Shriram Chits Complaints & Reviews

Dear Sir/Madam,
I am writing to formally raise a grievance regarding the prolonged and unjustified delay in releasing the maturity proceeds of a bond originally held by my wife's grandfather under the following details:
Bond Certificate Number: ZZC-5828473
Name of Original Holder: KOPPARTHI LIKHITA
Date of Investment : 10-NOV-2000
Date of Maturity: 10-MAY-2012
Branch: VIZAG N. A. D - 3056713br...

Branch manager is telling lies amt chit praise amount and misleading us with wrong promises...

Group:88002, ticket:14, k.sivakumar raju, lifted 20 lakhs chit in December 2023.we submitted all documents on 9/1/2024.we have not received our chit amount till date 45 days over since chit lifted.payement not done solar by madanapalle shri chits manager.please take action in this matter and arrange payement at early date.chit reference:88002/14. K.sivakumar raju

I am trying to make the Chit payment for the month of Feb 24. the Mob App is currently not working fine, so when i tried to make the payment online, the due amount which was updated is of Jan Month. till Jan month i have already made all my payments. i want to make the FEB amount chit payment which i am unable to do. Requesting your Help .

After settling the final dues and made necessary request, more than a month i did not receive my pleadged document of LIC Bond. It got matured and could not claim the money.

Very Poor response from your Hosur office, they never bother about customers.

My Chit Nos.[protected] &[protected]

This is very unfortunate, please treat this as "Emergency" and send back my documents. Thanks K S Ravichandran

HI TEAM,
I son of Sardar Syed, Adnan Sayyed
Registered email id - skroadways.[protected]@gmail.com
Actually my father was hospitalized in kokilaben Dhirubhai Ambani hospital and there he was operated for head injury at that time we need a funds and we gone for the auction of shriram chits vashi navi mumbai in which my dad has invested 25 EmI's till date and at the time of auction only i was presented in auction and noone else...

Hi Team,

This is to bring to your kind notice i, g. Selvaraj, Siva raja are a members of shriram chit fund ambattur branch,

The chit no[protected] of value 3, 47, 500 /- we have completed the full payment. but agent has took 70000 of payment amount and run away from company.

If agent took money and runaway how can we responsible for it, this Shriram chits is asking us to pay money which their agent took. we have all the proof and details.

Request yourself to help me and solve the issue kindly advice at the earliest. Complained letter written on 1/9/2020 and submitted to your branch office.

Also, other collection agents calling and asking us money, bride to close this issue.

Hello Shri Ram Chits Team,
Greetings!

Sub: not received Chit completion document and Insurance amount for 10 Lakhs chit -reg.

This is Afrin Sulthana Sunkesula, I had taken 10 Lakhs chits on my Name in the Shri Ram chits office, Burma street, Madanapalli Branch, branch code: 3466, Chittoor Dist. Under the Chit manager Mr. Bhargav Choudary in the date of 21/October/2019

The chit details are below for your reference.
Chit Number / ticket Number : 3466/84008/32

I have successfully completed my Chit period in the year 2023, almost 4 months are over still not received NOC and completion documents. Continuously checking in the branch, Old Manager got transferred and new Manager Manikanta, very rude in his behavior and he is not giving minimum respect to us. He is using slum language while talking. We are the educators, we have our own respect in this society. Because of customers like us you re running your business. First value your customers and give training on how to talk with the customer specially for lady customers, before taking into the position. They are not giving proper response on these documents.

I need my completion documents and NOC as soon as possible. Please have look on to this issue.

Thank you in advance,
Afrin Sulthana Sunkesula

From : K.Gopinath - Mobile : [protected]
GF1, 1st Floor, Marvel Homes,
Gergambakkam, Chennai – 600122

To : The Branch Manager
Shriram Chits (Pvt) Ltd
Anna Nagar, Chennai

Sir,

Subject: Negligence on Update on my new Address and communication and chits Fraud.

With reference to the above subject, please note that I have paid first payment in July 2020 for TWO Chits. 1. 25, 00, 000/- and 2. 5, 00, 000/- these two chits started after 14 months.
Chits Account Details :
1. For Rs.25, 00, 000/- in Anna Nagar Branch[protected] Chit ID)
2. For Rs.5, 00, 000/- in Ambthur Branch[protected] Chit ID)
Until July 2022, I paid the entire amount.
I gave my new address proof (Gas bill and Residence Agreement copy and my aadhar) in July 2022 to Branch Manager to update my address. He told me it would take 15 days’ time to update. We trusted and agreed. In the month of August 2022 my Grandfather admitted in Hospital due to his health issue, we given continues treatment in Hospital. He expired in July4th 2023. During this period we unable to pay Chit amount. I received call from Shriram chits dated 04.08.2023 to pay Chits due amount. I went to their place dated 11.08.2023 to pay the entire due amount including interest. However, they told me your account closed and given to some other party. Now no vacancy in that chits group. Then I asked my paid amount with interest, they told as per chit act, they can’t give interest, they told me, they will deduct 5% and 2% total 7% will deduct on Rs.25, 00, 000/- and Rs.5, 00, 000/- till date we paid Rs.5, 35, 000/- and Rs.1, 46500/- they are telling Rs.239, 000/- will deduct from our paid amount. To this, we do not agree. Because until 04.08.2023 I received communication, my account is active, they told me to pay the amount, but they are telling me that my account will be discontinued from June 2023. I am not aware of this information. They are telling me they already sent postal communication to my old address. Later I found their negligence, they did not update my new address, it was their mistake, all the communication they sent to my old address. My regd Mail Address: [protected]@gmail.com and [protected]. Until date discontinue information no one informed me, they found a new chit customer, immediately replaced me. Then what is respect, until date we paid the amount to this company. If they ask for a delayed period interest, I am capable of paying interest. Without my knowledge they did.

