Query of Bhanu Prakash

My father G. Rathnamaiah a senior citizen(66y) residing at 4-1-44, Main bazaar, Pulivendula, Kadapa(Dt), AP has invested into a recurring deposit scheme of “Sahara Credit Cooperative Society Ltd (SCCS)” of pulivendula branch located at Pardhasarahi building, Bus stand road, Pulivendula, Kadapa(Dt),AP on 30th June 2012. Below are the details of the same.

Scheme name : Sahara M Benefit; Scheme type: Recurring deposit; Tenure: 60 months; Monthly payment: Rs. 5300/-; Account Number: 25474200961; Account started on : 30/06/2012; Account Matured on : 30/06/2017; Total Deposited Amount: 3,18,000

The scheme has matured on 30th June 2017 and my father has applied for withdrawal of the maturity amount of more than 4 lakhs. However, we have neither got the maturity amount nor any written response even though it is more than 6 months.

Please use your good offices to do the needful as the amount is required for my father’s peaceful living in his old life.

I C Naik

File a Complaint to Consumer Court of your District.

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