Comments
dear all
i had 8 chits with maragadarsi 7 completed with no deafult till date over 6 yrs with them . i took the 8th chit with the clear aim that i need money in march and i asked for the claim of prize money in jan and they confirmed it verbelly to me on phone, they then dragged it till april end citing no manpower no money etc gave to soembody else and mine is on request basis only 100 resons a new one every time, then fillay they did the verification in may end and promised me the money by june 15 till july they dragged it and said that they need one more surity . then out of the blue they returned the verified pappers saying they cannot give me now .
how do i get my moeny back they are nto responding to complaints they are nto responding to mail .
cpn
i had 8 chits with maragadarsi 7 completed with no deafult till date over 6 yrs with them . i took the 8th chit with the clear aim that i need money in march and i asked for the claim of prize money in jan and they confirmed it verbelly to me on phone, they then dragged it till april end citing no manpower no money etc gave to soembody else and mine is on request basis only 100 resons a new one every time, then fillay they did the verification in may end and promised me the money by june 15 till july they dragged it and said that they need one more surity . then out of the blue they returned the verified pappers saying they cannot give me now .
how do i get my moeny back they are nto responding to complaints they are nto responding to mail .
cpn
It happened to me also. There is no clear process which these people follow. It is good lesson I have learnt by investing in Margadarshi.
Never ... Never go for Margadarshi... They are big cheats, unprofessional and you would loose all your hard earned money by investing in these scheme. It is good comparision I see from above comment. It is more than money you loose, the pain of going through the surety and they accepting it is subjective, It is all pain. Go only if you want pay and get in trouble. My advice to you all say no to Margadarshi, it is utter waste of time, money and at the end you get pain for being ontime payer of installments... Ramoji is a big cheater, and his compnay is also a big cheater...
Never ... Never go for Margadarshi... They are big cheats, unprofessional and you would loose all your hard earned money by investing in these scheme. It is good comparision I see from above comment. It is more than money you loose, the pain of going through the surety and they accepting it is subjective, It is all pain. Go only if you want pay and get in trouble. My advice to you all say no to Margadarshi, it is utter waste of time, money and at the end you get pain for being ontime payer of installments... Ramoji is a big cheater, and his compnay is also a big cheater...
I can't rate even a single star to this company.
The brand ramoji is misused and many people in this company are misusing the system. They don't disburse money on time and reject on small queries like capital letters and small letters in the name and that too of the bid owner, not the sureties. Do u think any educated people delay and prolong documentation work based on such silly queries.
The bids are completely manipulated and corrupt. I will not suggest or do any more business with this company. Trust me the values of this company have changed over a period. Don't believe the old legacy and still blindly trust a company.
All the best.
The brand ramoji is misused and many people in this company are misusing the system. They don't disburse money on time and reject on small queries like capital letters and small letters in the name and that too of the bid owner, not the sureties. Do u think any educated people delay and prolong documentation work based on such silly queries.
The bids are completely manipulated and corrupt. I will not suggest or do any more business with this company. Trust me the values of this company have changed over a period. Don't believe the old legacy and still blindly trust a company.
All the best.
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Margadarshi Chits
India
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Margadarshi chits
Posted:[protected] by A Shailaja Send email
NOT GOOD for savings profit
I invested first time in Margadarshi chits which claims better returns than banks. To my surprise, it was a loss. I withdrew afetr 34 months on 50 X 20000 scheme. Since no surity( very complicated scheme to find two surity with three years IT returns etc), they deducted balance 16X20000 and gave me[protected]=549966. Even banks with 6% would give me 599820. Even if I had waited till end, I still would lose about 5000. So pl do not fall into this trap. It is only good for business men who take early withdarwal and rotate in business. NOT FOR SIMPLE PEOPLE LOOKING TO SAVE AND EARN BETTER RETURNS THAN BANK. If you can find two surity then you can reduce your loss. See calculations below.
No Instal Cum [protected]@6% Cum bal bank with interest
[protected]
[protected]
[protected]
[protected]
[protected]
[protected] 101866
[protected] 117451
[protected] 133113
[protected] 148853
[protected] 164673
[protected] 180571
[protected] 196549
[protected] 212607
[protected] 228745
[protected] 244963
[protected] 377667
[protected] 395635
[protected] 414899
[protected] 435064
[protected] 455289
[protected] 475656
[protected] 496315
[protected] 516953
[protected] 537859
[protected] 558296
[protected] 578856 Got after 34 months
[protected] [protected] Loss
[protected] 621211
[protected] 642909
[protected] 664845
[protected] 687244
[protected] 710177
[protected] 733064
[protected] 756066 paid to another member after 42 mon
[protected] [protected] loss
[protected] 802415
[protected] 825763
[protected] 849228
[protected] 872810
[protected] 896511
[protected] 920329
[protected] 944267
[protected] 969088- frombank
950000 from Marg
at 6%