Cheat-fund

 

Cheat fund (Chit Fund) is a major threat to many people now. They come to many poor and common people and give many attractive offers to them. Most of these funds are not real. The cheater collects money thus and one day they will vanish.

In between this some collection agents also work and these collection agents remain directly involved with customers. So they are mainly affected. Some very bad news also comes. Unemployment is also a problem now. So many young come and work to earn some money as commission.

Many investors also lost their lifetime earnings and some time they commit suicide.  However, this should not be happen.

Government has a vital role regarding this. They should keep watch on this matter and should check the company’s status whether they are following all rules and regulations properly or not.

Reserve Bank and SEBI also has some duties. They should take immediate actions against thus cheat funds.

However, some non-banking organizations are working properly and as per rule and regulations.

We should be aware and should inform the common people especially to some illiterate persons so that they may keep their savings in some safe place.

The rules and regulations of banks and other government organizations should be simple and friendly, so that anyone can go there and keep their money in safe.

Do not go in any abnormal interest and return, if any company tells about some extraordinary return then be careful about that. Do not give any hard cash to any, as they may capture your money.

Always take money receipt after immediate depositing in counter.

Check all testimonials, know about that company, and then take time to think and after that if you understand that it is genuine then take positive decision.

In India, we have seen such many companies ago and they made many people helpless but still now the business of cheat fund is going on. They manage some high profile people and make some celebrities as ambassador. They help to manage to do works and some time they directly appeal to common people to invest in that company.

So be careful, as money is yours.

Article Posted By : Ram Prosad AcharyyalView All Articles

This is some suggestion to invetors.

Article Source :

http://www.veethi.com/articles/cheat-fund-article-2186.htm

Keywords :
Cheat-fund of non-banking instiute.

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