Sahara Credit Cooperative Society Ltd — maturity payment delayed

Address:

Dhanbad, Jharkhand, 828301

Dear sir,

My daily savings account no [protected] date of maturity 31 august 2018 has not paid yet. As per company’s rule maturity payment should be cleared with a maximum delay of 35 days.in this account delay of this account is crossed 50 days today. I expect fix deposit interest rate for this delay as this is incompetency of the company officials who failed to comply their own terms.
This is not the first time i facing the problem. Last month my account no. [protected] (Date of maturity 10 august 2018), has delayed for 60 days. Majority of my maturity payments are delayed due to their own faults.
Kindly note following irregularities of sahara india branch code fc 1120 which i personally faced:
1. The officials of sahara india phushbunglow branch code fc 1120, address anila mansion, phushbunglow, post bhaga, dist dhanbad, jharkhand is intentionally delaying maturity payment of investors. Their motto is to acquire more interest from investor’s money.

2. Investors are forced to run from pillar to post for their maturity payment.

3. The officials/collectors of the company keep pressure to re-invest the maturity payment to other schemes.

4. Delayed payments are compensated with very poor interest rate which is less then savings bank interest rate. The delayed payment interest should be at the rate of fix deposit rates of any nationalized bank.

5. Apart from delay payment, the company issues account payee cheque even for small amount also. It takes 3 to 5 days more time to get debited in the account. This is also a calculated act of company officials so that they can acquire more interest from investor’s money.

6. Office record is not maintained properly. For these reasons investors are asked to submit documents repeatedly.

Kindly be gracious in this regards and oblize.