Shriram Chits Complaints & Reviews

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

My road safety club silver card was surrendered in on[protected] at shriram chits, puttur branch. But till today i didnt got my amount refunded. When i asked the branch office the manager have no information about road safety club. he is questioning me what is road safety club silver card? There is no doubt shriram chits is trying to cheat their customers.

SUB: BID AMOUNT NOT PAID

NAME: M SAMBI REDDY
[protected]
CHITNO. 68012/37 AMOUNT: Rs. FIVE LAKHS
BID AUCTIONED: 122000
AUCTION DATE: 19TH EVERY MONTH (DUE TO HOLIDAYS LAST MONTH AUCTION WAS CONDUCTED ON 22ND FEB2012)
BRANCH: GOVERNOR PET VIJAYAWADA

Submitted all the surety FORMS and releavant documents on 4th mar. So far nobody has come to our office/home to take necessary signatures and surities. payment due date is 22nd. 10 OR 15 DAYS back office lady clerk phoned to me and demanded to deposit 20000 per year
up to 15 years.and Auction foreman sri Durga rao and verification agent came to my office and demand the same. I told them it is very difficult pay 15 years period. Because of these reason or some other reason, I donot know why they are delaying to pay the auctioned amount. If they delay and harassing like this what action I have to take against them. And I forgot to bring your kind notice one important thing 4 months back I went to Sri ram chits office 0n 19th to participate in auction if possible. on that day no body has come to participate.As per the procedure if nobody comes I am eligible for minimum minus ie. 5% company commission. But Sri Durga rao auction foreman suddenly brought one offered letter. offer is Rs.175000/- Then l told to auction foreman allot the chit offered gentleman and I left office. After 30 mts I recd. one call to my mobile from Auction
foreman Sir, you take chit with Rs.100000/-. I wondered and asked auction foreman how you are giving to me already offer is there Rs.175000/. He replied me for your sake I requested that offered gentleman. but I never requested and refused to take and I demanded to give full amount i.e., minus 5% commission. This type of frauds the great sri ram chits are doing

Dear Sir,
B.Amarnath (Divisional Manager) Shriram Chits pvt ltd, and also Shiris very bad behaving to employees and staff his ethics and inner mind is very bad and harassing and torching to community peoples and he feel like a own company but i respect to company is giving opportunity to me i worked for 3years 6 months with giving two government employee surity to company i did so much work,seizing the vehicles,overtime work, fighting with my community peoples and good to company but he fails to promote to Other caste person and i observed many things in this organization but not mention ,i would like to request inquire and take special interest in this matter, i will be available in conference call to with Divisional Manager His no:[protected] and my ph no is+91 [protected] and please me further details and story/history about hindupur branch and caste feeling is very high position in this organization but the reason for working in this unemployment in india but i submitted two surities for job purpose and he is talking like poor peoples and in this organization giving opportunity only graduates for begging collections,chits,and etc activities.so please i advice to all graduates don't spoil your future to do not join in this organization and i know this website for consumer complaints forum but every employee is most important to any company.
Thanking you,

Hello,

My self nagi Reddy, i run an pharma in kolar from past 15 years, moreover im an existing customer for shriram Transport fin corp, i have taken many vehicles loan facilities with STFC & completed.
Recently i have taken an safari Vx 2.2 dicor Vtt vehicle & one o[censored]r executive Mr.Manjunath approached me for used car loan & collected my 3 years IT returns, 6 months bank statement, cheques & KYC doc's two months back, after 20 days i got a call that your loan has been approved & hence forth pls hypoticate vehicle to sriram fin & pls change the insurance also with Hypotication, so Mr. manjunath has given relevant documents for hypotication & same has been done & collected by mr.manjunath.
I am getting very least response from any of the person I am contacting including Mr.manjunath. manjunath Disconnects my call & says not to disturb him. Please let me know who a customer should contact other than sales person. Is this the way to treat customer. Finally i traced his house & asked him for an explanation he said he had a problem with his manager, some cheating has happened so he was in police station & all the ,.
finally ne said every thing is through with in 2 days your DD will be released, same thing contiues for two weeks stating that your payment has been couriered it will reach today.
I am fed up & decided to meet the concerned baranch manager.
surprisingly i came to know that your loan process has been stopped due to mr manjunath problem with the company, & all your documents will be returned with in 2 days with form 35 for HP cancellation.
I was not expecting such kind of answer from your branch manager mr. Prasad.BN, how arrogantly these people can sue us for your m,anagement mistake, why the hell end customer should suffer for your companies problem, If this was the situation they could have said earlier i could have better ways.

