Kapil Chit Funds Pvt Ltd — bad company

 
10 Reviews
India
 guptabbl
17/09/2009
The Consumer Complints.in

Dear Sir,

I am one of the subscribers of M/s Kapil Chit Funds, Bobbili vide 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 to M/s Kapil Chit Fund Company, Bobbili branch 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 them even for the letter and no payment of interest for the delayed period, we have lost faith on M/s Kapil Chit Fund company and discontinued the chit BLT 02 F1-11 and suspended the payment of further installments for interest on the delayed payment on our prized Amount. They have unilaterally decided to pay an amount of Rs.4200/- towards the installments of Rs 11850/- by removal letter without giving any written notice before removal of my name as a subscriber.

Now we are reiterating that due to delay in payment of interest only, we resorted to discontinue the chit as there is a mistake on their part for non payment of interest for delayed payment for prized chit.

It is also bringing to your kind notice that the chit company has not served the agreement copy to us and they are also not in the habit circulating the date of auction and other statutory details to us.

They have collected 5 Blank cheques for security purpose at the time of chit prized along with the sureties, now the branch manager of M/s Kapil Chit Funds Pvt Ltd, Bobbili is threatening over phone that the security cheques will be presented in the bank for future liability.

We hereby bringing to the respected Registrar to examine the matter and do justice.



Thanking you Sir,


Yours faithfully
Complaint comments  9 Comments     Updated: Share0Tweet0

Comments

kapil chit funds pvt ltd — late payment

Dear Sir,

I am one of the subscribers of M/s Kapil Chit Funds, Bobbili vide 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 to M/s Kapil Chit Fund Company, Bobbili branch 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 them even for the letter and no payment of interest for the delayed period, we have lost faith on M/s Kapil Chit Fund company and discontinued the chit BLT 02 F1-11 and suspended the payment of further installments for interest on the delayed payment on our prized Amount. They have unilaterally decided to pay an amount of Rs.4200/- towards the installments of Rs 11850/- by removal letter without giving any written notice before removal of my name as a subscriber.

Now we are reiterating that due to delay in payment of interest only, we resorted to discontinue the chit as there is a mistake on their part for non payment of interest for delayed payment for prized chit.

It is also bringing to your kind notice that the chit company has not served the agreement copy to us and they are also not in the habit circulating the date of auction and other statutory details to us.

They have collected 5 Blank cheques for security purpose at the time of chit prized along with the sureties, now the branch manager of M/s Kapil Chit Funds Pvt Ltd, Bobbili is threatening over phone that the security cheques will be presented in the bank for future liability.

We hereby bringing to the respected Registrar to examine the matter and do justice.
Dear Sir/Madam,

I am also subscriber of Kapil Chits Kosta Pvt. Ltd., VIZIANAGARAM. I was lift my 5 Lack chits on Nov 2009. The Manager was very Cooparetive. He was help me to pay money in time. means in the Next Month December 2009.

i was spend that amount for my Sister marriage in time

I am willing to move with Kapil Chits for further. Hope Chits are very good investment plan for Middle class people like me...


Thanks

Babu Rao G
Dear Sir,

I am one of the subscribers of M/s Kapil Chit Funds, Ongole Branch no.2 vide chit No.FOGTO/1H/36 where in we have paid all the chit amounts in time. We have arranged the 4 sureties with in 15 days of the auction, but we have amount not received

4 sureties work in Ongole Dairy Managment by (NDDB) National Dairy Development Board in co-operative department but Branch manager not elible suretis The Ongole dairy established in 1978 in 30 years yearly 100 Core turnover 4Nos suriets is salary gross above 15, 000/- and

May 24, 2010 subsciberthe chiitti till to date payment not received but chit payment installment intime .

Margardasi and Sree ram chits any local chits eligible for co-operative surites but kapil chit not eligeble for surites .

I working in Ongole dairy contract basic employee, L.IC Agent 5yrs submit by Income tax Assessee

We hereby bringing to the respected Registrar to examine the matter and do justice.

