Kapil Chit Funds Complaints & Reviews

I rajani has lifted the chit, chit no:ftrt22j
At thorrur, mahabubabad dist on[protected]. On[protected] the documentation in completed. When i approached to manager he told that cheque will be issued on 15-2-19, but he has not issued it to me till today as the company has issued the cheque on 19-2-19. He kept it and telling me that it will issue after one month.

I had prized my chit on may 2018, and i had submitted all the required securities & documents with in the month of prizing date, my chit no. Is fpbt06h-50. Now 9 months is over but still i am not getting my amount, the branch manager of parvatipuram-2 & his assistant talking rudely, so far the chit amount was not paid to me. Kapil chit fund is completely fraud & cheat the customers. Especially the branch manager of parvathipuram mr ramana & his assistant mr. Kailash always says the cock & bull stories. So kindly intervene & resolve my issue. Finally i says that don't believe the kapil chit fund, they are completely fraud & cheat.

Subject:- reg complaint against kapil chits and sunil (Branch manager) because of non remittance of lifted chit amount in 52 days and all illegal activities.
Sir, i aepuru ramanaiah, (Retd. Sub inspector). Have two 5 lacs chits i. E fklbt23j-42 on the name of my wife aepuru vani and chit fklbt26j-13 on my name in kapil chits, branch l. B nagar and branch manager is mr. Sunil.in october i informed sridhar reddy (Collection boy) to lift my chit on 29/10/18 when he came to my home for collection. He agreed and also informed to mr sunil. Intentionally he didn’t lifted my chit and no any intimation to me about that. Again i went to their branch on 29/11/18 to lift the chit but he was not permitted me to lift the chit. The same matter conveyed to parasharamulu, regional manager of kapil chits on the same day who is present at that time in the same branch. He shouted on mr sunil for his wrong procedures and mistakes. I lifted fklbt23j-42 chit on 29/12/18 for 438000/-. Even after having one more chit he asked me for surety. So i asked him to give the surety papers but he said that i will send within two days. He didn't send surety papers upto 20/01/19 and after several remainders finally he sent surety papers on 21/1/19. I submitted the surety of 4 members including me on 24/1/19. Verification of single person not done up to 10/2/19. He sent one person with blank surety documents i. E without filling the details in it on 11/2/19 for taking sureties. Even then one ci, si and head master done signatures on all the blank surety documents because of faith on me. I have produced 3 sureties other than me i. E total 4 sureties. He is asking 2 signed cheques with out date and without giving receipt. While joining chit he said that only three sureties are required to lift the chit. I said that i never give two signed cheques without date and without receipt. I became ready to give the cheques if they will give the receipt but he is not ready to give the receipt. He is not giving chit amount without cheque so i requested him to cancel / surrender my two chits and also to do the cancellation process as i don't want to continue in chits because of worst illegal procedures i. E asking signature on blank documents with out filling details and asking cheques with out receipt. I also sent a message and application through whatsapp to take necessary action to refund my deposited amount as i am surrendering two chits. No any action taken by him still today neither he is giving the lifted chit amount and nor cancelling my two chits and also refund of deposited amounts in two chits. They are asking 2 signed cheques without date and not ready to give receipt of cheques to me. Even after giving total 4 sureties why i have to give signed cheques without receipt. Manager sunil is asking the signature of sureties without filling surety documents i. E on all blank documents. I can produce witness of three people how he send the surety papers. Even after giving 3 sureties he is asking for signed bank cheques without date and refusing to give the receipt for cheques. So all the activities are illegal and since 45 days they are not giving my lifted chit amount nor cancelling my two chits. I am also attaching the application sent for cancellation of two chits.
Therefore it is requested that may kindly be taken stern legal action against mr. Sunil, branch manager and kapil chits to clear the chit amount and also for their illegal activities. This is not only the problem of me and but also the problem of most of the customers. I am looking forward for your early against these people to refund my two chit amounts.

