Indian Cooperative recently front paged a story titled “Sahara Credit Co-op: Story of a helpless investor” in which an investor Bh.Subba Rao from Parvatipuram District Vizianagaram A.P was reported struggling to get back his money after maturity from local branch of Sahara Credit Co Operative Society.
He had deposited money in the form of fixed deposits in the society in the year 2012 for a period of 5 years. The deposited amount became 7 lac after maturity. This year on 5th January the instruments were due for maturity.
Soon after the story was published perhaps the Sahara headquarters took note of it and directed the local office to do the needful. The relieved victim wrote the following piece to us thanking Indian Cooperative profusely.
Excerpts:
Dear Indian Cooperative
Namaste!
First of all, thank you so much for your kind intervention and co operation in this matter.
I think, it was only after your intervention that Sahara officials contacted me over the phone and the Manager Parvatipuram immediately reacted. I met him personally along with my agent at his office in Parvatipuram last week.
He said it will take a few days to pay my maturity amount as he will send the necessary papers to the headquarters.
He assured me that the amount would soon be paid to me and hence I decided to wait for a few days more.
Once again, I am extremely thankful and grateful to you for your kind support and I will intimate you as soon as I receive my maturity money.
I will scan as well as mail the relevant papers to you if the BM Sahara fails to keep its assurance. Until then I would not bother you about the matter.
May I expect you to kindly help me again if the necessary action is not taken in the matter?
Regards
Bh.Subba Rao