Tag: Refund

Duped investors of Rose Valley chit fund allege irregularities during refund

Banki: Duped investors of Rose Valley chit fund have alleged irregularities in the refund process which was initiated by the State government for small depositors with deposits less than Rs 10,000. Some depositors in Banki block under Dampada Tehsil of Cuttack district alleged that they were refunded way less money than what they had deposited. […]

  • Thursday, 29 July 2021
Chit fund scam: Small depositors to get refund soon, says minister

Bhubaneswar: The State government will soon refund the money to small depositors duped in the multi-crore chit fund scam in state, informed Odisha Finance Minister, Sashi Bhushan Behera today. “The process of identification of small depositors has started and very soon they will get their money back,” the minister assured. There are 1,16,504 small depositors […]

  • Monday, 26 July 2021
Odisha begins process to refund chit fund-hit depositors

Bhubaneswar: Odisha government has begun the process of refund to small depositors duped in the multi-crore chit-fund scam in state. The State government had set up a Rs 300-crore corpus fund in 2013 to refund affected-depositors. The Justice MM Das Commission has submitted four interim reports to the State goverment in which it has identified […]

  • Monday, 26 July 2021
HIgh Court Chitfund
HC directs Seashore, Rose Valley to refund money of depositors in 2 months

Cuttack: In a move likely to bring relief to the small investors duped by chit fund companies, the Orissa High Court today directed two major chit fund firms Seashore and Rose Valley Group to identify the investors and refund their money. The High Court has given two months time to the firms to complete all […]

  • Friday, 23 July 2021
IRCTC book train railway ticket ipay
IRCTC Alert For Passengers On Train Tickets Refund Rules In 2020

One of the common problems that train passengers have is about the charges and refund rules of train ticket cancellation. As passengers often end up getting confused, we have come up with a list of the important points/changes. Here are the following points: For cancellation of unreserved, RAC and waitlisted tickets, the cancellation charges are Rs […]

  • Wednesday, 21 April 2021
Airlines Directed To Refund Fares Of Tickets Cancelled For COVID-19 Lockdown

New Delhi:  In a major relief for those who booked flight tickets during the first and the extended COVID-19 lockdown periods, the Centre has formed guidelines on refund of fares. In an official memorandum, the Ministry of Civil Aviation acknowledged the unusual situation that has arisen due to the lockdown and its consequential effect on […]

  • Saturday, 17 April 2021
Centre Proposes Full Refund Of Airline Tickets Booked During Lockdown

New Delhi: The Centre has proposed that a full refund should be given by the airlines within 15 days for tickets booked during the lockdown, and if any airline is in financial distress then a credit shell should be provided up to March 31, 2021 on any route of passengers choice. The full refund has […]

  • Monday, 12 April 2021