[Resolved]  Shriram Chits — CHANGING RULES

Dear All,

Shriram chits is not doing a good business now a days. At the time of investing the chit procedure is very simple but at the time of auction and to issue cheque there are numerous problem. i invested four chit in this company and the complaints are below as follows.

Entering Procedure: You can invest in any name with out any id proof or without any salary certificate. only the chit amount + registration fees rs.300 will be added. they will not check about your eligibility and they will not give any details about the auction procedures.

Monthly installment:

The notice letter will not come to you regularly. And then will charge for the late payment.

At the time of Auction:

At the time of auction they will call theire agent to make the auction to high value. if the agent request they make it low auction.

Payment Procedure:

After the auction if you taken the amount theywill give the documents to sighn.theire request documents are given below.

1. 4 salary certificate(1chit holder salary certificate+ 2 government pay certificate + 1 private pay certificate)

2. 4 Ration card Xerox Copy(1 chit holder and 3 witness)

3. 4 ID Prood(1 chit holder and 3 witness)

4. Company ID proof for the above 4 persons

5. salary certificate must be sealed

6. last 3 months bank statment for the above 4 persons

7. If you provide the above documents also they will ask for one month time to issue a cheque. after completing one month they will say theire manager is out of station. and after one month only you will recive the cheque. so dont keep commitments on the shriram cheque.

THINK THAT WHETHER WE APPLY FOR THE GROUP LOAN OR WE TAKING THE CHIT AMOUNT.

THINK THAT AND INVEST IN THE CHIT