Shriram Chits — non payment of prize money

Address:	600001
Website:	www.shriramchits.com

Customer name-chaitanya kumar k
Branch name:- gt branch parrys, thambuchetty street.
Group code-67020/43
Ticket no-43
Complaints:- i am a shriram chit customer making my payments on time, 1 chit with gt branch parrys chennai

Apparently due to some urgency, i had to bid my chit in the month of february which was on 6-2-2017 and asked to take a insurance policy for 10 yrs and i paid amount of rupees 25000. And also i had submitted all the required documents within 1 week, however as per policy and procedure prize money has to be provided within 45 days, till date i am running to get my prize money.

I have approached branch manager - vairakannu-[protected], navaneethakrishnan who is dm-[protected], i have found no positive response and no confirmation on the money.

I have decided to proceed legally and approach media to ensure how people are being misled and being cheated by investing in shriram.

There is no escalation matrix and i am not sure how the shriram leadership are taking this issue. I believe the leadership is not strong in running shriram group.

My best opinion is please don't invest in shriram chits and shriram group
Seriously they don't have any responsibility on customers.

Vairakannu is one of fraud member i ever seen and forcing all the chit members to take insurance policy.

The bid is allocating not in right way. They are allocating the chit to them self and rotating the amount for interest locally.