. The math we display is purely informational about a private arrangement the user has already made with friends.

Your responsibility as an organiser or member

When you start or join a circle on Sayuk Pact, you're entering a private financial arrangement with people you personally know. That arrangement is your own, not Sayuk's. A few things we ask of you:

• Only invite people you personally know and trust. Sayuk Pact's invite-only architecture supports this, but you choose the people.
• Never describe your circle as an investment opportunity to anyone, members or not. Don't advertise. Don't pool with strangers.
• If you're uncertain whether your specific arrangement is legally appropriate for your situation, consult a qualified Indian legal professional before proceeding. Sayuk does not provide legal advice.
• Honour the agreements you make with other members offline. The app tracks state; it doesn't enforce contracts between members.

What we'd update if regulation changes

We monitor Indian fintech regulation closely. If guidance from RBI, SEBI, or the courts changes — particularly anything affecting private informal arrangements between friends — we'll update this page and notify users of any product changes via the email on file.

We have an internal policy to never call any feature a chit fund, to never integrate payment handling, and to keep group sizes capped. These aren't marketing decisions; they're architectural ones. If a clear regulatory path opens for us to expand any of them, we'd communicate the change plainly first.