A committee, which is fighting for the defrauded depositors, submitted a memorandum to the SEBI office in Kolkata.
The rally was conducted from College Square to Esplanade.
"All the culprits and those who have helped these chit fund companies to flourish should be arrested immediately. Not only should they be arrested, but the money taken by them should also be returned to the depositors," state Opposition leader Surya Kanta Mishra said.
Later, a delegation, led by Congress MLA Sukbilas Barma, CPI(M) leader Sujan Chakraborty,Amitava Majumdar went to SEBI office in Kolkata and submitted a deputation.