RWC Financial Kitty

 

RWC Financial Kitty – Plan & Rules


Participants & Contribution

  • Number of participants: Multiple of 10 (10, 20, 30, etc.)

  • Monthly contribution: ₹500 per member

  • Flexibility: Members willing to contribute more can be accommodated in a separate kitty subgroup.

Cycle & Payout

  • Total duration: 1 year

  • Total kitty events: 10 (2 months reserved as buffer in case an event is missed)

  • Payout method: Lucky draw at each monthly gathering

    • One member receives the pooled kitty amount per month

    • All participants continue contributing monthly until the cycle completes

Example:

  • 10 members × ₹500 = ₹5,000 payout each month

  • 10 months → each member will receive ₹5,000 once during the year

Management & Records

  • Managed by: Ravet Women’s Club Management Team

  • Responsibilities:

    • Collect contributions each month

    • Record attendance and payment status

    • Conduct lucky draw and announce winner

    • Track payouts and remaining months for each member

  • Transparency: Records will be maintained in a Google Sheet or Excel tracker visible to all participants.

Standard Rules (Recommended)

  1. Contribution is mandatory for members who opted into the financial kitty.

  2. If a member misses a month, the contribution must be cleared the following month or the member may forfeit eligibility for payout in that month.

  3. Payout recipient cannot participate in lucky draw for next month if desired (optional rule to avoid immediate repeat).

  4. Late contributions: Members should pay before or at the meeting; any delay must be approved by the management team.

  5. Dispute resolution: Core Committee decision is final in case of disputes.

Exit policy: 

Members who wish to leave must give one-month notice; contribution already made remains in kitty until their payout occurs.

Minimum Commitment:
Once you join the Financial Kitty, you are committing for the entire kitty cycle (10 months). Since payouts depend on total participation, you cannot leave midway unless it’s an emergency.

If someone still needs to exit:
  • You must inform the RWC management team in writing (WhatsApp or form) at least one month in advance.
  • The management will arrange a replacement member before your exit to maintain the kitty balance.
  • Your payout position will be adjusted — if you haven’t received your turn yet, you’ll get your contribution amount back only after a replacement joins and starts contributing.


If replacement is not found:

  • Your share will remain in the kitty until the end of the cycle.
  • You will be treated as a silent member — you won’t attend kitty events, but your share will be settled after the last round.
  • See Detailed settlement process.

After payout:

  • Once you’ve received your kitty payout, you must continue paying your monthly contributions until the cycle ends (this keeps it fair for others).
  • Failure to continue payments after payout can lead to disqualification from future kitties organized by RWC.


Emergency or relocation cases:

  • If a member has to relocate or faces unavoidable personal situations, RWC Committee will review the case individually and decide the best fair settlement.


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