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PACL India Complaints & Reviews

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Last updated Apr 22, 2024
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PACL India reviews & complaints(2713)

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J
Jan@2024
from Bengaluru, Karnataka
Apr 22, 2024
Apr 22, 2024
This thread was updated on Apr 22, 2024
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Address:PACL India Limited, 22, 3rd Floor, Amber Tower, Sansar Chand Road, Jaipur-302004

I am the Nominee in the above mentioned PACL Bond#YG 30A 5447804 purchased by my late husband A Nagaraj on 23/02/2012 vide Registration #U[protected] dated 23/12/2012 and had paid an amount of Rs.16, 670/-. The original Bond is available with me, but i am unable to locate the office in Bengaluru and are also not aware whom to submit the Original Bond and get the maturity value.

I request the Hon'ble Authority to kindly instruct the PACL India Limited to refund the maturity value to me.

Thanks and Regards,
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PACL India customer support has been notified about the posted complaint.
Apr 22, 2024
Updated by Jan@2024
Dear Agent Friends,
Do not approach this Fraud, Fake and False Company who calls all agents from Insurance field and assures you that they will provide Good Leads which can be convertible. They assure that they have verified leads who are income tax payee, software engineers and High Net worth people who are ready to buy insurance with a premium of Rs.50k to 1 Lakh.

Once they collect the membership fee from you they will take their own sweet time to send you the leads and also send leads of poor people who are staying in slums, coolies, daily wage construction labourers, who cannot afford the premium to pay.

On 15th February, 2022, I was called by one Vignesh who is the Telecaller from this company and informed that his company is providing high quality, genuine and easily convertible leads to insurance agents and requested me to visit his office with an appointment.

After taking any appointment for 19th February, 2022, based on his assurance, I approached the Company at Jayanagar, Bengaluru and was introduced to one Tanvi by Vignesh. Tanvi explained me saying that their company is providing good leads to insurance agents and requested me to enter into an agreement with the company by paying a membership fee of Rs.59, 000/- to get quality and easily convertible leads. As I did not had that much money to pay, I paid an amount of Rs.35, 400/- only and entered into an Agreement. They prepared the Agreement on a White Paper where only their company name is printed in Colour and the rest of the matter is printed in black colour. They are collecting GST for every transaction. The Agreement is not printed on a Stamp Paper by paying stamp duty. Not sure if this is a genuine procedure. After collecting the money the Agreement was prepared which had a condition that “the responsibility of converting the leads is of the Agent and they cannot assure that the leads can be converted 100%”. Orally they said that the leads are genuine, verified customers and can be easily converted with a high premium. The Agreement also had a condition that “at no point of time the membership amount will be refunded”. After entering into the agreement they sent some leads only after 4 to 5 days on my request. I called the telephone Numbers available in the leads and found that some leads had never called Finpluss Company for any investment. Some also told that they are poor labour workers and some told that they wanted loans if available. In this ways the company is misleading the genuine insurance agents who are seriously working in the field to do business. This company is wasting the time and efforts of the insurance agents in Bengaluru.

As I could not get any genuine leads and could not convert the leads provided by the company, I approached this company again on[protected], and tried to contact Tanvi but was informed that they was on leave and one Kavitha Gowda a representative approached me to whom I explained about the issue I was facing. She introduced me to one Varun, the Manager of this Company who suggested me to pay an extra amount of Rs.23, 600/- to get good and qualified leads. When I asked him about the previous agreement and the amount paid by me, he assured that after paying the difference amount, I will be getting good leads as it will become a premium package. On his assurance, I again paid another Rs.23, 600/- and started getting the same kind of leads, as those which I was getting in my previous package. Not even ONE single lead could be converted. Whichever leads I approached already had purchased insurance or were discontinued with the policy they already had. Many of the leads were not responding to my calls. Those who received told me that this company is harassing the people by calling and forcing them to buy or invest in insurance companies.

After some months they stopped sending leads or replacement of leads and when I approached them, they assured that they will verify the leads already sent and send me good leads.

