Muthoot Complaints & Reviews

Muthoot Finance and all gold loan companies are creating problems to the common people through their improper and notorious attitudes...
1. Employee bond for 2-3 years.
2. Recovery of salary if their internal auditors are saying wrong on the quality of gold.(Thus may be as per companies hidden agenda to retain staffs, if they have to pay huge amount for releasing their certificates.
3. Interest rates of muthoot and manappuram gold loan is very high, and creates problem to common people to repay the amount.
4.RBI people are getting bribes from these companies without any doubt.
5.KYC norms are very weak.
6. Black money are converting to white money with the help of NBFCs
7. Sources of funds for Muthoot Finance?.
8. Recovery people of Muthoot Finance are very notorious for the wrong doing in past.
9.Money matters- No one in the Govt. level is speaking against Muthoot or Manappuram.
10. Totally out of control from RBI...
11. Employees are the exploiting devices for the company.
12. Employee bond even forces employees to suicide.(some cases reported- but 'money matters...'
13. Interest rates are 30%... for common people.

Foreign exchanges and Money transfer are the areas of fraud for big guns...

My Name is Satish and My Mob No. [protected] I want to Disconnect my caller tune immediately. As it has been wrong activated and iam facing lot of problem in my office.

Regards,

Satish

Muthoot Finance — P.F. AMOUNT WITHDRAWAL

Dear Sir,

i employed with Muthoot Finance, in stead of regular request and reminder, they are nor clearing my account, pls help and guide me to withdwaw my P.F. money.

Regard

Rajeev Mittal

i employed with Muthoot Finance, i want my pf amount
pls kindly do the needful

Hi,

I too agree with these people are big robbers. Trying to make most uneducated and unaware people who pledge their gold to get some urgent money. When i came to know about their malpractice i paid their due amount with finance help from my family and friends and owed i never have any business with muthoot finance or any of their company and i will not advise this to my family and friends also. Moreover these people think they are monopoly. I tell these looser. By cheating people they will be a big looser. They will thrown out of market by people.
I had bad experience at muthoot, Cambridge road, Ulsoor Bangalore branch.
Regards,
Praveen

We hereby request you to look into the above matter personally a

Thanks in advance for your kind help and support. We will b awaited your response.

Thanking You,

Sudhanshu Bhatnagar/ Ms Monica Bhatnagar
F-1, C-91/A, Ext-2, Shalimar Garden
Sahibabad, Gzb U.p 201005
Cell: [protected]/[protected]

Sub: Day Light Robbery in your bank’s premises on dated 31.10.2010.

Dear Sir,

We took loan of RS 34000.00 from Muthoot Gold finance company in the month of June under CUSTOMER ID: 220( MPC NO.[protected].

On November 17th we went to bank for paying the full fledged loan amount which we taken against our gold submitted in your branch and wanted to settle our loan account but there we came to know that the robbery has been held in the Bank 17 days back and our all the gold was robbed from the bank including other customers. Taking this serious incident in consideration no body from the bank officals has bothered to inform us from 31.10.10 till 17.11.10. We always get timely alarm for monthly interest through message service but no body intimated us about this mishappening.

After looking at the careless attitude of the bank and the way bank is dealing with the situation we feel MF (MUTHOOT FINANCE) is one of the worst finance company we have ever seen. It is Bank’s pure negligence for the absence of proper security system and the non working condition of CCTV which should have been installed in the bank for the protection of their customer’s belongings as well as for the staff to safe guard themselves against such a hazardous situation. They are real killer of customers, there should be exemplary action against such banks.


During our meeting with your bank officals, we were informed that the investigation is going on but it is almost 30 days and we are still waiting for the outcome. Moreover your efficient bank officals asked us to pay the interest from 30.10.10 till the settlement of the case. But we would like to put it in your notice that the interest was supposed to b paid against the mortgage which we had kept in your custody but now when the gold is robbed there is no point of paying the interest, so the MUTHOOT have bear it on our behalf.

We were also insisted to settle the case either taking the gold available in the company or the balance amount after deducting the loan amount on our account. But neither we are interested in the company’s Gold nor satisfied with the bank rembursement proceedure because the bank is settling the loan on the base of the approx gold value.

During the loan process the gold value was taken on approx weight and as per the market rate whereas our gold ornaments was containing Diamonds and pearls which was not taken into the consideration during loan process and the value was not included in the loan amount. Now when the ornaments are lost who will bear the cost of the Diamonds and pearl which was the part of the gold. Also the value of the gold is calculated on the base of 18 carat whereas our Gold was KDM (24 CARAT).

