Schools
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Bengaluru man pays ₹12,500 monthly for 40 months, gets ₹20,000 from chit fund: Consumer court orders ₹4.08 lakh payout
Marcus Chen
Marcus Chen
Managing Editor · St. Paul, MN
Marcus manages the day-to-day editorial workflow across all brands, coordinating coverage assignments and ensuring editorial standards are met. He previously served as city editor at the Pioneer Press and holds a degree in Political Science from Carleton College.
More from Marcus →Managing Editor · Wednesday, October 28, 2026 at 2:57 PM · 1 min read
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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