Shriram Chits Complaints & Reviews

i was plegged my insurance document shri vidhya plus ( LN[protected] at shriram chits gandhipuram branch coimbatore for my chit[protected] surity on14/06/ 2008. but after completion of the chit (19/092009) they are not refund my policy document untill. somany times i asked regarding this but no response . so kindly get me the document .

Shriram Chits is a Fraud company! I have invested close to 14lacs through 5 different chits, in Indiranagar branch, Bangalore. I have been paying the dues well on time, without fail. Now, when I have asked for the withdrawal, the whole management and the officers responsible are making me run around from last 6 months with no response. I have reached out to their regional manager who intially promised to resolve this but now keeps disconnecting and ignoring my calls. I am just stuck with this company and have no idea how to proceed from here, except taking a legal action. Please let me know if someone else has this problem with Indiranagar branch and will join me in legal proceedings. Thanks Priyanka

Sir, I, K. Umaprasad, resident of Pulivendula.The Sriram chits, Pulivendula branch people has given 2 laks personal loan to a customer as i am the guarantor. This issue was not known to me since the Sriram Internal Audit person Sri A. NAGARJUNA (SCUF VERIFICATION, PULIVENDULA ) meted me on[protected] at 07:30 pm Regarding guarantor of loan issue Agreement no : 05250001. and also he said the loan was already issued 3 months back, i came for verification only. I said to him, i am not given any guarantor signatures to the person whom I know during verification of loan details. The same was typed a letter and given to him. He assured that sriram verification people will come and the issue will be solved. on[protected] The Sriram manager came to my office and said that you are the Guarantor of loan agrmt no 05250001, the customer has not paid loan dues, we are issuing a court notice for this loan due amount about 1, 13, 000/-. Sir kindly may solve my problem or show route to solve my problem. Loan Agreement No : PLVDPL 05250001 dt:[protected]. Loan Amount : 2, 00, 000/- Name : Gujjala Maheswara Reddy Address : D.No: 2/52, Peddarangapuram Pulivendula

HI All, I am shiva, I am valueble customer of srhiram Chits from past 15 years, it was good till threes years back, now it has such a wrost branch i dont have any words to say more or less i can say 420 pakka.I am facing two issues now. 1. Got legal notice to pay 15000 rs more even though i cleared every thing.Agents used to collect money to my shop, every time they had taken 200 to 300 extra, this i come across after seeing my account copy which i got last month.Two days back i visited the madanapalli(chittoor dst..Andhra) branch to enquire about this, before visiting I called Manager also.Manager escaped from branch.The employees in the branch pathatic they not even giving single info.When I asked about my account copy they said that they are authorised to give so, what stupidity is this.I dont know what wrong with the employee.I suspect they are getting share in that money.I have all the valid and solid proofs on this issue. 2. This issue looks very starange to me, some xxxxx person taken loan by showing my shop as proof.Buggers this branch employees supporting the same.As they got share against that loan.I am ready to all valid proofs on this one as well. Too much..games too much tourcher...wrost company...shame on this employees..wrong worng wrong...

Dear sir/madam,

Cheaters company...


