[Resolved]  Kapil Chit Funds Pvt Ltd. — delay in payment & other things

Address:

Hyderabad, Andhra Pradesh

Respected sir,
am sravan kumar
1. I have CHIT in kapil chit funds Pvt.Ltd at mancherial branch, chit value of 250000.00 chit reference number FMT09G1-08 duration of 50 months.Due to my personal financial difficulties I bided the chit for Rs182400.00 on 04-AUG-2013 . they given the surety form on15th aug 2013.(one week late).i submitted all my documents & sureties on or before 30th aug 2013.
They accepted all the documents& they started verifiying they taken the time of 45 days.on oct16th 2013, completed all formalities and my background verification is also done, they said me that they will issue the cheque in 10 business days, After completing 04 months from 04 aug 2013 to 23 nov 2013. but till now I did not receive the cheque,
the kapil chit funds intentionally dealying the bid amounts. enjoying the peoples money 4 to 5 months by voialating the chit funds act rules. acc to the act the company has to pay with in 30 days.
2. The agents & collection boys are participating in bids with out permission of concerned party.in the 10th month my chit was lifted by collection boy with out my permission.and maked me 16500 lose i complented to the branch manager, he returnly blackmailed me to pay the amount, the manager said "i[censored] wont pay your chit will be removed"
3. The agents lifting the chit on the name of customer & selling the chit to other customer who wants urgently. like black market. the management look after everything but no action.
3. The insurance also doing by putting more pressure on customer (i.e kapil health insurance) these things are not notifying before the joining in to the chit.
4. No proper responsibility in kapil chit funds ( high level management is frad & low level management is corruption)

sir take necessary actions on kapil chit funds.
regards
sravan kumar yatham.
[protected]@gmail.com
[protected]