Shriram Chits — Not issuing Chit Prized cheque from last three month

Address:Mahbubnagar, Andhra Pradesh

Not issuing Chit Prized cheque from last three month Dear Sir, I wish to bring to your kind notice the following for your immediate intervention, so that justice can be rendered to me I am Rajesh Kalwala, In the month of October 2014, i subscribed a 5 lakhs chit at Shriram Chits and fortunately i was the prize winner in the first month of the chit(Dipping method) and they have informed me on the same day that i am the winner. due to my official works i was not available at my native place to process the documentation part and after arriving to native place after one month i have submitted my complete documents like agreement, guarantors details and their credentials and etc that was on 30.12.14 and initially at the time of joining with shriram and at the time of documents submission the agent assured me that i would get the amount within one month as i did some delay. and at most they said i would get by 30/1/15 but they have not provided it and based on their assurance i promised somebody for a deed to give the amount. but till date i did not received my cheque i have paid an interest amount of Rs.27000 for three months because of my failure to pay him on time. during first week of February the Shriram Chits official visited my office and said i need to visit once the branch so i did the same on the same day, then there were five in Number and rounded me to pursued to get a insurance policy but at the time of joining only i informed that i don't invest in any of the Insurance policies as i am already having but they insisted me to take a policy and it was like a hell in their convincing me to take the product and they said if i take the policy they would give the cheque in 4 days but i said i don't take. then they informed that they will provide the cheque in 7 days so i accepted but after 7 days also they got failed in giving the cheque mean while i did no of phone calls to agent and Branch manager about my situation and branch manager says the file is with zonal office and it completed 2 months at the zonal office only . on 18th of Feb15 they promised me that by this month end i can get my cheque so today 27.02.15 i called to branch manager he said he wont know when i get my cheque. i am paying my monthly payment on time but still these people are harassing me to take the Insurance policy otherwise i wont get by 10.march15 they said . kindly requesting you to intervene in this matter and sort out my problem. otherwise my life will get futile. only because of insurance policy they are not paying the amount. Shriram Chits (Shriram Capital Limited) Shadnagar Branch mahaboobnagar dist Telangana 509216 pin branch manager Phone No: [protected] land line:[protected] Subscription details. Chit amount: 5 lakhs Started in OCT14 Subsciber No : 67012/28 Thank you, Regards, Rajesh Kalwala [protected] shadnagar attached my 3rd month payment reciept and even paid for fourth month as well this is for your information
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I had enrolled 2 chits in Alandur (chennai) Branch under 4104/53085/34 & 35.In spite of furnishing documents and surety, the company failed to issue cheque on both chits. My complaint to company by RPAD as well as email did not yield any results/response
Same issue I'm facing as Rajesh Kalwala mentioned. These people will go up to any extent for their commission. They are not processing my Chit amount though I have paid already 70% amount. They are like if I want to get the Chit amount, I have to take one more Chit or Insurance policy. I called Shriram Chits Head office and complained, for that local branch manager and Agent are harassing us.(Why did you complain Head Office, go and get your Chit Amount from Head Office like that.). Now I'm helpless to get that amount. Please suggest me what to do now.
Thanks in advance.

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