NAME - NAGVENI
TKT NO - 21
GROUP - 37023
BRANCH - 1910
this is to inform that i Mrs, NAGAVENI had a chit with Shriram chit company and the chit details as mentioned above.
this is regards informing about the irresponsible staff from minor level to management level they had bcz so many times i had put mail to there higher authority they never response, and the worst cum worst service i had never seen in my hole life.
Bcz i had very bad experience with this company, made me to speak like this.
i would like to inform that i had put my chit 4yrs back and i was paying the chit amount promptly, Even m in my office times also i used to come to there office to pay amount where they have for name sake of collection team. only few times there executive come to collect the amount and after that we use to call so many times to executive he will tell i will come and collect but he never comes and after that i used to meet branch and paid the amount by putting leave to my office, and after that i complaint regard my problem to the manager, and he said that it will never happen in future. but after that also no use then few months no one has come to collect the amount and even i unable to walk in to the branch due to my office.
and after 3 months i went to paid the amount they said my chit is terminated. then i asked for my settlement of my amount so for i paid and there staff name called MS, Sujatha, and she said to submit my original passbook and paid receipts along with my ID proof and address proof and i had done the same. after few months i went to ask the status she said that we unable to settle the amount know bcz chitt is still running and once chit is closed we will settled the amount. and after that also i said ok and wait till chit get closed.
and after that i went to branch i spoke sujatha and she said we have to resubmit our docs due to they lost my docs which i had submitted earlier, and that time also i kept quiet and i spoke to the branch manger Mr. lokesh, and he request to submit the docs once again. and i had done the same.
After that again no response from there end.
Again i walk in to ur branch and i spoke to MS.RANI, she said they dint received my document and if i need more information i need to contact sujatha where she had transferd to other branch, and she don't have any contact number of her. and she dint gave me proper response and started miss behave with me with out any respect, then again i went to ask ur branch manager and he also transferd to some other branch.
and then i spoke to the new branch manager(present) and i don't know his name properly, then he said happened is happened from here after i will take care of my case and he will make my settlement as soon as possible, then he asked me to re submit my documents on November 2012 due to office is shifting some other place.
and after that i went to new branch which is located in sepppings road. and after that i went to branch and i spoke to that same branch manager on 5th November 2012 and i submitted my all required docs and he said he will make the settled within 15 days, but still i had not yet got any status.
finally i called to day also they are telling me the same story's.
Really i am lost my pations and feel very bad service of that company.

I request them to plz settled my dues and take the serious action against there irresponsible staff.
this is my humble request u to settle my dues ASAP.

so pls do me the need full and let me know my status.

Thanks and regards
Nagaveni.
Mob-+91 [protected]
+91 [protected]

I, Ramakrishna V C Retired Bank Manager (State Bank of Mysore).
I wish to make a complaint against Shriram chits channapatna branch, headed by Mr. Ankegowda, Branch manager,
I have a chit bearing ref #: 58009/13 with Channapatna Branch which is of chit value 2 Lakh rupees (5000 rupees X 40 months).
I have been regularly paying Chit installment of 5000 rupees for 34 months which started from March 2010 to December 2012. In the month of January 2013, I have paid my chit installment money as usual to the chit money collector. But after couple of days he brought back January month's chit installment money and Said "Your Chit has been removed automatically from the system and said that they have informed the head office to retrieve the chit".
After a week my son went and met the Branch manager Mr. Ankegowda where he informed us that the chit can't be retrieved back and failed to give the proper reasons for removal and he further promised my son that we will get back our full chit money and no need to pay any of the remaining month's installments (6 months), as the chit was removed from the system. So as promised we waited for another 6 more months but the amount was not settled and my son went to the branch to enquire about our chit money. They asked to submit the related documents and we have submitted the same in July'13. And they said that we will get our money in a month or so by Mr. Nanjundaswamy who was then the branch manager of Channapatna in place of Mr. Ankegowda.
He said this mistake has happened in Mr. Ankegowda's tenure and confirmed us we will get our money shortly. But this never happened till date.
After that we have contacted him on multiple times where he used to give evasive and discordant replies. Then my two of my sons went to Head office of Shriram Chits in Wilson garden, Bangalore and met Mr. Nagaraj who is a Public relationship officer.
Where he assured and promised to look into this matter and called Mr Nanjundaswamy (cpt Branch manager) in front o[censored]s and enquired the matter. Then on the call he told our documents are sent just one week before, and did not give any reasons to Mr. Nagaraj on why he delayed the document submission process although we have submitted long back in the month of July ‘13. Subsequently when we contacted him he said Mr Ankegowda as again come back as Divisional Manager and he said to contact him only. But again after some days my son went and met with Mr. Nataraj who is a Division manager of finance where he said the chit is cleared for Payment and we will get our money within next week. But we did not get our money till date.
Since they have no courtesy to divulge the information and also inordinate in settlement of my chit amount 170, 000 rupees (34 months X 5000 rupees) from January 2013 we suspect that there is a fraud happened with us and I strongly feel this fraud should be exposed and brought to justice. Your inordinate delay in settlement as caused me mental agony, financial loss which lead to my ill health.
On receipt of this complaint I urge upon you to settle the claim immediately which we are entitled, failing which we are compelled to file a strong complaint in Consumer forum to claim our money along with the damages and use of Media / Newspaper agencies against Shriram chits Karnataka Pvt Ltd for exposure of this fraud. If actions are not taken immediately for settlement your organization and concerned officers are held liable for this fraud.

