Shriram Chits — Shriram Chits technical cheating

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