[Resolved]  Shriram Chit Funds — arrogant manager in Basavanagudi Branch at Bangalore

I, Ramprakash, K is a chit holder of 50K at Basavangudi, Bangalore for past 16 months. I am regularly attending the chit bidding on 14th of every month. We cannot bid the chit as they have their own agent who will be taking the chit. Today when I bid for 10, 800 the given time was over(Five minutes) even after that agent bid for 10850 and manager of that branch said it is that agent who has bid in time. When I asked him how many chits that agent holds and if he is taking it continously, why should we attend the chit. Everybody knows how much commission the manager has taken and how well he will make the plot ready for the agents, But everybody is afraid that he man handles with the help of manager's gundas and supporters like agents. I don't know what action will be taken against him or i don't know what is that manager is going to do to me. I have already written a letter and kept it ready(even if he kills me) to take necessary steps after my death since I don't have any support against this person.

I wanted to know the correct procedure of these chits, like
1) do we have the rights to know the agent details and other bidders
2) Does the agent can bid in all the chits or the bidders should bid for chit
( As for as my knowledge goes agent cannot bid and manager should give the details)
3) Can I go to consumer court or Lokayukta or police to take the help

Thanking you for giving this opportunity

Ram Prakash.K
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Aug 14, 2020
Complaint marked as Resolved 
Complaint comments  2 CommentsShareTweet


I invested Rs.0 in Sriram and I am very happy with their process :)
I am S.Shanthi, working in postal department. For past 2years i was paying chit in Shriram chit fund in ALANDUR branch Chennai 16. Few days back i received a letter like it was PRICED, but i dint take any money. Without my permission they did something and cheated me. So that i gave a complaint, but till now i dint get any response. So please kindly solve my problem as soon as possible
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