With Regards,
Ramakrishna VC
Contact No: +91 [protected]
My son Lohith mob no: +91 [protected]

I had a 1.5 lak chit in Rajajinagar branch bangalore, I had bid for the 47th installment in Sept 13, after deducting the remaing 3 installment they where supposed to refund 1.3 lac, for which I had submitted all the required documents. Now it is more three months I am yet to get my money, I use to call the branch for the past month, they used to say it will be done in 2 days it is never ending, I wrote a complaint in through their website an demanded my money with Interest as its more the 90 days and the amount is above 1 lack, and keep sending reminders from my mail to shriram customer care, as of now i haven't received a single response. Called up the branch again they say it will be couriered. Now through your site I would put forward my demand for my money with interest.

I have taken loan for Activa vehicle from Sri Ram Chits. I given 18 cheques to Company counter Clerck as per rules after paying some advance. My 18 cheques monthly payments were cleared in the Indian Bank, Tirupati, Chittoor District. If any cheque is not cleared for payment in the Bank, that information intimated officially to me on those days, I may clear my due amount long back. I have not received any official notice till now. Yester day I received one sms stating that you are due Rs.3967/- . I was shocked. My 18 cheques are with the Sri Ram Chits. If any cheque not en-cashed in the Bank that cheque must be returned to me officially, then I will check and pay the dues if any. As per my knowledge the company received 18 cheques and presented and en-cashed in time. If any cheque not encashed, they may intimated to me by notice. they have not done. Even now they may returned any cheque, I am preferred to pay the cheque value amount. Take action on the Company for not returning the cheque in time and not intimated by notice in time. At the time of loan sanction, the counter clerck taken a sum of Rs.3000/- as Bribe by telling some compaqny story. we observed 30 days, then complained to the Chennai Office, thenb they warned him by phone, then theybgiven Bribe amount back to me, such is the service doing the Costomers. I request you Sir / Madam take action as per rules, I will also follow the rules. Yours' Balasubramanyam, District Cooperative Officer - Retired - 5/2008, Cell Phone No.[protected].

Lr No 2/Shriram /2013 Date:[protected]

To
The Manager,
Shriram Chits (P) Ltd
Branch: Dilsuknagar (3304)
Hyderabad

Sub: Chit No. 8005/23-Request to deduct balance of monthly subscriptions on the last day of every month from the principal + interest at credit in my FD A/C No.50014565 in Shriram City union Finance Ltd till the end of FD term of one year-regarding

Ref: (i) My letter dt[protected]
(ii)My legal notice dated[protected]
(iii) Your reply dt[protected]
(iv) Debit of Rs 26000 from my prized chit No 8005/23 towards fixed deposit Receipt No. 50014565 in Shriram City Union Ltd

Dear Sir,

1 With reference to the above, I recall your kind attention to my letter Ref. (i) above, in which I sought some information. As you have not furnished the same, I had issued legal notice seeking the same referred at (ii) above. But the same was denied vide your letter ref at (iii) above.

2 In this connection, I would like to state that I am your valued Chit Fund subscriber with ticket No. 23 in Chit Group 8005 and on hearing allegations of money laundering by Shriram Group of Companies from a reputed news TV Channel, I sought some information vide (i) & (ii). As service provider you are liable to provide the information sought by me as your consumer. But I am denied the information with misconception that it is sought under RTI Act 2005 vide your reply at (iii) above.