Every time when I called or approached them, a new representative would speak and assure that they will look into the matter but were not providing any solution. Fedup of their behavior and unethical business they are carrying out, I requested them to refund the entire amount of Rs.59, 000/- paid by me, through mail for which they have sent a reply that the amount cannot be refunded as per the agreement.

When they cannot refund the amount as written in the Agreement they should also maintain transparency, ethics and do a fair business as agreed and assured by them. If they are incapable to send genuine and quality leads why should they approach the agents and give the greed of making the agent MDRT, TOT OR COT. They are incapable to provide such leads.

Even today I am getting phone calls from this company asking me to approach them to become a member and start getting leads. When I inform them about the previous experience and the amount paid by me, they say that they are from different team and I have to again get a new subscription. This means the entire staff of this company are trained to call people and try to snatch the hard earned money from the insurance agents.

My humble request to all insurance agents not to entertain their call at all. Please do not fall prey for their sweet assurance and approach their company. Once you visit their company, they will take you to a separate room to discuss 1 on 1 and try to subscribe to their company by paying huge amount at the spot with online payments.

I request the Hon’ble Authority to kindly instruct the Company to refund the amount paid by me.
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    A
    Akhila Bussari
    from hyderabad, Andhra Pradesh
    Apr 22, 2024
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    Without Knowing i selected "Yes" option in the land allotment field in application form for more than 10 applications. I did not get any refund because this reason. Please i am requesting for the solution for the land allotment YES Option. If SEBI will give edit option for those applications it will be helpful for me.
    PACL India customer support has been notified about the posted complaint.
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      R
      R kumar Aggwal
      from Gurugram, Haryana
      Mar 20, 2024
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      Investment

      Address:Nahru place

      I invested 125000 rupees registration no u[protected] dated 19 August 2010 but till date no money received....
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      R
      R kumar Aggwal
      from Gurugram, Haryana
      Mar 20, 2024
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      Invest

      Address:Nehru place

      I invented in 125000 in years 2010 in pacl india limited but till date no money received....
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      P
      PRAYAG INFOTECH HI-RISE LIMITED
      from New Delhi, Delhi
      Feb 28, 2024
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      Sub: Request for reimbursement of maturity amount Reg. PACK

      Address:SEBI Bhawan, Plot No.C4-A, 'G' Block, Kurla Complex, Bandra (East), Mumbai – 400051 PACL Limited is 7th Floor Gopaldas Bhawan 28, Barakhamba Road New
      Website:www.sebipaclrefund.co.in www.paclltd.com

      PACL. U[protected] started dated 31.03.2012 and maturity date 31.03.2018 I'm Rukhsar I'm pay continuously from year 2012 to year 2014
      So do the needful to refund my money as soon as possible. My financial sound is very week....
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      PRAYAG INFOTECH HI-RISE LIMITED
      from New Delhi, Delhi
      Feb 28, 2024
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      Sub: Request for reimbursement of maturity amount Reg.

      Address:SEBI Bhawan, Plot No.C4-A, 'G' Block, Kurla Complex, Bandra (East), Mumbai 400051PACL Limited is 7th Floor Gopaldas Bhawan 28, Barakhamba Road New De

      Ref: PACL. U[protected] started dated 10.13.2012 and maturity date 10.09.2017
      I'm Asaraf ali I'm pay continuously from year 2012 to year 2014
      So do the needful to refund my money as soon as possible. My financial sound is very week....
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      K
      Kamalammal2009
      from Vellore, Tamil Nadu
      Dec 8, 2023
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      Non claiming of pacl amount

      Address:No 345/3-22A , Sengundar Street, Virinchipuram, Vellore-632104

      Respected sir We have received the letter from PACL limited on 07. 12.2023 letter No is JRMLC/PACL/V8/Vg668/47866/1/2023 dated[protected], unfortunately the intimation letter has reached delay due to i am not able to clamed before 31 November of the clime, So please clarify the same for applying online for submission...
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      V
      voragamler
      from Mumbai, Maharashtra
      Nov 23, 2023
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      Refund for Amt. invested Rs. 20,004/-

