[Resolved]  Shriram Chit Funds — Fraud in chits

They are arrogant people whom i had never seen in my life, especially tambaram branch in Chennai . They use most abusive language while collecting money if it being delayed payment, they won't even wait just two month, including even the ladies who work for collecting job do the same. Please for heaven sake don't go to shriram group for any thing.please, please, don't ever think of shriram groups.

Shriram Chits private ltd — Refund amount pending

To, 21.03.2011
The Director
Shriram Chits Tamilnadu Private Limited
Greams Road
Chennai 600006


From,
S.Govindarajan
Old no 15, New no 21
Sreeni Vasa Street
West K.K.Nagar
Chennai 600078




Sir,


Sub:- Refund Amount Pending in Your K.K.Nagar Branch


I will Give a Cheque to join a New Chit for Rupees One Lakh at Your K.K.Nagar on 17.10.2007 ( Cheque No 753612 Indian Bank Valasaravakkam Branch for Rupees 14,000 ) After I will Contact your Branch so many times he was not reply properly. Than January Month your manger says the groups was not joined so within a week I refund a amount .But after six months he refund amount 10,500.00 only .Still date the Balance amount with interest now nearly 15,000 Rupees .This a Last intimation to without failing the refund the amount within 10 Days otherwise we will take a legal action.

Further please you do not cheat a people this type.




Yours Faithfully

(S.Govindarajan)

Copy to;- 1) The Manger, Shriram Chits K.K.Nagar Branch
2) Honble Judge Consumer Court Mylpore
3) The Consumer Credit Private Ltd, Chennai.
4) The Press Information Centre, Shasthri Bhavan, Chennai
5) The Director, Indian consumer complaints forum

Nellore,
25/04/2011.
To
Sir Ram city,
Respected sir,
I Mr Badri.Hari Babu having an loan account holder No CTFNELL20001737.
Sir I have taken loan 1cros Rs in your companey deted 1-03-11. Whill take the amount I asked your executives the date of payment every month. They told me 15th of every month. But also I asked them that I am taking the amount at 1st march so up to due date you are going to charge. They told me that 1st month from date of Issues the charges up to 15th will be the principle and Interest will be charged from next month every 15th we will present the cheque . But here 1st month it self they have charged the whole amount of intrest and principle including the 16 days. I hope you understand 16 days intrest in not a small amount it comes more than a Rs.1, 20, 000.00/- .
I have also deposited 3 Lakhs of amount in your Insurance company and also paying for 50 Lakhs of Rs. Chits 2 numbers of chits.
Still now I din’t get any type of xerox agrements papers and xerox documents of my site. I don’t won’t to explain more in this matter. Sir I hope you will take very nessary actions in this regard .

Thanking you sir.

By:
Badri.Hari Babu.
Email:Badri.[protected]@yahoo.com
cell:[protected].

sri ram communication — cancellation of tickets

on 24.04.2011 we booked seven tickets from nagpur to jammu for date 13
.05.2011 by shri ram communication nagpur khamla, we on 25.05.2011 requested for cancellation of the same and he cancelled same, but he took 650 rs. for cancellation of above seven tickets. so a stern action should be taken against him.

Hi, I thought to invest in Chits, after seeing all these comments and hurdles from all, i dropped opting for chits. Thank you all posting your experiences here.

Yes! they totally cheated, I just recognised .
I was on the draw, but they play very tricky, they told me already some people requested so and so money so you can ask more than that other wise we will give who is the top most bidder. Then that amount was little high so I said I am not interested, but after when I pay next premium I noticed that they given very less amount instead of 86, 000 they mentioned 96, 000 is last bid. but even 90, 000 iam ready to take but they mentioned alrady some one asked 86, 000 but actually they given to 96, 000 so who ever paying premium is also more and I hope that they took themselves. CARE FULL! everyone Should CAREFULL! I asked the BM but they said nobody on that day during draw! yes I don't have any evidence but I signed that particular day but this also they can change.
EVERYONE SHOULD CARE MORE on the day thefter.

