Kapil Chit Funds Complaints & Reviews

We have joined the chit no; ftt 18j ticket no: 4 (5 lakhs chits) on the name of k. Akansha jaiswal in secunderabad marredpally branch, now the chit was completed 2 months back and when i approached the branch for cheque the manager not responding and openly telling that it will take 3 more months to issue a cheque because you have paid all your subscriptions online.
Kinkily clarify by return mail whether paying online is a crime and moreover you have collected interest on late payments, now already 1 month is over and we are not going to wait for 2 more months, you kindly clear our payments immediately, along with interest for the delay or else i have to file a legal case against your branch

This is for your information and necessary action

K. Sanjay jaiswal
Mobile: [protected]

I am subscriber in kapil chit funds in brundavanam branch, nellore district, andhra pradesh with subscriber id fnet06h-24, i have finished my term of payment to chit in feb 2019, till today 31/05/2019 not received prize money, continuously followup to abm, manager, zonal manger, but nothng happened. As i am out of station due to work i am not able to meet them personally, no response from there, as per they mentioned i have signed on empty forms and courier the documents in march 2019. Even last year collection agent run away with my money, no action on him, no recovery of my amount.

We have auctioned chit for our daughter's marriage in october 2018 for the 10 lacs & 5 lacs chit and submitted all the required doc's and 3 govt officials surity. Kapil chits has promised that they will pay in 2-3 months. Its been 7 months and yet they have not paid the full amount. The managers and offices doesn't respond and they started saying "do what you want".

Kindly help.
[protected]

I am abhishek kumar agarwal from hyderabad having 3 chits for my company in the kapil chits funds hyderabad private limited - sangareddy branch - ii detals given below

Chit details
Srv creations - fsgt02r–13
Srv creations - fsgt08p–20
Lavish creations - fsgt02r–14

2 chits of srv creations i have lifted and 3 chit for lavish creation also i have lifted and and have made the fixed deposit of rs. 900000/- in the month of april' 2017 for which i have asked them to close in the month of october' 18 in which they have paid me rs. 895000/- no interest and nothing saying that everything is debited in charges as i have preclosed the fd which they have not informed me and its just cheating

Charges debited - levied
Srv creations - fsgt02r–13 rs. 21902/- charges & penalties
Srv creations - fsgt08p–20 rs. 46079/- charges & penalties
Lavish creations - fsgt02r–14 rs. 265190/- charges & interest on fd which is not received

Total charges / penalties / interest charges for all the above mention 3 chits is rs. 333171/- which is quite high on

This people are charging huge charges around 35 to 45 % per month on the late payment and when we im asking for my interest they are just saying its debited in charges

This people are just fraude and cheaters and harassing us too much send people who does not even know how to talk

I dvs prasunamba, aged 66, resident of ramanthapur (Hyderabad), am a subscriber of the following chits from kapil chits, lb nagar/nagole branch

Chit 1:
Series - fklbs07j-24
Value: 5 lakhs
Period: 25 months
End date: 2019

Chit 2: investment chit
Series - fklbs09j-8
Value: 5 lakhs
Period: 25 months
Lifted in the month of feb/mar 2019

Though the amount of above chits was due from kapil chits for over 3 months, no amount has been received till date. I have personally approached mr venkataramana the manager of lb nagar branch but to no avail.
Request action from the branch immediately otherwise i will have no alternative than to approach registrar of chits/court/police/media
-prasunamba

Hello, my name is siddartha maintaining 5lakshs chit in your toopran branch. I have paid all the instalments till date but you people are sending notice to surity people, when i enquired about it toopran branch people used my amount and they didn't made payment of mine officially from january to till date. They are not responding to calls, from last 4 months i didn't receive any receipts. If it's not cleared in one day i will take legal action on kapil chit funds and will drag you people to court.
Executive name: naveen

I alishetty padma maintaining a chit of rs 5.00 lakhs at your tupran branch. The details are here under
Group code ticket no ftpt08j-21
Pso no 198 /2015
I was supposed to receive the amount of rs 4.00 lakhs after deducting your branch commission and holding seven installments amount of rs 70000 on 06th march 2019.
Till date i did not receive the amount. The branch head mr b arvind reddy and st aff are not responding to my calls and my presence. We plan and invest in chits and if such is the situation what will be our feed back.
I request for the immediate payment.
With regards

Alishetty padma

Mobile no. [protected]

My chit was completed on november month2018, but chit amount was not given till now, saying tomorrow and day after tomorrow, staff was not responding properly, manger was so irresponsible and executives are also not responding to calls. Behaving rudely, i'm last customer of the chit, all chit members were withdrawn their amount but my account was not settled, previous chit interest amount also not given till now. Please take necessary steps to get my chit amount. Requsting you sir

Dear sir,
I took subscription in chit no FSSRT01J-25 in november 2018. It is a vacant one. I paid all previous dues and got prize in the subsequent month. I submitted all necessary sureties in jan 2019 but till now i dint recieve prized money. Even, till now nobody came for verification of sureties. The branch manager, (Mr. swamy, Sircilla2 branch) is very irresponsible. He always says tomorrow when i call him. normally, i dint attend my call, whenever I do call from other number he lifts the call and says the same word "tommorrow". As per the toll in this site the worst chit fund company award goes to kapil chit fund company. plz resolve my query as early as possible. since 6 months passed away i wexed up with this guys. Plz let me know shall I lodge a complaint in consumer court?
Thanking you sir
my mobile no is [protected]

This is n. Manidhar.. My mother has been told that she will be given 3 bonds (Bvm energy & residency pvt ltd)@ rs 1.25 lakhs each for the chit amount related to fgut13j-31auctioned in the month of may, 2018 from kapil chit funds, gudivada branch. But only 2 bonds are given in the month of february. As the 3rd bond details are not sent to central office at hyderabad, the branch manager has been requested to return the amount of rs 1.25 lakhs. But till now the amount is not given to my mother. Plz do the needful and return the amount at the earliest

