[Resolved]  Shriram Chit Funds — Fraud in chits

I have two chits currently running with Shriram Chits at Tiptur.
The manager himself with the staff staff creates dummy bidders and bids for the chits and takes the money. The agents at shriram chits are also bidders where as they are not suppose to bid.
When asked for bidder details they try to manhandle me. They spoke very arrogantly.
The person who does all this is Ravi. He has full support from his manager. The manager is never found at office at all. They arrogantly told me to take back my money from the chit and they will cancel my name. When i said ok they denied and said that i will have to pay Rs.15000 for cancellation.
These people here are cheating us. Please do the needfull.

regards
Manish
[protected]
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Aug 14, 2020
Complaint marked as Resolved 
 
181 Comments

Comments

I was in plan of investing 5 lakhs in shriram chitfund.After reading these articles i got scared and i decided to invest in gold.Thanks mite
RBI has to wake up or shriram chits higher ups to be wake uped.
Member of Road Safety Club –8 years Gold Card of Smt. Shashi Mishra .
Membership Certi. No.501752 for ALTO LX. Gold card No.[protected], dated 17/10/02
I totally agree with the reaction of the customers as I also did have bad experience.
The insurance was NOT done from 2006-07 to 2010, that is 4 years except 1-2 months in 08. Handed over letter to branch office but no action, even no reply. It is a clear cut case of cheating. It seems, the company has taken customers for a ride . It is also felt,
‘SHRIRAM GROUP’ are not bothered for ‘BRAND IMAGE.’ Will any one patronage the finance, insurance, engineering and other products of the group in the above back drop ? Certainly, I will not. Are the top brass of the company hearing?


Smt.Shashi Mishra
71, Deepak Society,
Chuna Bhatti, Kolar Road,
Bhopal-16, Ph. And Fax No.[protected], Mob-[protected].
[protected]@yahoo.co.in

carporate scheme — hopeless services

We are enrolled in the carporate plan with 22 lines and two deta card. The response to our complains is absolutely irresposible. The bills received are incorrect. when complined no body takes up the grevienses seriously. It seems to be a big government company with no professency.
Ccomplains
1. Incorrect Billing
2. No response to service calls
Better to consult a lawyer and contact consumer associations and Humanrights associations. write your complaints to the registrar chits, and RBI.
Thank god, that I read this website and posts before my savings/investment pursuit with Shriram Chits. I could easily understand the agony of the people who are cheated up by these fellows. I apologize for them and my sincere thanks fro sharing their bitter experiences. Man be happy that your threads are saving some ones hard earned money and the happiness of a family.

I would not associate any business with this company, neither I will encourage my friends/relatives to do business with this co.

Best Regards
Jennifer
My father has taken loan and chits from Shriram Chits.He passed away recently and we are unable to
pay the amount for 2 months.Now they have sent a notice and demanding us more money including extra interest, court fees etc.But, we are unable to pay the money right now.But they are very strict and not agreeing and they are sueing court case on us.How can we deal with the problem?
Dear Friends, First of all we have to say thank to this site to giving this great opportunity to tell our opinions & to express our views regarding this worst company.I am a subscriber in Vizianagaram chit fund company, that branch DM is mr A.Shabeer, he is a big mental fellow. He dont know even ABCD also, but I dont know how this fellow officials appointed him as DM
i want to invest in your chit so kindly ensure that karimnagar branch is resposible for my money
Dear Sir / Madam

I would like to introduce myself as Ramesh Babu, Manager Sales(Level -2) in our group company “Shriram Chits Tamilnadu Private Limited” to do life Insurance Products on a Monthly pay of Rs.20, 000/- (As per the duly signed Offer Letter Provided by our Divisional Manager – Pondicherry Branch).

Now currently, being made as one of the ex-employee (April 09 – July 09), due to the false commitment given by Mr.Nagarajan (Immediate Reporting Manager) and Mr. Mohan Kumar (Divisional Manager, who gave the duly signed offer letter).

This is to bring to your kind notice and for immediate remedy that, I have worked for our company for the period of 3 months and I have not received my salary on time and also for my entire 3 months of working in our company (as per my offer letter, ie.Rs.20, 000 * 3 = Rs.60, 000), rather only after my enquiry with Mr.Nagarajan on even my last day of leaving our company due to the above reasons for my pay.

On the basis of this false commitment Offer Letter and improper response for the salary, from the immediate reporting Manager for the whole 3 months of my working period and also based on some information’s from our company previous employee’s and agents that their salary and commissions lies pending with Mr.Nagarajan too and he scolds and threatens them saying it lies only with the company and not with himself, me too left the job with same reason and till date there is no proper response from the company ie.from Mr.Nagarajan (Immediate Reporting Manager) and says the salary is with the company only and he has nothing to do with it.

Need favorable reply on this issue on the utmost earlier possibilities…….


Regards
Ramesh Babu

M/S Shriram Chits Pvt Ltd — in Pan card name not print properly

Respected sir
I applied PAN Card. PAN No. BFWPS9189A. sri KANDIKUPPA SRINIVASA RAO
S/O KAMESWARA SARMA KANDIKUPPA but in that card not print full name
only print SRINIVA only. So please rectify the above problem as early as possible sir.