3 As a valued consumer, personally I requested you to provide the information I sought and waiting to get the information till date. In the meanwhile I thought of not taking any risk and I had bid the chit on 24th August and I was asked to provide three/four sureties of Government officials of high salary to get the bid amount. Since I am an Advocate without government salary, I was asked to provide 4 sureties. Under the circumstances the Manager have suggested alternative, to deposit the amount of Rs 26, 000 towards 13 months gross chit amount at the rate of Rs 20, 000 per month in your own bank Shriram City Union Finance Ltd and the balance amount was paid to me on[protected] after deducting some charges. I had no other option but to opt out for the alternative and I gave consent

4 To my surprise the FD Receipt was not given for about one month and only on[protected] on my personal visit, a Xerox copy of the FD was given to me and I am asked to pay monthly subscriptions regularly.

5 I state that I have deposited entire balance installments amount for the future 13 months, I need not pay any money. On the other hand I am to be paid interest on monthly dividend+balance of FD amount after debiting monthly subscription at the end of every month till maturity period of one year.

6 Therefore In the light of the above, I state that
(i) your not giving information as sought in my above letters (i) & (ii) is deficiency of service
(ii) Your not informing me at the time of joining Chit as subscriber that a Lawyer’s monthly income can not be taken as surety, amounts to deficiency of service and unfair trade practice
(iii) Your deducting balance of subscription amounts for the remaining 13 months from my chit prized money towards fixed deposit with your own bank and again asking me to pay monthly subscriptions every month, amounts not only deficiency of service, but also unfair trade practice.
6 Therefore I call upon you
(i) to supply the information as sought under my letters (i) & (ii)
(ii) and debit monthy future installments of chit subscriptions from my FD amount on every last day of the month after crediting monthly interest to the balance of FD amount and pay the interest on the balance amount at the assured interest rate of 9.5% till the FD term and pay the balance amount at credit in my FD account on maturity
or
Refund my FD amount with interest up-to-date accepting my personal bond with or without security of my residential house at Flat No. 502, Kubera Towers, DD Colony towards balance of installments & I will pay monthly future installments regularly.
Please debit this month’s subscription of chit amount from the balance of my FD amount i.e. interest + principle of 26, 000 as on 31st of October, 2013. Please note that every month I used to pay my installments on the last day of every month in the past.
Date:[protected]
Place: Hyderabad (A. Sudhakar)
Subscriber

Respected sir/madam, I p.harikrishna, bearing two 1, 00, 000/- chits at shriram chits rajahmundry branch with reference number of group 52057, branch number 3350-rajahmundry -II branch, ticket number 27, 28, names peddinti uma and peddinti venkata ram krishna rao has completed our last payment in august 2013, for both the chits valuing 1, 00, 000/- each and requested for settelement of our cheque by the end of the month of august 2013 after submitting all the neccessary and essential documents as per their norms, but it has been almost 55 days, from then we are continuinously calling them for the settlement of our payment. There is no response from neither the agent om prakash (+91-[protected]) nor the branch manager (+91-[protected]) even after continous follow up, they are giving lot many excuses delaying the payment, vexed up by their behaviour we are complaining in this forum requesting for justice. Kindly please do needful help as early as possible

Dear concern,

I taken personal loan from shriram chits on DEC-2010, actually that is 30 months of loan period, every month i paid 5420/-. through check of ING vysya bank(palakol branch). after completion of 24 months(2 years) i cleared the remaining amount.

actually one of the employ of shriram chits-penugonda branch suggested to take the loan. cleared amount first, i conformed from him and i deposited the his bank account. he only cleared pending amount and said that after completion of the pending months only you will get the receipt of cleared the loan. after that i got several times of phone call from same branch conforming that your loan amount is cleared, if want take one loan you can take it. that means i conformed my account of loan is cleared.

