Safety Perspectives in Informal Financial Systems: A Correlation Study of Chitthi Groups in Surat

Author(s)	Miss Rifatbanu Abdul Kadar Shaikh, Dr. Ravi Ishvar Bhai Patel
Country	India
Abstract	This study examines the role of safety perceptions within Chitthi groups—informal savings mechanisms widely used in Indian communities. The objective is to explore how various dimensions of safety such as financial security, trust in leadership, and group transparency interrelate and influence participation. A sample of 50 participants from Surat was selected through snowball sampling. Using correlation analysis, the study identifies significant relationships among members’ perceptions of safety. The findings indicate that operational reliability and leader trust play critical roles in establishing confidence in the system, reinforcing Chitthi as a viable alternative to formal financial institutions.
Keywords	Chitthi groups, informal finance, safety perception
Published In	Volume 7, Issue 5, September-October 2025
Published On	2025-09-05
DOI	https://doi.org/10.36948/ijfmr.2025.v07i05.54963

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