-my mother smt neelam vijaya bharathi is having chit no fguto2h-34 for rs 3, 00, 000/-at gudivada branch of krishna dt. The maturity period is completed in the month of november, 2018 and she was not been given the amount so far. Though cheque was sent from zonal office to pay the amount to my mother (As informed in the zonal office).. The concerned branch manager has failed to do so till now. It is requested several times to both branch manager & zonal branch manager but no response.. Hence requested to kindly do the needful in clearing the chit amount to my mother

I have chit in kapil chits rajahmundry branch for rs 500000/- i was submitted all required documents in december 2018 but i didn't receive my bid amount till know. Branch manager was very irresponsible person. He didn't have minimum concern about customers. And the regional manager also didn't respond. I don't know how to recover my amount. Kapil chits was cheating customers

This is in regards to the chit # fkltt06p-16 in the name of vanaparthy nagesh was promised to give the lifted chit amount in the month of march basis on which i have prepared my son college fees.
I have provided all the requested documents however, the agent at lb nagar branch anil at lb nagar branch ([protected]) is making us go round and round and till date we did not get any amount.
So many people told about this harassment before starting the chit with kapil thinking that it is a good organisation but the peoples opinion is correct.
Need your help to co ordinate with kapil chits and get my lifted chit amount paid on priority or advise further action to be taken. Vanaparthy nagesh[protected].

Dear sir/ madam,
This is to inform that your customer (Mr. V. Joginath)- customer jeedimetla branch with 500000 chit, had met with an accident on 19 th of march 2019 and is currently not in a state to pay the instalment of remaining said 50000 rs, as of now. But once he recovers (In a couple of months) we assure u that he will make the payment and close the chit. Hope u will consider it.
Please do not proceed for legal procedure as it would be very shameful on your part that u are not considering the above said case on humanitarian grounds.

Thank u

Hi
1. I have picked my 30000 rs chit in january till not i did not got payment i have spoke to manager, asst manager all others i hve went to my branch officer, regional office all are irresponsible i have took chit last auction not in between i have paid regularly even though they are playing with us

2. I have got another chit of 10000 till now same i did not got payment i have submitted all papers related

3. Recently in the month of march also i took chit of 10000 till now they did not took signature also

We have taken bid on[protected] of chit no. Fwst11j49, for rs.500000/- from kapil chits, hanamkonda, dist: warangal urban, telangana state. So far the amount is not credited to me though i have submitted all documents after bidding the chit, submitting bank details. The manager, mr. Sagar of kapil chits branch hanamkonda, has visited me and told that due to non payments from other subscribers in march-2019, it is delayed and will be paid soon. But till[protected] the anount is not paid, and there is no response from the manager, he is not lifting the phone, the agent is also not responding till todate.

Hi Team,
I’m not happy to make complaint against you, but you people are not bothering anything about Customer’s.I have bond in your nellore Kosta branch-1, Certificate number.PA/KIA-NEL/L64/2016 which already matured[protected] but still not paid money.
Iam asking and reminding to Branch Manager Mr.Murali, Financial Manager Mr.Kumaraswami And Zonal Head Mr.Srinivas but no use they always saying something.This is not first time before one bond made payment after 6months of matured date that time almost 1000times I reminded.What is this?why you people are not taking care?in fact I didn’t get any benefit from your company even I lost more money and I paid premiums right time &advance but your side so sad.
For this bond I’m reminding from Dec 2018 and also submitted all required documents please feel something and take seriously

Thanks
Hariprasad

Dear Sir/ Madam,

Am a member of Kapil Chits Pvt Ltd and I would like to inform that the Kapil Chits agent is troubling me by not giving me my chit amount on time. I wanted to inform that I have kept my registration of plot under hold and was asking for chit amount since almost 8 months and every month, the agent gives some reasons and the chit ends now in the next 3 months and still he says the chit has been auctioned with higher competition. How is it possible when there are only other 3 members as my competitors .

Very irresposible agents and Management
Am really worried if I will get my money or not

1.Mr. K. Satyanarayana, ex-BM, took cash
from us and gave us Ch. receipts by
giving his cheques, which were stalled
subsequently. This amount tuned to two
Laks to me. Brought to the notice of the
MD-sri Varaprasad and RM- sri Vasu, no
response. Stop PF, Gratuity etc. to solve
Our losses.
2.since march, 2018 ( more than one year)
Chit payments on different chits of me
were not paid tuned to 11 lacks, by
saying something(cock and bull
stories).
Its causing us metal agony, depression
and physical ailments such as BP,
SUGAR, Suicidal feelings.
Prayed, begged, requested up to MD
also. But not invain.
Matter must be taken seriously and
solve our problems immediately.
Customer care phones and cell phones not responding to the calls

1.Mr. K. Satyanarayana, ex-BM, took cash
from us and gave us Ch. receipts by
giving his cheques, which were stalled
subsequently. This amount tuned to two
Laks to me. Brought to the notice of the
MD-sri Varaprasad and RM- sri Vasu, no
response. Stop PF, Gratuity etc. to solve
Our losses.
2.since march, 2018 ( more than one year)
Chit payments on different chits of me
were not paid tuned to 11 lacks, by
saying something(cock and bull
stories).
Its causing us metal agony, depression
and physical ailments such as BP,
SUGAR, Suicidal feelings.
Prayed, begged, requested up to MD
also. But not invain.
Matter must be taken seriously and
solve our problems immediately.

Customer care phones, cell phones not
responding to our calls.