New Delhi, Oct. 28 -- A Bengaluru consumer commission has directed Samith Chits Pvt Ltd to pay Rs.4,07,940 to a subscriber who received only Rs.20,000 after winning a bid in a Rs.5 lakh chit fund scheme. The commission has also ordered the company to pay interest at 6.5% per annum on the outstanding amount and Rs.3,000 towards proceedings costs, the Times of India reported.

The order was pronounced on September 28, 2026, by the Bangalore 1st Additional District Consumer Disputes Redressal Commission, comprising President Syed Anser Khaleem and two members. It followed a complaint filed by Vishnuprasad against the chit fund company.

According to the complaint, Vishnuprasad subscribed to a Rs.5 lakh chit scheme operated by Samith Chits. U...