Now i got a call from HYD- shriram chits. and said that Rs 6734/- amount pending while cleared the loan. and again sent the message to me.

problem is while cleared time i asked clearly and paid the amount of pending months. any assert is there they have to tell on that time only. mistake is there side only. i don't know what basis there asking to pay the amount of 6734 rupees.

why i have to pay.mistake is there side and till now i did't get any phone call from concern branch regarding the same.

so please consider my request and do the need full.

My account no: CPDPNGDA0000350
Phanikar medicharla



Thanking you
Phani

i am a customer of shriram chits . I got a personal loan for Rs.2 lakhs and i am paying it properly through a nationalized bank by cheque payment. so far , i have paid 14 instalments and for the remianing payment , i produced post dated cheques properly. In the same concern i have a chit for Rs. 1 lakh.for that chit i paid 33 instalments and now without my knowledge they made my ticket as a prized one . occassionaly ,i had gone to the branch , at that time they informed this matter ( nearly 12 days after the auction). the next day, i produced all my documents , but the manager is not releasing the payment . He is telling to close the personal loan by using this chit amount , then i will ready to give new loan for Rs. 3 lakhs. otherwise deposit atleast 10000 in our branch , then we can see that. Actually the auction was held on april 6, 2013. But till not date no response. They are cheating us . If we pay any amount in delay , they collect 18 % interset on that . Kindly help to solve this matter and collect interset from them for this delay.

TO
THE MANEGER
SIR my name is g srinivasarao
my perminet address
Godugu srinivasa rao
s/o venkateswarlu
paluvayai(P)
rentachintala(m) 522 421
guntur(d)
Andhra pradesh
my card photo not clear (card no. ASFPG1335D)
so my card exchange

sir
please help me
sir my name is vasuki.n residence of mathikere bangalore,i have put a chitof 6 lacks in your shivajinagar branch bangalore( sriram chit karnataka pvt ltd) 18 months before thinking that your chit company is trust-worth,i have bid the chit on october 2012 for 5.38000.00.they had promised to give in 45 days.on your trust i made a arrangement of marriage of my younger sister,on 23/01/2013,but from last one month iam everday going to your head office and meet all your so called big bosses .managers,division managers,state head manager,and your public relation managers.every body lisaning and tell to come after 2 days giving false assuereence you will get within 2 days.one day they tell your file is missing, one day they tell your file is in legal section one day the manager is not there ,one day account head is not there, sir all my legal documents ar approved by your legal team there is no problem by my side,now no body lifting the mobile, when i met personally more then 10 times,now they ar telling you will get on monday.so i have decided if i didn't get my bid amount on monday i am going to suicide,i don't have any option,because of you my sister marriage is going to stop,i cannot show my face to my family and for my sister,if any body have humanity concern please help me,i have told the division manager any body expecting bribe in higher authority i am ready to give,your company administration is worst then govt department,i am saying these words with pain sir,i don't no what to do,please help me out from my problem its my humble request to all of sriram chit company
thanking you
vasuki.n
mathikere
bangalore

Vasu Nagraj
my mobil no is [protected],


Vasu Nagraj
sir
i am vasuki.n from bangalore,i have decided to make sri ram chit karnataka pvt ltd your company accountability all from Karnataka head office managers before the law of court before my suside death .because what my mistake done ,its that i put my hard saving money to your chit fund ,you are cheated us .your company is enjoying public money & giving us problems

I was Fed up with this Shri Ram Chits... Please don't ever try to join in a chit in Shri Ram Chits. They are playing with Peoples mind. The Two Main Problems i faced with shri Ram chits are:

1. First main problem : I have joined in 5 lac and 3 lac chits in Shriram. while ur are joining they will not tell anything and they say this offers, that offers , we have this many branches , recognised by Govt. Etc. The problem starts when you want to bid ur chit. After bidding they should give our chit amount back once formalities are done. Once formalities completed, they will start the new game... Sir... becoz of so and so reason... you have to take one of the policy with Shri Ram chits to take your chit amount. They will insist the customer like anything, that take policy with Shri Ram, Otherwise we will not give the Chit amount. We will pay for years to years, but finally when u need money they will play all the games.

