Southern Railway — Deduction of amount even after repayment

Address:

Chennai, Tamil Nadu

Sir,

I would like to say that SRECS is taking advantage by luring railway employees by providing lumpsum loan amount. Even after Preclosure of the loan, the society is deducting the installment every month. This is a very pathetic situation facing by the employees. What is the meaning of preclosure? Do the management is having any concern about the employees or not? How a lower level employee will survive with all deductions plus additional deductions.

Who is the controlling and regulating authority to look after these cooperative societies.