Bengaluru man pays ₹12,500 monthly for 40 months, gets ₹20,000 from chit fund: Consumer court orders ₹4.08 lakh payout
Mint
The brief
A Bengaluru consumer commission has directed Samith Chits Pvt Ltd to pay Vishnuprasad ₹4,07,940 with 6.5% annual interest after the company failed to clear his chit fund prize money. The subscriber had paid ₹12,500 monthly for 40 months and received only ₹20,000 after winning his bid.
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