[Resolved]  Pancard Clubs Ltd — Cheating

If you deposit Rs 10000. They pay out commission of 2630. Hence amount remaining is 7370. Maturity amount at the rate of 12.5% at end of three years is Rs 14238. The effective rate of interest is 24.5%. Can a Company sustain this kind of Rate? The answer is "Yes, Why not". But the question is when Banks give loans at a much lower rate like 18% then why should you adopt a distribution model where you end up paying more interest? The reason can be that Banks don't find you credit worthy. If so then neither do I.

I am very satisfied with Pancard Clubs Ltd. From last 3 year I always get the maturity cheque one month in advance.I already deposit quite a lot amount in this company.Bercause I trust this company very much.I never had any problem with this company.Maturity claim is depend of all of you.When you submit your bond at the company.If you submit your maturity bond in two month advance.You will always recived the cheque in one month advance.Company never cheat me until now.I am investing my money to this company last 5 year. So keep your trust on this company.

I am also employees of this company this compnay provide PF no which is faulse.

my policy maturity on 28/02/02015 but till date not received the cheque ACK NO-27817

Hi Consumer Complaint Forum, I am an investor for this PAN CARD CLUB Group, I have invested in 3 schemes of this company. My first Scheme or certificate was matured on 18th April 2015, prior to this I went to their Mahim as well as Elphiston Office. I am shifted in Bangalore since last 2 yrs, I requested them to refund my matured amount when I was there in Mumbai. But these entire team denied for making the payment before Due date. Later I discussed this issue with one if their Manager Mr. Digambar Kadam at their Mahim office, he assured me that I will get my payment prior two days of my maturity i.e. 18th April 2I015 and he also assured that my agent can come and collect a cheque anytime after 15th April 2015. Accordingly I have requested my Agent to go to Mahim office and collect the cheque. Several time he went their but at last in this month on 13th August 2015 he received the cheque which is a Post dated for[protected]. Why I should received my money after due date? Why they cant provide a cheque of current /Maturity date?I have two other schemes also with me which I have stopped since Nov. 2014. I asked them to refund my invested amount and I don't require any interest on this. But this people are denying to make the payment and asked me to continue till the all installments and I will received that amount only after Maturity that is somewhere in 2017 Its really frustrating. I need my money back as I have some financial problems. I should received my all invested money refund and those also not with the post dated check.
Please let me know how I should take an action against PAN CARD and received my Money back.

Sanjay Parab
[protected]

To,
CSC Team, Pancard Clubs Ltd., Tel No. 61578777, CSC
ashok.[protected]@panoramicworld.biz,[protected]
rahul.[protected]@panoramicworld.biz
suresh.[protected]@panoramicworld.biz
arun.[protected]@panoramicworld.biz
Tel: 6157 8735/ 8700/8710, (NO ONE IS PICKING UP THE PHONES)

PANCARD CLUBS LTD, Khatao House, 1st Floor, Behind Johnson & Johnson, Mahim West, Mumbai 400016.

REMINDER: Ref No: PCL/CSC/15-16/941 : PLEASE REPLY & DO THE NEEDFUL.
Reference to:
1.(FOLIO NO AST-570,[protected], Expiry of Membership: 03/02/2015/ MATURITY)
2. (FOLIO NO AST-569,[protected], Expiry of Membership: 03/02/2015 / MATURITY)

PANCARD CLUBS issued to us the matured amount through CHEQUES (BOUNCED/ DIS-HONOURED):
Cheque No:[protected]-[protected] for Rs 74, 800/- and
Cheque No:[protected]-[protected] for Rs 74, 800/-

BOTH the cheques HAVE BEEN DIS-HONOURED DUE TO INSUFFICIENT FUNDS

KINDLY DO THE NEEDFUL, With Regards & Thanks

AJIT and AMIT
DATE: 5th Nov. 2015.

This is bogus marathi people money.

Hi Everybody,
My mother invested Rs. 30800/- in 2007 for 9 years fixed deposit.But unfortunately last year my parents passed away. My father was nominee for the same. Now this policy is matured in 2016.
So please give suggestions for refund of Rs. 91000/- as early because I am facing so many problems due to loan.

सिंधुदुर्ग जिल्हा मध्ये गुंतवणुक दारांच्या तक्रारी बाबत companine काय निर्णय घेतला ?

I was an agent and also invested upto 9 lacs ... so I am worrying now.. My father is in tense. Please guide us. will we get returns on maturity date.

I was an agent and also invested upto 9 lacs ... so I am worrying now.. My father is in tense. Please guide us. will we get returns on maturity date. my maturity dates are on 2017 an 2019.. we wont have alternative than suicide if we wont get that amount... call me on [protected]

I. Ashish H Manjrekar, would like to surrender my Membership certificate before Maturity. I have also given one request letter to Pancard Clubs Ltd. They ask me to wait for one month and after that they will let me know. So Can we surrender the same before maturity? Please advise.

I have a bad experience of panoramic group. I had invested 10800 but when there is maturity time company gives maturity cheque at mahim which was hectic to go all from central to western for me. Secondly now company don't give cheque of date on which our maturity is. They are giving cheque after six months of our maturity date. i.e. my maturity is on july but company is giving December date that cheque to bounce and came back to me.
I want my money back from Pan Card Club.

At the time of collection pan card club members come forward, but now when its over due bond, pan card club employee sates they don't have fund to pay public dues. our hardest money we will not let it go.

At the time of collection pan card club members come forward, but now when its over due bond, pan card club employee sates they don't have fund to pay public dues. our hardest money we will not let it go.

My room nights deposit is due since may 2015, I surrender certificate in June 2015, but no refund yet, and sent back every time go come next week, really a cheat.

This message is to all people, keep in mind that anybody or anyone is offering you more interest then the banks or as per the government regulation, is only trying to dupe you, before you invest in any such schemes, please inquire with the agent as to what product the company has or what business the company is in.

Also before you invest please do google check on the company profile, its owners and the directors.

I have invested in Pan card club in 2007 but till date no boudy responding for repayment of my investment. So please help me to re collection of my money.

Nitin Patel
[protected]

My mother in law invested 4 lac in PAN CARD company and her maturity was on 11th feb 2016 but still she din't get any maturity amount. All people are saying that PAN CARD company is fraud and all and also Agent not answering any call. Kindly guide me what should i do & where should I visit.

We need to club all members and joint complaint towards pan card club.