Thanking you Sir,
I have a different amount of chits with kapil chit fund, in khammam GHANDHICHOWK Branch, in that 1 lakh of chit group was completed in February month, i am staying in hyderabad, they were not intimated for documentation everything will be fallow up from my self only, I am fallow up with branch officers and with manager also. Cheque also printed they were not intimated, when I called to the manager Mr.Dhayakar he said cheque is already compleated send your father tomorrow at 10AM. My father went to office at 11 AM manger was not there when my father and mecalled to manager i will come on 5 minits 5 min gone 10 min gone More than 1 houre my father was waiting in branch. Ask to branch staff they are talking too roodly and arguing with my father, if manger come on evening till that time wait for cheque. I don't know one thing cheques are keep along with manager ? That time I was called to Zonel Manager Mr.Rames he was also talking irrespectively and neglectly then later I was called more than 6 times phone is ringing but he was not answering my call. Then after I Was informed to KHAMMAM ZONE MD Mr.Rajkumar. This type of respect and responce giving to customers. So I was literally fed up with kapil chit fund Service, service will also build with Respect and responce only. I will never invest kapil chit fund in my life and never ever recommend to anyone. Very very too poore service ( BUSNESS SHOULD DEVELOP WITH ONLY CUSTOMER SERSERVICE AND SATISFACTION). I should request to u please take serious action on this issue, and don't repeate again with other
Dear Team,

Sub :- Regarding ZONAL MANGER AND BRANCH STAFF Irrespective response with customer.

Respecting You,

I have a different amount of chits with kapil chit fund, in khammam GHANDHICHOWK Branch, in that 1 lakh of chit group was completed in February month, i am staying in hyderabad, they were not intimated for documentation everything will be fallow up from my self only, I am fallow up with branch officers and with manager also. Cheque also printed they were not intimated, when I called to the manager Mr.Dhayakar he said cheque is already completed send your father tomorrow at 10AM. My father went to office at 11 AM manger was not there when my father and me called to manager i will come on 5 minits 5 min gone 10 min gone More than 1 hours my father was waiting in branch. Ask to branch staff they are talking too rudely and arguing with my father, if manger come on evening till that time wait for cheque. I don't know one thing cheques are keep along with manager ? That time I was called to Zonel Manager Mr.Rames he was also talking irrespectively and neglectly then later I was called more than 6 times phone is ringing but he was not answering my call. Then after I Was informed to KHAMMAM ZONE MD Mr.Rajkumar. This type of respect and responce giving to customers. So I was literally fed up with kapil chit fund Service, service will also build with Respect and responce only. I will never invest kapil chit fund in my life and never ever recommend to anyone. Very very too poore service ( BUSNESS SHOULD DEVELOP WITH ONLY CUSTOMER SERSERVICE AND SATISFACTION). I should request to u please take serious action on this issue, and don't repeate again with other customers face this problem.

Thanks & Regards
Venkatesh.B
Dear Sir/Madam,

I am one of the victim to the kapil chit fund. Recently i prized chit bearing no. FGW TO 3P /35 at Gadwal branch. The branch manger and other staff members are not cooperative in following the procedures to get the prized amount to me. They are insisting to produce 3 black cheque and three govt. Employees surety as their security.
My question is does the chit fund or any other organisations have any right to ask and get black cheques as there security?
i already produced 3 Govt. employee's surety, i am not interested to give my black cheques to them . i want to file a case against the kapil chit fund company for asking blank cheques. Every one should complaint to the reserve bank of India in this regard .
never never never join in KAPIL CHIT FUND COMPANY...

THANKS A LOT
FROM: G. RAVINDER REDDY .GADWAL

suffering me

what i will do by the company suffering me on my dues i want some time to ay my dues but they are directly coming where iam
This is Syed Raouf, I have completed my 2 chits nearly 4 months back costing nearly 7L, the team and Manager at Ghatkesar branch
are just bluffing me saying we will give your amount on so and so date, and when the day comes they are not even responding, this has become a big head ache, I don't know how this KAPIL CHITS management is working... they are not even responding properly..
and now I have completed my 2 more chits costing 10L, and don't know when I am going to get this amount... I have talked to the regional manager I belive MR Madhu Sudan Sir, This Guy I dont know how Kapil chits have given him this H.O. seat... He does not have the respect to others nor he respect the Seat which is he holding, worst fellow ever met... no manners ... one good thing is he never picks up the call and gives all false statement...

In my life a big mistake is KAPIL CHITS... never ever will forgive myself...

Last Option I believe I have is Police Station... hope I will get my money when I go and ask help in Police Station...

Regards
Syed Raouf
[protected]
[protected]
Dear Reader,

This is to inform that I have received all the pending amounts from Ghatkesar Kapil Chits Branch..

Thanks to the Manager and there staff to receive my money back..

I take my complaint back...

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    Kapil Chit Funds Pvt Ltd - bad company