Requesting pls dont play with this kind of customer, better way is begging..

Pls dont allow such kind of Executives who spoil the companies image.

Requesting the customer care with proper explaination for returning back of my loan proposal & who will bear the charges for all th circus happened in my RC Book.
Still i have not got any call from any of your management ppl even after complianing. pls resolve this issue orlese i want take help of media for solving this issue.

Waiting for your early reply.

Thanks & Regds

Nagi Reddy
[protected]
Please let us know what customers like us should do when no one is interested in helping us out.

We request your intervention in this regard.

SHRIRAM CHITS AGENT CHEATED ME.

Sir,


I wish to bring to your kind notice the following for your immediate intervention, so that justice can be rendered to me:


My SHRIRAM CHIT AGENT MR.M.SRIHARI NAIDU (MOBILE NO. [protected]) WHO IS HUSBAND OF MRS UMAMAHESHWARI SHRIRAM LIFE AGENT VIDE CODE NO. A0000513, HAVE COLLECTIVELY WITH HELP OF SHRIRAM CHITS BRANCH MANAGER OF VIZIANAGARAM CHEATED ME. I HAVE A CHIT (REF No.YKL-66/13 IN SHRIRAM CHITS (P) Ltd, VIZIANAGARAM AND AS ADVISED BY MY AGENT MR. M.SRIHARI NAIDU I OFFERED MY BID AND REQUESTED FOR FIXED DEPOSIT IN SHRIRAM CHITS TO COMPLYWITH REQUIREMENT OF SURETY, MR SRIHARI NAIDU SHRIRAM CHITS AGENT OBTAINED SIGNATURES ON FEW BLANK FORMS STATING THAT FOR COMPLETING OFFICE FORMALITIES THOSE FORMS ARE REQUIRED AND COMMITTED BREACH O[censored]TMOST GOOD FAITH. DESPITE MY REQUEST FOR FIXED DEPOSIT IN SHRIRAM CHITS HE AND HIS WIFE COLLECTIVELY MANIPULATED MY CHIT AUCTION AMOUNT Rs.80000/- WHICH WAS TO BE MADE FIXED DEPOSIT IN SHRIRAM CHITS DIVERTED TO ULIP POLICY "SHRIRAM UJJWAL LIFE SP" POLICY NO:LN[protected] BY UNFAIR MEANS. I MADE MANY TELEPHONE CALLS TO THE SHRIRAM LIFE DO VISAKHAPATNAM AND ALSO TO GRIEVANCE REDRESSAL OFFICE HYDERABAD BUT ALL MY EFFORTS PROVED FUTILE.

I HAIL FROM POOR FAMILY MYSELF AND MY FATHER SELL BOOKS ON ROAD SIDE OUR INCOME IS ALSO VERY LESS MY FATHER IS OLD AND SICK. I HAVE STONES IN MY KIDNEYS I HAVE TO UNDER GO OPERATION. I HAVE BEEN CHEATED BY ABOVE SAID AGENT S AND MY FAMILY IS SUFFERRING BECAUSE ABOVE POLICY IS ISSUED WITHOUT MY CONSENT AND KNOWLEDGE BY UNFAIR MEANS . OWING TO MY INCOME I CAN NOT EVEN IMAGINE TO INVEST SUCH POLICY. PLEASE LOOK INTO THE MATTER AND RENDER JUSTICE TO ME AND PUNSH THE DELINQUENT.

SHRIRAM CHITS & SHRIRAM LIFE INSURANCE ARE TO SEPARATE ENTITIES HOW MY CHIT AMOUNT Rs.80,000/- TRANSFERRED FROM ONE COMPANY TO ANOTHER COMPANY WITHOUT MY CONSENT.

PLEASE LOOK INTO THE MATTER AND PUNISH THE DELINQUENT AGENTS.

THANKING YOU SIR,

YOURS FAITHFULLY,

(GIRI BABU PYDI)

13-10-66, SALI VEEDHI,

VIZIANAGARAM (A.P.)

Dear Sir ,

This is to bring to your notice that Shriram Chits and life Insurance Tamilnadu Pvt Ltd. is a fraud company . They have cheated many people in the name of insurance and chit funds .