Last but not least in this whole scenerio you people have played with the sentiments and emotions of your customer which you cannot calculate in weight or value and that amount will always b credited on your company account.


We hereby request you to look into the above matter personally and consider the above point during the reimbursement.

Thanks in advance for your kind help and support. We will b awaited your response.

Thanking You,

Sudhanshu Bhatnagar/ Ms Monica Bhatnagar
F-1, C-91/A, Ext-2, Shalimar Garden
Sahibabad, Gzb U.p 201005
Cell: [protected]/[protected]

DEAR SIR
I REQUEST MY DP ID 12064900 MY CLIENT ID 00009740, DP NAME-ALB STOCK BROKING PVT LTD AND BSE CODE 934834 MFINNCD1F 12.25% SHARE -35,
MY BANK A/C-0175GH1053001, INDUSIND BANK LTD, MANINAGAR BRANCH AHM IS NOT CREDIT INTERST MY A/C PLEASE MY MOBILE NO-[protected]
REPLY ME ARGENT

Mr Sudhanshu Bhatnagar/Ms Monica Bhatnagar KDM means 22 carat K

Mr Sudhanshu Bhatnagar/Ms Monica Bhatnagar

Muthoot is a biggest company in india they have more then 4500 branches in india i think muthoot is very good company and the did not taken 24 carat gold means gold coin and gold bar.

Muthoot Finance has so many substandard staff. Some of them do not even know how to use Computers and the emails that we send to them are not even replied to. The customer service is really bad. there has been many frauds at Muthoot where even Branch managers have been involved. The auditing and security checks that they have is very substandard.

In above reference we are still awaiting the result. no one is listening to our complaint since last 10years

THE PROBLEM HAS BEEN RESOLVED, PLEASE CONSIDER THE COMPLAINT TO BE CLOSED AT YOUR END.

THANKS
MUTHOOT FINCORP LTD
K 23, FRIST FLOOR,
SECTOR 18, NOIDA
[protected]/ [protected]

sd — my pan card is not got it

My pan card is not till date recived my application no is given below-
Form No- 49 A Sr.No[protected]
Date- 8.9.2008
Cupon No[protected]

So please inform me My Cell No [protected]

SIR/MADAM

MY NAME : SUNIL KUMAR
ACKNOWLEDGMENT NUMBER : [protected]
3MARCH 2010 DELIVERD OVERNITE EXPRESS LTD. BILL NO. [protected] BUT NOT RECIVED IN MY PAN CARD . I NEED IN PAN CARD.
SO PLS SEND IN MY PAN CARD.
THANKYOU

Muthoot Fincorp Ltd — NOT DELIVERED

RLAD A 4617 SENT THRO INDIRANAGAR 560038 IS NOT DELIVERED
WT.998GRAMS/ AMT. RS.270 DT.27/07/2009 12:57HRS
ADDRESSED TO
JOHN MATHEW SEBASTTA
MUTHOOT TOWERS
COCHIN-682035 IS UNDELIVERED
PLEASE TRACE OUT

I joined muthoot finace ltd, delhi region on 7th dec 2009with a three year bond, i have given my certificates as the bond security. To break the bond i have to pay last drawn two months salary. and i waws working with the company till march 2010. suddeny i went to kerala on leave om 15 march because of typhoid and infection in blood. before i went to kerala i have informed this thing to the higher authority through phone.

during the leave period i called the hgher authorities regarding the documents that sould be submitted by me to re-join the same job. they they told me to bring the medical certificate and and a leave application

after six months when i came here in delhi and i submitted all the medical certificate for the said peroid and submitted the application for re-joining,

they told me to wait for one week get the application processed

after the said period they now sayong that i cannot join the company again...



The real problem is company is neither terminating me nor not allowing me to re-join

they are asking me for my resignation letter and the two months salary for the certificate get relieved


what shoul i do in this situation? i need a solution for this problem

you should serve one month notice and if the do not hear dont wait, file a case in the law of court without waisting time

Dear Mr.Dharampal Gurasia,

It is rather surprising that you have named Muthoot Fincorp Ltd in your complaint rather than lodge a complaint against the courier company thru whom you have despatched your documents.

Secondly, even if you have th POD, please check the authenticity of the same. Many a times the delivery boys sign on the POD themselves and submit it as a proof of having delivered the documents.

Thanks and Regards

CRavindra Menon

regarding courier deliver .i had received the documents there is no issue