Kalyan Jewellers — Kalyan Jewellers Cheat for FD Amount & Maturity Benefits

Address: New Delhi, Delhi

Dear All Concerned & Victims of Kalyan Jewellers, I am putting up my experience, rather a grievance. I had done an FD in their prevailing scheme in Aug 2014 in Karol Bagh, Delhi of INR 5, 000/- pm which I have just discontinued in Mar 2015. Following are the key points with their reactions over the same. 1. Firstly they had change the FD scheme in between without prior notice, written communication or any msg. While they record all such details on inception of the FD. Important point here is that they have given the bond but not scheme terms & conditions during anytime of the tenure. 2. Even on changing the scheme in between (without prior notice which they had forcefully done), they did not inculcate this practice even after I had told them to be transparent. Instead they asked me click a photo of an example in their illustration diary. 3. Since, 6th month installment they were after me to choose an ornament from their catalogue.Though I had a word with their management I will not be choosing the any ornament & I had clearly mentioned them I will be going for diamond jewellery & not anything from the catalogue. Also, I mentioned I will buying ornaments approx 1 Lac & will clear the amount instant. Imp point here is that they have never mentioned: a. That we need to choose the ornament in the 8th Month b. There was never a catalogue which I was briefed to choose from those selected items only. c. Best part is: they said after 11th month they will need 2 months to deliver the selected item d. Diamond jewellery is very selected & you cannot go for other ornaments. 4. This continued for 7th, 8th installment. On 9th installment after paying the installment they compelled me to choose an ornament else they will not go ahead with the FD & will forfeit the amount & on top of it they said if their so-called management is considerate enough they will repay the amount with a DD 2 months after 11th month with cost incurred to make the same from my money will be mailed on my mailing address. Imp point here is they had never told me anything about it, this was almost like a bully where in they were doing what ever they felt like with my money & I have been looking & suffering like a loser to choose the wrong place for investment of my money & to buy jewellery. 5. This led to a heated discussion & after I lost my cool on them & yelling at them on the floor and creating a fuss they decided to give my money back and that too in cash only. Imp point here are: a. They have utilized my money & I lost the interest on my investment. b. No compensation of my interest were discussed. c. All this scenario was never mentioned on any piece of paper d. Their hospitality is their prank to raise money from the people instead going public. e. No upper management came into picture to resolve the same & instead they were looking very cool & prepared to do all this as if they had done the same or seen the same in the past f. Best part came into being when they asked me fill up a form which mentioned that I am not able to continue the FD due to my personal reasons & financial crunch, this was never the case & I had clearly declined saying if i will sign this then they to sign on papers where in I will describe the whole scenario. g. Best part came in when they said 'agar aap nahi maanoge to hum apko yahan se dhakke maar k nikal denge' - 'if i will not cooperate with them, they will throw me out of their place'. I am not boasting here but just when I said who I am & what kind of conduct they are using, they were all on floors for settlement. All their Ads & brand ambassadors is a bluff & just a marketing gimmick and they are just another jeweller looking forward to pull money from innocent people's pocket. My certain request to you all is to stay away from these fraudulent people & stay invested in other tools. Hope my experience will be an eye opener for you all. And I confirm here that I have all evidences & I am not putting this up due to any grudges or non adherence & understanding of scheme. Regards, Sharad Rastogi sharad.rastogi.[protected]@gmail.com /[protected]