As people will not take policies like health, money investments etc with Pvt organisations, they can't give to individuals that policies. That's why they will insist the CHIT people to take policy if they need chit amount. They will tell all the bleady rules when u need ur money or the bidding money.

So they will get Profit in Policies with out doing any extra work.

2. Second problem: I have take one loan with Shri Ram chits (1,50,000) and my monthly payment is 11,275. I have paid all the installments amount monthly without any due and last 2 months payment they have deducted from my another chit bidding amount. So i have paid last two months amount at a time. Even after paying, they remmited cheque in my account. I have asked the Shri Ram Manager also, i have paid the amount right, so you will not put the cheque in my account right, then they told no madam we have recieved you amount. They told, But they passed the cheque - the Cheque was bounced in my account. My account tracking was gone. I went to branch asked the details, then they said sorry and given NO OBJECTION Letter also. I Excused first time but even after issuing NO OBJECTION letter again this month they passed the CHEQUE and it was cheque bounce in my account without my mistake. What should i do with this kind of POEPLE.

Till now i don't have single Cheque bounce in my account. BUT here i have 2 cheque bounces in my account Because of SHRI RAM CHITS Mistake.

PLEASE Don't join in shri ram Groups..... they are CHEATING PEOPLE and they will never respect the CUSTOMER INTRESTS.

Regards,
Nalini

This is kumar I have handling shriram chit fund case any boby want to clarification chits case only for chennai people call me this no kumar [protected]

I have opened A/c with Shriram Chit fund for mature value Rs5,00,000/-. I was also told that I could participate in auction to get chit. Each time this office changes their rules & keep me away from auction. When I went to office to get more information, I was told that Branch manager is not in office. I was kept away from other information I wanted. Staff at office is arrogant & knows only 'how to keep away customers from office'....

Dear Sir

I have a 3 lakhs chit in Shriram chits, (22 Months Over) In February I have given a cheque towards the chit. They have removed my chit because that cheque is returned, but my cheque is not returned it is cleared in my bank. Know they are delaying from past 2 months they have not included my chit.
and They have not given even notice to remove chit.

Please give me how to proceed.

Regards

Sheark babu

Dear Sir,

I m your customer from Ahmednagar maharashtra. i m not getting a any service regarding collection of premium or any call for same thing. so that in next month premium goes for dubole. I m requesting you to pls look in this matter. excepting a positive reply/ call for same.


Rgds,

vishal pandey

[protected]

Dear Sir,

This is N.V.G.Jagannadha Rao. I have resigned for my job in April.2011 as a Junior Accounts Officer in Shriram Chits Limited at Palasa, Srikakulam(District).

I have to Apply for PF claim through our Zonal Office,Srikaulam and they were send my PF Claim application to Our Head Office,Hyderbad in Sept.2011.And Our Head Office also submit my Claim Application,Bank Account No and IFSC Code to EPF Office,Hyderbad.After that i have to verify Pf Claim Status in online result was My PF Cliam rejected by PF Office,Hyderbad without any reason mentioned in the claim status.Only they have mentioned is Application returned to our Head Office.

And Again i have to apply for my PF Claim in January.2012.And Our Head Office submit the Claim Application to PF Office,Hyderbad in Feb.2012.But till today i have not received Claim amount even though my claim status also not update in Online.

My PF No, 16383/8076, in the Name of N.V.G.Jagannadha Rao. I Request you to kindly look in to the issue and release my EPF Claim amount ASAP.

And i also furnish my Bank Account Details Here:

Account No.[protected]
Bank/Branch:Axis Bank; S.V.Complex,Kurnool
IFSC Code:UTIB0000244