Kapil Chit Funds Complaints & Reviews

I had joined in 5 lakh chit and it is completed by June 2020. After 6 months they agreed to give 3lakh in 25 monthly installments.but for remaining 1.75 lakh they are not responding to settle. After many calls they are dumb to my plead.please help me .
My name M.krishna prasad,
Chit no-(FNET28J-37)
Nellore branch
Andhra Pradesh.

Sir my chit reference is FTRS13F-12, my chit period also completed amount not cleared yet for over 4 months completed.plz solve my issue as quickly as possible and give me reply

Three months back we bid the chit but still we haven't received any amount, not even confirmation when will get.

Surprisingly not answering the calls and responce while visiting office also very very poor.

Dear Sir,

Myself R.Kishore Kumar s/o P Padmavathi holding chit FPPP-04P15 has been completed on August 2020 but the amount has not been received yet even after completing 7 months.

My family has been trusting Kapil Chits from past 10 years & have been your clients since then. Even though so many people suggested not to trust Kapil Chits anymore and got delayed payments in the past we have taken our association forward by adding one more 10 lakh chitti ( FPPT04P-15 ).

After completion of chitti tenure ie., 50 months on September 2020, the Branch manager Mr. Naidu has told to my mother that the Lump sum amount will be divided into 20 months cheques with some interest, even though i'm insisting not to go for the scheme Mr.Naidu has told that its the only option available else the money will not be given within 2 years. The cheques have not been received yet and all the employees have successfully postponed till date by telling lies, by not lifting the calls and citing all the bogus reasons . Till now the amount has not been received and the RM has been beating around the bushes rather settling the issue. And even the response has not at all satisfactory.

Chittis will be participated by middle class families to attain certain long term needs, functions, investments, medical needs and for emergencies etc.
Delay of more than 200 days is not at all acceptable and recent development of our health problems have added smoke to fire. My mother has been suffering from Carcinoma and has to be met with regular medications.

Being a reputed organization ( Kapil Chits ) it is in a very pathetic situation to follow the basic systematic process & to attain Clients needs even after 200 days. Looking at the our Scenario, even sometimes we are feared that Kapil Chits may undergo bankruptcy or certain scam like Agrigold etc. And even BM's, RM, AGM are sitting on the fence rather attaining the client's problems.

Requesting you to clear the dues immediately by tomorrow else considering the above situation, the scenario will be considered as organized cheating & crime and as per our legal advisor a cheating case will be filed on consumer form as well as in PS on the BM, RM and will be escalated further legally.

Regards, R Kishore Kumar, [protected].

I have so many chits in kapil chit funds to knów chit details time to time and to get sms reminders for my chit dues and to login and see my chit details online mobile number registration is mandatory . We have raised so many requests but they are not caring about this issue...

Sir
chit subscriber of nagole branch, i have 3 1laksh chits in this branch
2 chits lifted in dec 20, still now amount not given, round the clock
follow up but no result,
please see in this matter other wise i will be taking seriou action

ghanshym
[protected]
chit group : FKLBT- 32F ( 2 CHITS) AND FKLBT -27F ( 1CHIT)

Hi my name is naresh i have started 1000000/- chit in mallapur branch and I lifed the chit last 4 months back surety delay from mine because I suffred covid and recoverd recently and I submitted surety 2 days back one govt employ class 4 sweeper permanent employ but kapil chit manager mallapur told me to not eligible class 4 employ that's iam asking is it true

I have a chit which has applied for settlement four months ago but amount not received.Manager is not responding.
The chit is at Adoni Branch. MANAGER NAME IS KOTESHWAR RAO.

I have paid the chit amount of Rs. 10350 in october for 5lakhs chit registration, after that every month 6500 as 2nd instalment & 3rd month emi as 10000, 4th month emi as 6500 like that i have paid till feb 6500, total about Rs. 39850/- and said that i want to lift the chit in 3rd month, till now there is no response from the manager of LB Nagar - Kumara Swamy, every month i have been transferring money to him and he said i will share the passbook and form today and tomorrow like that he is making me wandering around him since January 2021 to till date.
Every time he will say, iam having lunch, at hospital and other blah blah stories, in the meanwhile i received a call from one of the exe from accounts abt the march month payment pending. i spoke to him and asked let me see the details in online so that i will pay online, i have registered myself online on Feb 2021 till now its in progress no update and no they are saying chit started in January and i have paid only 2months, but where i have been paying since 5months, where is my amount.
Kumara swamy is cheated me about giving the false commitments and cheated that chit started and accepting money since october which is additional of 3months in advance.

Dear sir

i am from karimnagar I am lifting my chit in your branch kapil chits in january 31-2021 but company not pay the money till date now my verification also completed one month before ..but the company manger could not responding while i am asking money he giving neglect answer...he say what you want do you do that ..my family suffering lot please tack action on him immediately otherwise we will go to media about him and total kapil chits

IAM from tadepalligudem. IAM subscriber chit reference FTFT01k_21. Collection employee collected amount 10000 and entered into the passbook and TR no.1604/18 but did not enter in the system He misuse the amount.and I complaint District chit register eluru

Chit series No.KTN01T08J .
Auction held on 31.12.2020.
Remarks . Amount not paid till date.
Please my cell no.[protected]

My name is Suresh Uppalanchi, My Chit no: FRMT03J-12
I bid my bidding in the auction held on Oct-31-2020, but still as of today 17-Mar-2021 I didn't received my cheque amounting 4.22Lacs.
I have submitted all the required surety documents 2 months back but still they are delaying the payment.
I have tried to reach the branch manager and his number is switched off and if I try to reach to branch landline no one is responding to that number.
I am trying to reach the higher management of Kapil Chits, but no one from any of the Kapil offices helping us.

