Shriram Chits — delay in release of the bid amount

janisyed3

from Mahbubnagar, Telangana

Dec 22, 2018

Address: Hyderabad, Telangana, 500028

Website: Shriram Chits

I am a successful bidder of a chit valued of rs.25, 00, 000/- about 3 months back in their himayatnagar branch. Post bidding i have submitted security of 3 open plots within 30 days. The branch staff are delaying the verification of documents under one pre-text or the other. It takes a minimum of 15 days for just passing the documents from one table to another and they finally referred the documents for a legal opinion and the panel advocate took more than a month to just call for what is required. My moneys are held up with them and the whole staff join with each other to behave carelessly to delay the payments which attracts interest.

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Comments

ramabalasundaram

from Chennai, Tamil Nadu

Dec 24, 2018

I was having two deposit at nagercoil branch and surrendred after maturity(29.11.2018). I have got one deposit amount.₹one lakh each value.
The another deposit amount not yet received by me ...please look into it. I understand that there are some late actions in central office.

ramabalasundaram's reply, Dec 19, 2018

Today i have contacted the branch. All are in a meeting and not responding my complaint

Guru32156

from Karaikal, Puducherry

Jan 10, 2019

Any one don't get loan from shriram chitfund its a fraud agency