We had invested in Shriram Life insurance , Coimbatore but when asked for Refund they refused to give back the money . said you need to contact Shriram Chits HO , Trichy (Tamil nadu).

They also misused my security cheques and used it for investing in additional life insurance without my consent...

We contacted Trichy office , where they said you need to contact Coimbatore branch ..

We complained to the Branch Manager , Coimbatore , but he is irresponsible . he says he dont know anything on this ... !!

Our advice to all people Please do not invest anything in shriram chits or life insurance , it s a big fraud company ..and they cheat people.

All the staff in shriram are frauds.... please be careful..

Really dont know how to get our hard earned money back.........

regards,

Nagarajan

Dear sir,

My self Sachin Tidar i am working with Shrira, chits Ltd in year 2006 to 2008,
I am still not get my PF amount,
in last year i am submited PF withdraw form ,but still no any response from shriram chits HR team.i am trying to call him but he is not responding.
PIs hel me.

Regards
Sachin Tidar

Dear Sir,

I have joined Shriram Chits TamilNadu , Chennai 6 months back and have so for paid the first and second installments, Rs.2500/- each, though i did not get any official confirmation from the chit company. My agent used to collect the cheque and deposite it to my chit a/c. But when i asked why no official letter is received so for , he says Govt is yet to approve the new chit group and it will get approved in the due course. This went on for some time and when i called the Shriam chit Manager , he too was telling the same story. Now my question to Shriram chits is that why do they collect the money for new chits when the chit group is not approved by the Government. Why no govt. authorities take suitable action against collection of money from the public with out proper approvals.

I need concerned officials to reply to my queries and return my money with 18% interest with immediate effects. Matter urgent & serious.

Regards
Shankar.C
# [protected]

Shriram Chit Funds is one of the Cheating agency, I deposited monwy for the monthly chit for a Lac rupees. They promised to start from next month onwards. I was waiting for 7 months, nothing has happen. When i called they said it is under process and will start next month is the regular answer. I got frustrated and wanted to meet the manager, but manager is never seen. They told to withdraw if i dont want continue after 7 months and will...

I wish to bring to light the poor service provided by Shriram Chits’ Nanganallur Branch. I have a Chit with your company for 5 Lakhs. I have been highly disappointed by the Service provided by them so far, right from the subscription until the auction.

I didn’t want to complain about their services received in the past, but after being a successful bidder and not receiving one’s money for over 2 months has been a big letdown.

I had successfully bid for this chit on August 6, 2011. The necessary sureties were provided to the branch. I was informed by the Branch Manager and staff that it would take a month to get my cheque of 4.35 Lakhs. As per their company policy, “The prize money will be paid to the successful subscriber on a working day before the next auction date on the basis of adequate and satisfactory security, offered by the subscriber.

Considering this, I patiently waited for over a month before I started following up for my money (cheque) in the second week of September. To my surprise, the staff at the branch started giving me various excuses for the delay, and informed me that it would take more time to release the cheque, as their branch was under renovation and also that there was a new Branch Manager who has taken over. I was surprised, rather amused, to hear this sort of an excuse. If I contacted the Branch Manager, he was never available on phone (either switched off or would never pickup). I was going out of the country from September 26 and hence, informed the branch staff to deposit the cheque in my HDFC account (details provided to them), but on my return to Chennai on October 10, I was surprised to see that the cheque was not yet issued. On calling the branch, the staff had the same excuse, “Manager is busy….he is new….. he has gone for verification”. When I tried calling the Branch Manager, but his mobile was switched off (as experienced earlier).

It is over Two months now and I umpteen number of follow-up calls have yielded no result. I am terribly disappointed at the attitude of the Branch (its Manager and staff). I have one more chit with Shriram Chits in the branch, I am really worried now if it is safe there.

Kumar
[protected]

I .Mekala Dayakar Reddy S/o M.Ram Reddy aged 28 occupation business R/O H.No 2-9-162,SriRama Colony,Uppal,Hyderabad. would like to submit a few lines for consideration and to take necessary action.