I also agree with you. Shriram chit fund is on of the fraudest company in Andhara Pradesh, I also faced lot from from Shriram Chits Hyderabad, Dilsukh Nagar Branck,

Regards,
Vadluri Sreenu

One of the FRAUD CHIT FUND in AP, HERABAD IS SHRI RAM CHITS Dislukh Nagar Branch.

stupid shriram chits
dont put any chits in shiram
its a bid headache process to get money back from them
and there are many fraud agents in that company

To., Manager Ameerpet Branch
while entering the chit the agent has shown a pamphlet showing the gift of water bag and tiff-en box to me .But while giving he offered a simple two plastic boxes which are refused by me..They are taken my sign in token of receipt of the gift. Requested to issue of gift as shown at the time of entering in to the Chit... Yourssubscriber chit no. OMP26/11

no body should take chits in madanapalli branch because the manager and staff are very cunning

i have 5lak chit in sriram chits.the sales Ex told to me i will bid the chit 3rd month, but he bid 5th mount, i will given 3 Gov., employs security.the manager asking 1lak security.i told pls take 50.000.he was delay last 2 mounts.i will told pls cancel my chit and give money back, they are asking 25000 for processing fee.

Dear Sir / Madam,

It is mandatory for a Chit company to provide details about the permission they have obtained from the Additional Registrar of Chits clearly indicating the date of approval of the Chit. Also permision is obtained only after depositng 2 times the Chit value as security deposit. No chit can be started without such approval.

It is widely held that Chit companies violate this rule. They apply to the Additional Registrar of Chits and then immediately start the chit even without approval. They then collect the first 2 installments and only then pay the security deposit. This is against the law and will attract penal provisions against the top management of the chit fund in question. Please ask your chit company to provide you Chit group approval details and date of commencement of chit and also list of group members in a chit and also the dates on which they have taken the money from the chit subscribers.

If you can prove that they have violated the law, then you can pursue a case legally against them.
You can also file RTI application to get the information from the Additional Registrar of Chits. Use this opportunity to ask questions. You will get your justice.

We are all fighting Shriram Chits individually. Let us form an association of Shriram Chits Investers and Borrowers association and register it. Once we have an association we can file cases on Shriram on behalf of the association and we will be heard better in courts of law and other government departments where we are not able to get justice. I request one of you to take the initiative to do this.

Together we will be stronger and we will be able to help innocent people who are victims of such chit companies.

shri ram group of companies — personal

pujya shri nirmal baba plz can i help me because i am very satisfiey so i will meet you personal appointed my name ramji thakur mo.no. [protected]

Hai everybody,

Please do not invest in Shriram chits at Coimbatore, Saibabacolony branch. All are cheaters, very shame Shriram chits, All are fraud. Nobody is working there, no response, no communication, no guidance... Only they are interested in collecting money. Even Manager is not guiding the people, very worst service...

Prabhakar

My self R Durai Samy I purchased a Vehicle for TVS Scooty pep on finance with Shriram Finance at Tirupur. Company his Agreement No. 6270009, his EMI going on Rs. 2137/- per month i have paid for cash on every month date of _____07th.

I have already fully paid for loan closed amount of Rs 14, 937 /- on Dt 10/12/2011. His Receipt No. 942226. but not yet received the Oiginal RC book with NOC. Kindly issue the RC book with NOC immediately.


mobile no:
[protected]

i have two chit in porur branch i have taken the bid before two months and two manager has been changed in the branch . the branch manager and staff are not co operating and tili now i have not recd my payments.
they have cheated me in bidding with increase of chit value.so i please beg you that no body should join with the sri ram chits and fall in to there cheating business.

I am the customer of Mylapore branch Address No.21, EAST MADA STREET, MYLAPORE PH:42100245 AS THROUGH MY RELATION I GOT INTO SHIRAM HE GOT THE COMMISSION FOR 25 LAC CHIT 1% AS COMMISSION RS.25000/- HE LEFT AND WENT NOW I AM SUFFERING A LOT THE CHEATING AND CHIT THERE IS NO DIFFERENCE I FEEL THE PEOPLE ALL CHEAT ME THEY PLAY INSIDE THE BID THEY KEEP THEY STAFF AS THE CUSTOMER AND BID THE AMOUNT AND THE MANAGER WILL NOT AVALIABLE IN THE OFFICE ALWAYS AS HE WILL BE IN THE MEETING AND TELL THAT I AM OUT OF OFFICE IF YOU CALL HIM HE WILL BE IN THE OFFICE AND TELL HE IS OUT OF STATION.21

Really its fraud one in Chirala branch i have one chit of 100000 after the auction thay delayed for 2 months but still thay have not paid you can look at my chit no 76001/12 This is purna chand from Ballikurava mandal praja parishad Jr Asst