Settlement rule for a member exits and no replacement is found in the RWC Financial Kitty

 💰 Scenario:

• Total members: 10

• Monthly contribution: ₹500 per member

• Duration: 10 rounds (10 months)

• Total kitty amount each month = ₹500 × 10 = ₹5,000

Now suppose one member (say Member A) exits after paying for 3 months (₹1,500 total) and no replacement is found.

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📘 Settlement Rule (Fair & Transparent):

If replacement is not found, the exiting member’s contributions remain in the kitty as temporary reserve, and the following policy applies:

Case 1: Member exits before receiving payout

1. Member A has paid ₹1,500 (3 months) and not yet got her kitty turn.

2. Her amount stays in the common pool until the cycle ends.

3. After the 10th round, the total kitty will have been distributed among the other members, but her ₹1,500 contribution is left in the record.

4. Once the cycle ends, she will be refunded her exact total contributions (₹1,500) — no interest or bonus.

5. This refund will be done after collecting all final dues and confirming no outstanding from any other member.

✅ Example:
If she had paid ₹1,500 in total → she gets ₹1,500 back at end of 10th month.

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Case 2: Member exits after receiving payout

If the exiting member has already received her kitty payout earlier, she must continue paying every month until the cycle ends.
If she fails to do so:

• Her pending contributions will be covered proportionally by all active members for the current round.

• The RWC committee will deduct her unpaid share from her security deposit (if kept) or recover it during final settlement.

• If recovery isn’t possible, that amount will be divided equally among all active members (and noted as a default).