Help : Get money back from Sahara india for mature FD RD

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Last comment 2020-10-25

titamazon

Deal Subedar

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2020-10-25

Guys

My parents had deposited 10k back in 2010 in Sahara which got matured and double in 2017 only. But whenever we go to office they say we dont have the money cant give u know. You can withdraw some money and create a new fd with us.

Since they are not in position to refund money now and after 10 years their office may be disappear so we have not renewed our mature amount.

After lic suresnder task i am going to clean this 20k mess with sahara group.

I had already tried pgportal, sahara grievancess cell but nothing work. So kindly suggest me what i can do to get my money back.

Info : the tenure , amount i mentioned may be small wrong but yes its matured in 2017 only.

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3707

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guest_999 2020-10-25

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Try contacting sebi.

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titamazon 2020-10-25

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guest_999 wrote:
https://www.quora.com/How-can-I-get-back-my-mon...

Try contacting sebi.

Bro i tried to contact sebi in 2019 also, see their reply below:

This has reference to your captioned complaint wherein you have raised your grievance relating to your investment in Saharas. In this regard, you are informed that the Competent Authority had decided to fix the last date as 02.07.2018 for receipt of application forms for refund from the bondholders of Sahara India Real Estate Corporation Ltd (SIRECL), and/or Sahara Housing Investment Corporation Ltd.(SHICL). Vide advertisements published in newspapers on 26.03.2018 and addendum on 19.06.2018 the above decision was informed to the public at large. In view of the above, your grievance relating to your investment in SIRECL and /or SHICL, if any, cannot be entertained by SEBI as the time fixed for submission of application has expired.

3707

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guest_999 2020-10-25

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Oh! bad luck then. Try to get at least some amount back by giving some “commission” to the sahara guy by saying at least give me this much % & then rest I will reinvest.

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rockingneo 2020-10-25

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My next door uncle was Sahara agent. Every alternate day some person come and fighting starts verbally not physically. Sahara office is not listening anything. I see as a fun part but feel very bad who have invested in this.

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titamazon 2020-10-25

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guest_999 wrote:
Oh! bad luck then. Try to get at least some amount back by giving some “commission” to the sahara guy by saying at least give me this much % & then rest I will reinvest.

bro if i fight at right place will get back money, but for new investment they have made t&c in such a way that investor will never get back his money in his lifetime.

Thankfully my parents has invested only 10k but i want to get back their hard earned money in anyway. I am ready to go for consumer court or legal court to teach them a very small lesson.

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titamazon 2020-10-25

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rockingneo wrote:
My next door uncle was Sahara agent. Every alternate day some person come and fighting starts verbally not physically. Sahara office is not listening anything. I see as a fun part but feel very bad who have invested in this.

Agent can do nothing, they are like BALI KA BAKRA only.

I think SAHARA SCAM is bigger DEMOCRACY SCAM

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manav.choudhry598 2020-10-25

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It was the biggest chit fund scam probably in the world, proper mlm scheme on which earlier investor may have profited who withdrew but those kept renewing got screwed and worse is maximum were poorest of poor who did not have enough to have two square meals a day, Sahara had over 5 crore investors, I do not think anything can be done now, better accept it as loss and move on.
If you wanna know its Modus operandi than watch Bad Boy Billionaires on Netflix.

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Sidhu634 2020-10-25

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I am sad to hear about ur story. My parents also invested in sahara back when there was a reputation and there was no scam on their name. After maturity when we went to withdraw the amount, they said that the terms were changed in between and the intrest they were paying was even less than what you can get in savings account. After many years of court case in consumer court, we had no choice but to settle for what they were offering. These people know how to bend laws and have hired lawyers for this and they know how to manipulate things.
I would pray you get your rightful money as soon as possible