Now, from new chits / replaced chits customers also they will earn income 7% and from me also charging 7% chits, how will it be accepted? I feel, because of this kind of illegal business, only Shriram chits are not communicated to customers, without customer knowledge they removed me. Because in my old address all the regd postal might be returned. What alternative option do they have in mail or my phone number? They have not communicated in any mode, just Shriramchits cheated me. I need justice, and else it will create big controversy in the Finance industry. If you do not resolve this issue immediately, we will take help from RBI and Media with public support. If you take light and negligence, we cannot tolerate and cannot keep calm. We have not received any communication.

Please call, discuss with honest people, and resolve the issue, I am ready to come to your office to discuss any time.

Regards

K.Gopinath
[protected]
Mail: [protected]@gmail.com

Agreement No: VIJA4SL[protected]
My name is Siva Naga Durga, 6 year's back my father taken loan on my account in Sri Ram finance Ltd, after paying 12 months emi, my father went for settlement and paid 100000, but not taken NOC because I am not available due to my work in other state, after that they made to pay 4000, after that they made to pay by calling 16000, but not taken NOC, after 4 year's not lawyer notice came to pay 50000 plus for 14000rs, my father died 4 year's back on road accident, now I am married and house wife, how can I pay that much amount, please settle my issue, by not taken NOC this Sri Ram finance Ltd is charging this much amount. Which in the position not able to pay

Chit Id[protected]
Chit Amount- 25 L
Bid Amount- 10 L
Disbursement Amount- 15 L

Complaint-
1) Disbursement delayed by 1 month.
2) Employee continuously making wrong statements.
3) When bid Amount includes all charges, though they deducted Rs. 1, 61, 018/- from Disbursement.

Kindly suggest further...

For the past weeks, I have been trying to withdraw my money but it kept writing errors, I advise everyone not to put their money on this site and if you have your money stalked with you can as well reach out. If not for ( w w w. Glowban circuit .Tech ) i checked .. They were the ones who assisted me to get my funds back.

NAME- AARTI RAJENDRA GAIDHANI
NASHIK MAHARASHTRA
CHIT NO- 85034/39

I have chit [bhishi] of RS- 10 lakh
for the first 8-10 months i have paid regularly, but from last 12-14 mOnths due to some medicle reson & bussiness lost i have not able to pay regularly. now i want to continue the bhishi . some time is needed to pay due amount, plz cooperate..

regards-
AARTI R GAIDHANI
MOB- [protected]
EMAIL- [protected]@GMAIL.COM

Shriram City finance yap 5000 send loan amount April /5 /2023
Shriram finance app amount not send do only why problem sir

We had joined a chit group in 2021 a 10 lakhs group, on which we had bid and got the chit sanctioned on December 3rd 2022, still have not received the money, they keep delaying saying one reason or other. Our native is pondicherry, but family shifted to Chennai where our permanent address for communication is. Me and my husband stay in Mysore due to job. Our ID proofs will have any one of these addresses, stating this as a reason they are not settling Our money, out of the bid amount 660000/- we are depositing in shriram chits itself, rest only we are asking to disburse as we are in cash need, my daughter was hospitalised with dengue fever and discharged yesterday. We want that money badly, but these people in SHRIRAM CHITS KANCHIPURAM BRANCH are BIG TIME FRAUDSTERS. my suggestions don't go with them.

Myself Sasikumar. M. I put an insurance policy called Road safety club in Shriram chits Pvt ltd, Pollachi this is a money-back policy tenured period 8 years, logged on 02/12/2002 terminated on 02/12/2010. I inquired in Shriram chits Pollachi nobody gave prompt response for renewal and to retain the amount. how should I able to get the money.

My Policy Number#: 350329

Please provide us a possible solution,

Dear sir /madam
I am chit holder TANUKU BRANCH 3352 CHIT NUMBER[protected] i am action taken chit September 9 th month i am all documents guranter sign submitted. but still not received payment manger not lifting Phone cals not answering . manger answering company account insufficient funds. still same answer i am decided inthis issues chit act court case filed against company and manager.manger very bad comments . Manger last...

Joined in FD scheme and FD matured on 25-Nov, 2022.

Still didn't received the maturity amount.
When it comes in giving money bank to customers, Shriram chits works in snail pace.
I have experienced the same in when getting the chit bid amount and now my FD maturity amount.

I will Never ever will join in any of Shriram Chits schemes and never recommend anyone to do the same....

Joined in FD Last year 2021, Nov -25 for 1 year tenure.

FD matured on Nov 24, 2022, but still having trouble in getting the matured FD amount.

It is easy to put money in Shri ram chits and all the employees show their best in collecting money from customer.

But when it comes to getting back the money, you will feel hell experience.
I faced the same when getting the chit amount and now the FD maturity amount.

Employees work in snail pace when it comes in giving back the money to customers.

Never I will invest in Sri Ram Chits and never recommend any of my relatives and neighbours to do the same.

I am R Raghuraman one of your valued subscribers of Shriram Chits Pvt Ltd, Mylapore Branch, Chennai. I have a very good relationship with shriram chits for about a decade.
My chit value is 10 lakhs - (Rs 20000/month * 50 months). I visited your branch personally in the first week of June and met your concerned personnel. I am working in a private organization with qualifications M.Com, MBA, CAIIB, PGDPM. PGDC and I have huge financial...