Shriram Chits — LIC has to be taken compulsory for chit taking - information by Dr. Mgr Ramakrishnan

Address:

66 E B Colony Main Road, Adambakkam

Myself and my son-in law is paying 5 lakhs chit for shriramchits. We informed while taking itself, we need the fund in August due to marriage. That time Mr. Manikandan of Broadway way branch employee told, no issues, you can take the money in the month of August.

Now when we asked, he told take 4 surities to get the money, which was not informed earlier to us, since we have good reputation in our area and relations, we have submitted the same.

Now, today, we have not called for chit bidding for this month, but Mr. Manikandan informed yesterday, fund is alloted to you, please come and get the money.

Today My son-in-law yogesh prabhu visited the Broadway branch and met Mr. Ramakrishnan, who was sr. Manager in that branch and informed yogesh 3, 00, 000 lakh is alloted and you have to take insurance policy in LIC for 50000 PA, which is cumpolsary to get the amount, when he asked, this is not informed earlier to us. Mr. Ramakrishnan replied and went in without waiting for reply. That, if you want money, please pay insurance.

I tried to reach him I his mobile no. : [protected] and manikandan [protected], phones are not answered and no reply calls from them for the past 1 hr.

Such a good reputed chitfund name is getting spoiled bcoz of such employees who is purposely cheating the customers for their money emergency which is not right.

Request shriram chits to address and clear the issue in 2 days to avoid reaching consumer forum from my side.