[Resolved]  Kapil Chit Funds Pvt Ltd — delay in prized money

We have been associated with your company as a subscriber of various chits in the past. You can also refer the chit No.BLTO/F/37 where, in we have paid all the chit amounts in time. We have arranged the sureties with in 7 days of the auction, but we have received the bid amount after 3 Months. We have addressed one letter for payment of interest for delayed period. It is surprising to note that we have not received any reply to the letter. As there is no response from you even for the letter and now payment of interest for the delayed period, we have lost the faith on your company and discontinued the chit BLT 02 F1-11 and suspended the payment of further installments. You have unilaterally decided to pay an amount of Rs.4200/- towards the installments of Rs 11850/- by your removal letter without asking us the causes of discontinuation and payment of interest for delayed period.

Now we are reiterating that due to delay in payment of interest only, we resorted to discontinue the chit. As there in a mistake on your part for non payment of interest and without giving an opportunity, we hereby asking you to pay the interest for delayed payment of bid amount and return the installments of Rs. 11850/- paid by us in respect of the fresh chit taken by us .

Hope you will pay interest and return the installments of Rs 11850/- at the earliest to repose the confidence on your company.

If we don’t receive the interest for delayed period and the amount of Rs. 11850/- is not returned to us, we have to resort to the court of law for seeking the justice.

To day the branch manager of Kapil chit funds bobbili is telephoned me and threatened that he will present cheques for future liability which was given for security purpose .
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Aug 13, 2020
Complaint marked as Resolved 
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chitfund — delaying in payment of money

my name is naresh kumar i enrolled a chit in kapil chit funds( kakatitya ) pvt ltd my sub number FKRM03F1-24 1,50,000 chit i prized this chitin 31/10/2010 they till now not given check to me i reaptedly consulted the office finally they told we give check at 6/01/2010, really i disappointed

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    Kapil Chit Funds Phone
    +91 40 2306 6699
    +91 40 2306 0229
    Kapil Chit Funds Address
    House No 3-6-9/10, 1st Floor, Above Corporation Bank, Vivekananda Nagar Colony, Kukatpally, Hyderabad, Andhra Pradesh, India - 500072
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