This is for your kind information and necessary action.

Thanking you sir, Yours faithfully,

(K.SRINIVASARAO)

I AGREE SRIRAM CHIT FUND IS 100% WORST BECAUSE IHAD TAKEN 5.0 LACKS CHIT IN AUGUST 2009, FOR 4 SURITIES I HAD GIVEN 5 SURITIES BUT TILL NOW THEY ARE NOT PAID AMOUNT TO ME . MEAN TIME I HAD GIVEN NUMBER OF COMPLAINTS TO SRIRAM MANEGERS, PUTTUR AND TIRUPATI BY PHONE EVEN THOUGH, THEY ARE NOT RESPONDING . PLEASE DONT JOIN IN SRIRAM CHITS PUTTUR, TIRUPATI, HYDERABAD IN ANDRAPRADESH, THIS IS MY PRACTICAL EXPERIENCE
SRIRAM IS FRAUD COMPANY BECAUSE THEY ARE TELLING GOOD SERVICE BUT AFTER JOINING, YOU WILL NOT GET MONEY DUE TO POOR SERVICE AND CO-OPERATION, PLEASE BEWARE OF SRIRAM CHITS FRAUD COMPANY REGARDS---RAGHAVE

Shriram Chits (Mah) Ltd — p.f.not received

DEAR SIR / MADAM,

I LEFT MY EX. JOB IN Feb-2009, TILL NOW I HAVE NOT RECEIVED MY PF PAYMENT, MY EX. ORGANISATION IS HAVING A PF AGENT MR.Britto([protected]) WHO IS NOT WORKING PROPERLY AND MAKING DELAYS IN EVERY ONE PAYMENTS WHO LEFT JOB FROM THAT ORGANISATION. HE HAD SUBMITTED THE DOCS.I dont know OF MY PF , BEFORE THAT HE USE TO TELL ME THAT HE HAD SUBMITTED THE DOCS. TO EPFO OFFICE NOW WHEN HE HAD SUBMITTED THE DOCS IN BANDRA EPFO OFFICE THESE PEOPLE ARE MAKING DELAYS IN MAKING PAYMENT AND GIVING NON SENSE REASONS WHEN EVER I ARRIVE TO THERE OFFICE.

PLEASE ACT ACCORDINGLY ON THOSE PEOPLE'S WHO ARE NOT WORKING PROPERLY.
BECAUSE I SAW MANY PEOPLE OVER THERE HAVING THE SAME COMPLAINT WHEN I HAVE ARRIVED WHY THESE PEOPLE DONT WORK? THEY DONT HAVE ANY RIGHT TO STUCK OUR MONEY LIKE THIS.

PLEASE HELP ME I AM IN GREAT NEED OF MONEY...PLEASE.

REGARDS,

VIKAS GHATE
This is mr.bandaru srinivasa rao from macherla of guntur district.mr.narra durga reddy, the newly appointed branch manager for scuf of macherla is a great cheater and he is the person involved in a gang rape case of macherla ps during 2002 at skbr govt degree college.and aiso he cheated a lot of people by collecting the money from them and not deposited them in to their accounts, and if any one asks he abuse them and if so he attempts even to manhandle, he is the person in macherla involved in many illegal activities, such as cricket bettings, prostetution with sex workers, etc.,
This is mr.bandaru srinivasa rao from macherla of guntur district.mr.narra durga reddy, the newly appointed branch manager for scuf of macherla is a great cheater and he is the person involved in a gang rape case of macherla ps during 2002 at skbr govt degree college.and aiso he cheated a lot of people by collecting the money from them and not deposited them in to their accounts, and if any one asks he abuse them and if so he attempts even to manhandle, he is the person in macherla involved in many illegal activities, such as cricket bettings, prostetution with sex workers, etc.,
dear sir,
i was deposit in Rs.30, 000/ x 2 nos in venkatraya finance tanuku in[protected], this is complet in[protected], but the company not paid my any amount and any corspondence. what iam doing please suggest.i am a poor family, once a time our family cheeting lowers.please help me
Yes i agree we have problem in our company, when we ask to join some new persons to chit group we will be like dog and to some mama job also and later we will not reponse even mobile calls also and we have to do lot of mama job for new coustomer so we are busy with new coustemers and my wife and family.

sorry for the inconvinence
Dindigul - Batlagundu Br. Manager


Yes i agree we have problem in our company, when we ask to join some new persons to chit group we will be like dog and to some mama job also and later we will not reponse even mobile calls also and we have to do lot of mama job for new coustomer so we are busy with new coustemers and my wife and family.

sorry for the inconvinence, new coustmers please patient and wait in your aloted time because all our branch mangers are having one wife only
Dindigul - Batlagundu Br. Manager


Yes i agree we have problem in our company, when we ask to join some new persons to chit group we will be like dog and to some mama job also and later we will not reponse even mobile calls also and we have to do lot of mama job for new coustomer so we are busy with new coustemers and my wife and family.

sorry for the inconvinence, new coustmers please patient and wait in your aloted time because all our branch mangers are having one wife only

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