      I had invested Rs. 20, 004/- in PACL India Ltd. & sent letter also to the co. but it was returned. Now I am trying to contact co. but can't be contacted. Please get my money back....
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      N
      Nitin singh solanki
      from Dewas, Madhya Pradesh
      Nov 9, 2023
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      Money refund our policy

      Priya
      Sir/medam hamne pacl pearls india limited me bima karwaya tha tatha uski meturity bhi ho chuki hai lekin abhi tak hame koi rashi/money prapt nahi hue hai. Uprokt visayauntargat apse vinamr nivedan hai ki hamara pesa dilwane ka kashth kare. Ummid hai ki aap meri pida ko samjhenge.
      Thankyou...
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      B
      basantkumar5658
      Oct 6, 2023
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      Payment not received from PACL

      Dear Sir/Madam,
      I had invested RS. 10000 in PACL INDIA LTD. in the year[protected] & receipt no. 3647180 . Maturity date have already gone but PACL is not refunding my money. I received an email on[protected] from customer service that PACL will contact me but till date nobody contact me for refund. I need my refund money as soon as possible....
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      R
      RADHA VINOD
      Sep 6, 2023
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      About refund application submitted

      Address:VADASSERIYIL HOUSE, PUNNAYAM

      While filling the details of refund application of PACL, an error occured that the answer for land allotted is shown as 'yes' wrongly, instead of enter 'No".
      Then what shall I do for correcting my already submitted application???...
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      P
      Parveen Kumar Singla
      from Hisar, Haryana
      Aug 15, 2023
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      Refund of 4 FDRS (3 of mine and 1 of my wife).

      Address:71,Professor Colony,Balsamand Road,Hisar,Haryana-125001
      Website:71,Professor Colony,Balsamand Road,Hisar,Haryana-125001

      Sir/Madam
      We had opened four FDRs with PACL INDIA Limited after the name of Parveen kumar (3 FDRs) and Lalita Rani w/o Parveen Kumar (1 FDR) . Three FDRs that were named after Parveen Kumar were 1. FD number 3302834 issued on 25/09/2006 amounting Rs. 10000/ 2.FD number 5502251 issued on 10/11/2006 amounting Rs. 7500/.3. FD number 5502252 issued on 10/11/2008 amounting Rs. 62500/ 4. FD number 9522619 issued on 9522619 amounting Rs....
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      Meghnathv1968
      from Raipur, Chhattisgarh
      Jul 24, 2023
      Resolved
      The complaint is marked as resolved when a company has responded to the complainant, addressed his or her dissatisfaction, and came to an agreement where both parties agreed that the complaint is indeed resolved. However, a complaint can be automatically marked as resolved if a complainant isn't responding or updating a complaint for 30 days after the company has tried to reach the complainant.
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      Resolved
      The complaint is marked as resolved when a company has responded to the complainant, addressed his or her dissatisfaction, and came to an agreement where both parties agreed that the complaint is indeed resolved. However, a complaint can be automatically marked as resolved if a complainant isn't responding or updating a complaint for 30 days after the company has tried to reach the complainant.

      My Chit Fund money return I'm a registered user of pacl.. but still now I have not received my amount. NAME - meghnath verma

      Address:Village jarauda near ravan chaura post tarra raipur chhattisgarh 493111

      प्रिय महोदय/महोदया,

      मैंने अपना रिफंड आवेदन 22 मार्च NAME - meghnat verma 2019 को जमा किया था। उस समय मुझे संदेश मिला कि सर्टिफिकेट पीएसीएल रिफंड के लिए आपका दावा आवेदन सफलतापूर्वक...
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      Meghnath1968
      from Raipur, Chhattisgarh
      Jul 23, 2023
      Resolved
      The complaint is marked as resolved when a company has responded to the complainant, addressed his or her dissatisfaction, and came to an agreement where both parties agreed that the complaint is indeed resolved. However, a complaint can be automatically marked as resolved if a complainant isn't responding or updating a complaint for 30 days after the company has tried to reach the complainant.
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      Resolved
      The complaint is marked as resolved when a company has responded to the complainant, addressed his or her dissatisfaction, and came to an agreement where both parties agreed that the complaint is indeed resolved. However, a complaint can be automatically marked as resolved if a complainant isn't responding or updating a complaint for 30 days after the company has tried to reach the complainant.

