How MyVCCircle Works

Simple steps to start your savings journey

1

Create or Join a Circle

Start your journey by either:

  • Creating your own circle (Free)
  • Joining an existing circle through admin invitation

Each circle typically has 10 members for optimal management.

2

Monthly Contribution

All members contribute a fixed amount monthly (e.g., ₹5,000)

This creates a pooled fund (e.g., ₹50,000 from 10 members)

Example:

10 members × ₹5,000 = ₹50,000 pool

3

Bidding Process

Members place bids to receive the pool early

The lowest bidder wins the full pool (minus their bid)

Example:

Bids: ₹2,500, ₹1,800, ₹2,100

Winner: ₹1,800 → receives ₹48,200

Other members share the ₹1,800 bid amount

4

Payouts and Lock

  • Winner receives the payout for that month
  • Once a user wins, they can't bid again in that circle
  • All members continue monthly contributions
5

Monthly Cycle

The process repeats each month with:

  • A different winner each month
  • Everyone receives the pool once
  • Circle continues until all members have won
6

Smart Features

  • AI-powered bid suggestions
  • Group health analysis
  • Contribution forecasting
  • Admin tools for circle management
  • Automated reminders and reports

Trust and Security

  • Circle admins verify all members
  • Secure payment processing
  • Transparent bidding system
  • Real-time contribution tracking
  • Automated payment reminders
  • 24/7 support system