Committee (BC) Planner
120,000
Rs. Rs. 120,000
Rs. Rs. 10,000
Rs. Rs. 110,000
Committees (BCs) are based on trust. While they help with forced savings or accessing interest-free loans, late receivers lose purchasing power due to inflation over the duration of the committee.
The Ultimate Guide
How Does a Committee (BC) Work?
A Ballot Committee (BC) is a traditional Rotating Savings and Credit Association (ROSCA). A group of trusted individuals agrees to contribute a fixed amount every month to a shared pool.
Loan vs. Savings
If you receive the pool early (e.g., month 1 or 2), you get a large sum upfront and spend the rest of the months paying it back. This is effectively an interest-free loan. If you receive it at the end, you are saving money month-by-month to get a lump sum later.
The Hidden Cost of Inflation
Because Pakistan experiences high inflation, receiving your committee at the end of a 20-month cycle means the money you get will have less purchasing power than when you started contributing.