      Chit fund return money I'm a registered user of pacl.. but still now I have not received my amount. NAME - meghnat verma

      Address:Village godhi nera krishna mandir Post mohadi hari om house raipur chhattisgarh 493111

      प्रिय महोदय/महोदया,

      मैंने अपना रिफंड आवेदन 22 मार्च NAME - meghnat verma 2019 को जमा किया था। उस समय मुझे संदेश मिला कि सर्टिफिकेट पीएसीएल रिफंड के लिए आपका दावा आवेदन सफलतापूर्वक...
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      Meghnath1969
      from Raipur, Uttarakhand
      Jul 23, 2023
      Resolved
      The complaint is marked as resolved when a company has responded to the complainant, addressed his or her dissatisfaction, and came to an agreement where both parties agreed that the complaint is indeed resolved. However, a complaint can be automatically marked as resolved if a complainant isn't responding or updating a complaint for 30 days after the company has tried to reach the complainant.
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      Resolved
      The complaint is marked as resolved when a company has responded to the complainant, addressed his or her dissatisfaction, and came to an agreement where both parties agreed that the complaint is indeed resolved. However, a complaint can be automatically marked as resolved if a complainant isn't responding or updating a complaint for 30 days after the company has tried to reach the complainant.

      Chit Fund money return I'm a registered user of pacl.. but still now I have not received my amount. NAME - meghnath verma

      Address:S/o nilakanth verma Village godhi hari om house nera krishna mandir Post mohadi hari om house raipur chhattisgarh 493111

      प्रिय महोदय/महोदया,

      मैंने अपना रिफंड आवेदन 22 मार्च 2019 को जमा किया था। उस समय मुझे संदेश मिला कि सर्टिफिकेट नंबर यू [संरक्षित] के पीएसीएल रिफंड के लिए आपका दावा आवेदन...
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      Sakunthala BS
      Jul 12, 2023
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      Money laundering

      Address:64 D madurai road 4th floor,Nellai plaza,op to Hotel Aryaas,Tirunelveli

      I'm a registered user of pacl.. but still now I have not received my amount. REG NO - U[protected]. NAME - A.George raj...
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      R
      raj4445567
      Jun 26, 2023
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      Land Allotment field mistakenly selected as - yes

      Dear Sir / Madam,

      I had submitted my refund application on 22nd March 2019. At that time I got message, Your claim application for PACL refund of certificate number U[protected] is successfully submitted. I wrongly selected the land allotment field - yes. How do I edit my mistake.
      When checking the pacl enquiry, it is showing
      Claim application status:
      Your application (PACL Certificate No. - U[protected]...
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      J
      Joby John Mullasseril
      from Delhi, Delhi
      Jun 21, 2023
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      Regarding withdrawal of the amount from PACL

      Dear sir/madam,
      I have already submitted all my pacl certificates & receipts to the persons who were working in your pacl company, branch when i visited your company which was located in Kerala but now your company has been closed. Hence, i am solemnly requesting you to send the scanned soft copies of my pacl certificates & receipts to my email address: [protected]@gmail.com

      The registration no. of my pacl certificates...
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      D
      DEEPIKA 1
      May 18, 2023
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      Money not received till date

      Address:sebi bhawan mumbai

      Why complaint is not resolved till now aaap galt mssg kyu de rhe ho ki meri complaint resolve hogyi telling lie so many investor has given their money in pacl so that their child future is save and this company break whole trust why this company has breaken trust and now taking so much time to give our money back this is not fair nobody is listening our problem jbb pacl ko paisa lene hi thee jbb tho le liye abb vapis dene me etna time kyu...
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      Your application (PACL Certificate No. - number) could not be processed further as you have declared Yes for Land allotted field in the claim application.

      This are the things shown while check for my refund status for PACL india.

      kindly please help us with this issue cant able to edit the application or else give me a solution for this issue ASAP....
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