[Resolved]  Kapil Chit Funds — FRAUD & BLACKMAILING

Address:

Hyderabad, Andhra Pradesh

Dear All,

My name is Arun kumar i have 03 Chits in Kapil Chits for 3 lakhs, 5 lakhs and 15 Lakhs, my Kapil Chitfund Agent Name. Mr. Madhu [protected], i have lifted 5 lakhs chit last year and submitted security as per the rules for any chit company, but The Branch Manager of KPHB Kapil Chits and thier Verification Officer is making to sign on LIC Policy of Kotak Mahinda Bank and deducted 15,000/- Rupees from my Chit, when i requested them that am not interested in taking any policy on Kotak Mahindra Bank, Manager is refusing to give my Amount, atlast due to my personal reasons i have signed the papers of insurance,
And Again i have lifted 3 lakh chit in the month of 25th month, again the verification officer force me to sign documents for POLICY, But I have refused to sign, and I got my payment in the month of June 1st week, but again they have given reciept of Kapil Chits some welfare fund for Rs. 1200/- when i contacted to the branch manger, told that is LIC POLICY OF KOTAK MAHINDRA BANK i told am not interested, he says it is compolsry.

Till date i have not received the BOND neither my money from KAPIL CHITS KPHB BRANCH,

I Request IRDA to kindly take action on Kapil Chits (KPHB BRANCH MANAGER) ON IMMEDIATE,

Thanks & regards
arun
[protected]//27892513