I here by submit I am the customer of ShriRam Chits Pvt Ltd Chikadpally Branch. I have chits of value 5,00,000 (FIVE LAKS) with Group no CHLL 19 with Ticket no 08 and a 10,00,000 (TEN LAKS) value with Group no CHLS11 with Ticket no 31 Both the chits have already finished half of the tenure. I have Shriram Life Insurance with unit linked plan with Policy no.LN[protected].I have already paid 1,00,000(ONE LAK) for the insurance policy. I have two cash deposit bonds one worth 1,50,000(ONE LAKH FIFTY THOUSAND) and the other of 50,000(Fifty Thousand) with shriram City Union Finance Ltd They have deposited two Lacks as security deposit for future installments of the Chit.I have been introduced to Shri ram through an agent named Satyanarayana with Agent/Broker no 3371S0024.All these transactions were done through him in his presence.

From the day one the branch manager and the deputy manager were least concerned about sending intimation letter or making calls to intimate details regarding the payment made or to be paid. They have issued passbook. They never entered any records of the payment made in the pass book. Without intimation of the due payment they would send the above said collection agent Balanjaneyulu to my house for recovery of the installment .This person balanjaneyulu has a very rude behavior he comes early in the morning at 8.00-8.30 A.M and asks for payment. Many a times I have made payment in spite of his rude behavior and harassment. Couple of times I complained about the rude behavior and harassment of balanjaneyulu to my agent SatyaNarayana Even then there was no change in the attitude of Balanjaneyulu.

From last one month I was out of the city on a business trip. I have the records of my travel and the accommodation to support it. So I could not pay a single installment due in the Ten Lacks chit Group. This month installment payment has to be paid .Still I have enough time to pay it. I have only one single instilment due in ten lacks chit other than the due payment of this month.{The Shriram chits Chikadpally branch have security cash deposit of 2 lacks to recover if I fail to pay them the instalment due).

I was Back to my home town on 25th September. On 26Th September the collection agent Balanjaneyulu called me on my mobile asking for payment. I told him to come down on Friday 30 September to collect the cash payment of the Due installments. He said to give me a Post Dated Cheque .I rejected his proposal and told him to come down on Friday 30september to collect cash payment. On 27/09/2011 at 8.30P.M(20.30Hrs) and 28/09/2011 at 9.00A.M Balanajaneylu came to my house in my absence and insisted my parents to pay back the chit installment due then and there itself. I have evidence to support that he came to my house prior to and after his Office hours on the above stated dates. my parents inspite of his harassment requested to come back on Friday 30th September and collect the due payment. but the above said person refused to leave and abused my parents in unparliamentarily language and threatened with dire consequences. My parents being aged and my mother who has already gone through heart surgery twice are very much worried and tensed about the incident. My mother intimated me about the incident. I called balanjaneyulu on 28/09/2011 at 09.21A.m and asked what was his problem and later on dropped his call in two minutes and I was on my work.

Balanjaneyulu in a preplanned way lodged a false allegation in Chikadpally Police station stating me abusing him in unparliamentarily language on the grounds of caste and creed. All this scenario created by him is a preplanned. He is seeking support from the leaders of his community and wanted to drag me behind bars.

The collection agent harasses us by coming to my house in unofficial hours argues with my medical ailing parents and threatens us with dire consequences and later makes false allegations on us in the police station.

Kindly do the needfull help and do justice to me and my medical ailing parents

I have taken Road Safety Club membership through Shri Ram Chits vide certificate no: 1000126, as per the scheme Rs.30,000/- to be refunded on completion of 8 years. 8 years completed on 9.10.2010, even after submission of certificates & original bond, neither road safety club nor shri ram insurance company has refunded the bond money.

I had a 2 chits account with shriram chits numbered S3100133/4 since September 2010,after paying 2 installments for both the accounts I have decided to participate in the draw which the company refused saying that there should at-least be 2 sureties for doing so, which was not informed to as during the time of taking the chits, that was a surprise for me and also the manager of the purasavakkam branch Mr sudharshan and the assistant manager Mr Ranganathan adviced me to cancel both the chit account, which i agreed but at the same time he wish to charge 2% as a pre-closure on the total amount of 2lakhs, so far I have paid 6870rs for each account, from the total 13740 he which to charge 4000rs totally in different name which is unjustified, please consider this complaint help us getting the timely resolution
contact number of the official whom we dealt with
Mr Sudersan - branch manager[protected]
senior manager - [protected]