Totally I can say, they are having pathetic service at all, all they want is us to join the chit and later they don't care about the suscribers and there need at time.

WORSE CHITFUND COMPANY!!!

Dear kapil chits MD kindly note that your regional manager of Mahabubnagar branch mr Raghu is a worst person in the seat. He is unable to do business and unable to stand on his words. Every time he switched off his phone or he will not lift the call of me or any customers. And the same copy of raghu is your branch manager mr laxman. I think you are just running business but not enquiring about your employees. Visit this branch daily 3 to 4 customer comes with a complaint but here is the same answer of lower staff is manager is not available.

While joining only I had mentioned my requirements, that rogue does fake promises and done our joining, I got the very worst payment after 1 year of the auction, we got cheated more than 3 lacs from kapil chits, I will never ever forgive those Rascals... They speak very politely till you join & done with payment, after then their true colours will show

Chit fund reference number: FGDT02R/27

Chit value: 15 lacks

period: 50 months

Customer name is: Sivarami reddy Eswarawaka

Branch: Gudur, Nellore district

I have paid monthly subscriptions of 30, 000 INR for 30 months chit with out any single-time delay.

Have auctioned the chit on 30th month with the reduction of 2.35 lakh, so I suppose to get 15-2.35=12.65 lakhs to my account but

I got an offer from manager that I will get only 5.5 lakhs( They have deducted rest of the 20 subscriptions of 30 000 of every month and total of 6 lakhs and also reduced other chit one lakh rest of the subscriptions from 12.65 Lakhs) that also not giving at a time but offering with 25 checks with monthly installments of 22000.

any reductions from every month subscriptions will be paid to me only after 20 months with out any interest.

I have net net loss of 3.5 lakhs from what I have paid already which is 9 lakhs worth and also loosing the interest for rest of all 20 subscriptions amount interest for 6+1 lakhs for 20 months 2.8 lakhs

and also reduced amount they are going to give me after 20 moths again the loss of interest on the reduced amount on every month, amount so close to 7 lakhs is the net loss

I have been using Kapil chit fund form last 10 years and have been very loyal customer for Kapil, but now what ever is happening is ob[censored]ely very disappointing and I'm undergoing with tremendous financial pressure due to this, Have total debts of 15 lakhs from our side for the rate of interest so I do not have any other income sources to pay those debts, This is only the source of income to pay my debts.

If you are not going to pay me 12.65 lakhs at a time, do not know what is the other way.

You guys are cheating me in big way and this is not the way you guys need to treat your valuable customer. I'm really going thru ultimate pressure from my family members and my debtors so Do not know how to over come this situation.

You guys only can help to take out from this situation otherwise it is like do or die situation for me.

I hope you guy do the needful and make me to overcome this situation

Keeping my hope alive to get me out from this situation

నాపేరు s shashavali నా చిట్ no FATT12P-29నేను సెప్టెంబర్ 30వ తేదీన చిట్ ఎత్తినాను నాకు ఇంతవరకు నా amount ఇవ్వలేదు, బ్రాంచ్ మేనేజర్ మరియు జిల్లా ఇంచార్జి ఎవ్వరికీ చెప్పిన రెస్పాండ్ లేదు, ప్లీజ్ నా amount ఇప్పించండి మాది అనంతపురం జిల్లా AP

Our chit auction in the month of dec 2020 but we received a cheque on 11.03.2021.
It is too late of payment to customers in Tandur Branch, Vikarabad Dist.

This is md Anwar from kothagudem branch.we have 5lakh chit in your branch and it is supposed to be end in June-2021.. due to covid and other issues every time we pay 3 months once but we never cheated to pay on time.this chit is about to end in June.and we need to pay Jan & Feb month due amount and we today went to office to pay the amount but the manager of kothagudem not taking amount and demanding to pay for march month.if not he will not take the amount and he will send notice to our guarantee.This is completely ashamed before auction how he is demanding and making argue in the office with his executives..my humble request to appoint some sence person In this branch and try to resolve our issue..we told him auction date is 28th so we will pay by 29th of this month.but as usual manager arrogance making us in trouble..plz try to resolve issue on high priority.

I have claimed my chit value of Rs. 4, 35, 000/- on 31.12.2019 but I a have received a cheque on 10.07.2020 for Rs. 2, 00, 000/-(PO NO. 211 177 KVB) and Rs. 1, 85, 345/- on 29.08.2020(PO.NO.211354 KVB) remaining balance amount and details not received. Number of times I had phone call to concerned persons but they will not respond to me. So I request you please send the balance amount details and pay the interest for the period of delay.