thanks and regards
R Arokiya thavamani

I am subscribing for 2 chit schemes. Group/Ticket No. 67007/32 and 67009/50, on the names of.Mrs. Bhanumathi Kumar and Ms. Priyanka Kumar (minor). Despite a request on telephone, I am not being provided every month with the Statement of Payments made. Also the current month's due intimation is received very late. For July 2011, due date of payment is[protected], and the intimation received is on,[protected]. Though generated in their office on[protected], the ' DUE' slip has been posted only on[protected], which itself is 3days after the due date of payment.
Further,arrears amount of 920.00 is mentioned, though the exact amount due in June 2011, as well as earlier montha have been paid, as per their intimation.
Also, an amount of 240.00, and 225.00(second chit) are being regularly shown as Interest, month after month.I raised this issue on phone, and was informed that it would be corrected.
I stay at Valasaravakkam, which is very far from Nanganallur. Their Alwar thirunagar Office is close by, and used by me for making payments. But they are unable to answer or settle any quries

I am holding a chit in Gandhinagar branch. It is about to close in this month. I had been auctioned in March 2011. On the same day itself I had submitted all documents, whatever they asked and told me it takes 45 days to get the amount. But, still I didn't get the amount. It is almost 90 days going to cover up. Everyday I am calling and asking them what happened to the amount. They just keep on postponing the dates. Even I had approached to the head branch in Wilson Garden. They also not taking any action. All are in one circle cheaters and fraud. So, don't invest in this company for your sake.

Shueb

Hi,
I have been a Customer with Shriram chits for years now. Have had atleast 3 chits with you with few unpleasent expereince. In this current chit, it has crossed all the boundaries. I have finished and taken my chit in December and am yet to get the final check. Its been more than 5 months. My Branch is Mathikere, Bangalore. Manger is Mr. Prasad, sorry to say, he is the most difficult/brash/arrogant person I have ever encountered, doesn't even have the basic manners. Its been very humiliating and very painful experience with him. Kindly let me know where to complian to get MY MONEY i saved with Shriram chits back.

DEAR SIR,

I , E.chandrasekhar residing in visakhapatnam and i am a chit fund-holder of M/s. Shriram chits pvt. ltd., Visakhapatnam , branch located at Maharanipeta. My chit No: VHLL54/15, 52054 for the worth of Rs.100000.00 for 50 months.

In this regard, I took my chit amount after attaining auction. In this regard, I am ready to pay my premium / installment amounts for that auction amount / chit bid. But, i am not receiving the intimation letter or information details for every month chit bid and auction details etc. therefore, i am unable to pay the chit amounts and also I am in confusion for the folllowing issues:

How much I have to pay for the current running month chit amount?
How much I had enjoyed by getting dividend amount for auction bid?
I enquired everymonth through phone only , but not the confirmation receipt from the company , due to this I am in frustration that " am I really paid the exact amount to the company or excess am i paying to the company?

Please rectify the problem and look into the matter for sending every month intimation receipts?

Thanks & Regds.,

E.CHANDRASEKHAR
CELL NO: [protected] / [protected]

Dear Sir,
MY NAME : VELAMALA SUBBA RAO
RESIGNED AT : visakhapatnam Zonal office
DESIGNATION: Senior Accounts Officer
PH NO : [protected]
Email id : subbarao.[protected]@rediffmail.com


I have worked in our organisation from 2000 to 2010,as a Senior accounts officer in vizag zone. i have resigned my job on 18.07.2010, I applied for my eligible earned leaves encashment on 18.07.2010, but till now there is no response and not received any reimbursement.Many times i contacted to head office personnel department.

dear sir,
my name is Ram N Petkar. i want to register complaint of your chit fund agent mr. Ritsh Bharut.my brother needs 2lack rupees.yours agent gave him chits 5 lacks to my brother and promiss to him within 3 months i will give to u 3.5 laks chits in auction and installment pay as u can i will manage all things.my brother pay all installment but when the time of auction your agent told i cant give you chits, because your installment didn't regular. 6 monts to go but your agent didnt take my brothers name in any chits auction. my brother paid all installment through loan of private savkar (who give money with 10%monthly interest) when my brother cant return money of savkar. he got a frustration and he attempt to suicide. i want to ask you who gives to you any authority to play with anyones life.who is responsible for this situation of me and you cant give any compensation to any casualty. i want to take any action and suspend of your agent Ritesh Bharut. i give complaint similarly to Yavatmal Branch. I request to you dont plays anyones life for complete your Targets.plz take a action on this complaint and save life anyone in further future.if you cant then close your company..................................................................

Thanks & Regards
Ram N. Petkar
[protected]
ram.[protected]@gmail.com