Regards
Aepuru ramanaiah & aepuru vani

Whatsapp messages sent to mr. Sunil branch manager
[08:54, 2/6/2019] aepuru ramana:
What happened to amount nd when u will give the amount as i had plot registration pls do it today
[09:02, 2/6/2019] aepuru ramana:
Ninna kuda remind cheyamannaru chesanu ekkadi varaku vachindi process ee roju ayyetattu chudandi
[09:03, 2/6/2019] aepuru ramana:
Ninna kuda remind cheyamannaru chesanu ekkadi varaku vachindi process ee roju ayyetattu chudandi
[09:07, 2/6/2019] aepuru ramana:
Naa suryty anni govt employees vi aadhar. Employee id valla signatures anni iichanu naa surety iichanu malli nadi inkoka chit kuda vundi
[08:49, 2/7/2019] aepuru ramana:
Meeku chala sarlu call chesanu mee phone off ani vachindi.. Emayindi amt vishayam. Four msgs kuda pettanu reply ledu plot reg. Undi amt ventane ivvagalaru nenu 10/2/19 varaku wait chestanu lekapote vere action ki vellalsi vastundi. Oct nov padakunda chestaru ippudu padina taruvata ibbandi pedutunnaru repatiki 40 days ayipotayi meeru 30 to 40 days ani chepparu meeru enduku reply ivvatleda remind cheyamannaru msg pettanu
[20:07, 2/9/2019] aepuru ramana:
Sunil garu, madam verification kosam repu pampinchandi repu ame inti daggare untundi ellundi malli school ki velutundi
[20:22, 2/9/2019] aepuru ramana:
Working time lo vallu undaru anduke repu pampichandi. Meeru ninnane ayipotundi ani chepparu intavaraku cheyaledu monday etti paristitullo ayyetattu chudandi.
[20:28, 2/9/2019] aepuru ramana:
Naa dabbulu naaku avasaraniki ivvanappudu naaku chits valla emi prayojanam. Dabbulu ivvalekapote 2 chits close chestanu. Inni sarlu naku unna avasaram meeku cheppina meeru action emi cheyatledu.
Sunil garu,
One si and one ci and one head master sureties cheyinchi pampanu. Registration kavalsina plot chetinundi poyetattu undi. Anduke two days lo amt arrange cheyagalaru. Inka naku late cheyoddu plot potundi. Fast action cheyagalaru
You send the surety documents without filling details i. E blank surety forms for getting sureties. Even then one ci, si and head master done signature on all of your blank surety documents because of faith on me. I have produced 3 sureties other than me i. E total 4 sureties why i have to give 2 signed cheques with out receipt. Can you give me a cheque or any document without receipt. I never give two signed cheque without date and without receipt. While joining chit you said that only three sureties are required to lift the chit. Now you are playing other drama. I[censored] are not ready to give the chit amount without cheque so i want to cancel/ surrender my two chits. Do the cancellation process i don't want to continue with your chits because of worst illegal procedures i. E asking signature on blank documents with out filling details and asking cheques with out receipt. Finally i decided to cancel two chits. Take necessary action to refund my deposited amount as i am surrendering two chits. Option-1 refund the amount of lifted chit without cheque. Option-2 cancel two chits and refund my deposited two chits amount.

Whatsapp messages sent to regional manager
[20:43, 2/4/2019] aepuru ramana:
Hi sir
This is ramanaiah sub inspector and i met with u in sunil branch on 29/11/18. I have two 5 lacs chits in ur branch. Fklbt26j-13 and fklbt23j-42. I lifted fklbt23j-42 chit on 29/12/18 for 438000/-. Even after having one more chit he asked me for surety. So i asked him to give the surety papers but he said that i will send within two days. He didn't send surety papers upto 20/01/19 and after several remainders finally surety papers sent on 21/1/19. I submitted the surety of 4 members including me on 24/1/19. Still today no verification done and now he is saying that it will take 1 month. As per your rule payment should be within 30-40 days i am in an urgency of money for plot registration. This registration is pending since october because of sunil not lifted my chit in oct and nov. Already i explained to you in this regard on that day. I am a sincere payee of your chit amounts in the same month. When i call him for several times he will put my call on hold or he never lifts and always he speaks irresponsibly as you saw on that day. If i had one more chit why surety is required. He is creating problems since oct-18. I am sending this matter to resolve the problem. I hope that surely i will get proper solution from you for this problem. He is enforcing me to take any legal action with his attitude. If i don't get any solution and money upto 10/02/19 i am decided to take up the case with my dig and will file a case against sunil. I am not a beggar to request him everyday even after depositing my money in kapil chits. He is completely useless, irresponsible and unfair manager. Is it correct way to deal with the sincere customer. Customer relation is very important in this field. Expecting a early reply from you.
Regards
A ramanaiah
Sub inspector

[09:02, 2/7/2019] aepuru ramana:
Sir i sent two msgs reg the problem of chit amt but no reply from u. Pls instruct sunil to remit the amt as i had plot registration. If my amt is not useful to my needs what is the use to kept them in kapil savings. I will wait upto 10/2/19 nd i will go for legal action nd also i withdraw two chits becos of worst customer relation. I sent five msgs to sunil he already read those msgs but didn't given any reply to them this is the attitude of him.
[09:03, 2/7/2019] aepuru ramana:
I am forwarding msgs sent to. Sunil
[09:03, 2/7/2019] aepuru ramana: as per request this is remainder for paying chit amt
Ramanaiah
Si
[09:03, 2/7/2019] aepuru ramana: as per request this is remainder msg for paying chit amt to me
Ramanaiah
Si
[09:03, 2/7/2019] aepuru ramana: what happened to amount nd when u will give the amount as i had plot registration pls do it today
[09:03, 2/7/2019] aepuru ramana: ninna kuda remind cheyamannaru chesanu ekkadi varaku vachindi process ee roju ayyetattu chudandi
[09:03, 2/7/2019] aepuru ramana: ninna kuda remind cheyamannaru chesanu ekkadi varaku vachindi process ee roju ayyetattu chudandi
[09:03, 2/7/2019] aepuru ramana: naa suryty anni govt employees vi aadhar. Employee id valla signatures anni iichanu naa surety iichanu malli nadi inkoka chit kuda vundi
[09:03, 2/7/2019] aepuru ramana: meeku chala sarlu call chesanu mee phone off ani vachindi.. Emayindi amt vishayam. Four msgs kuda pettanu reply ledu plot reg. Undi amt ventane ivvagalaru nenu 10/2/19 varaku wait chestanu lekapote vere action ki vellalsi vastundi. Oct nov padakunda chestaru ippudu padina taruvata ibbandi pedutunnaru repatiki 40 days ayipotayi meeru 30 to 40 days ani chepparu meeru enduku reply ivvatleda remind cheyamannaru msg pettanu
[09:08, 2/7/2019] aepuru ramana: as per the whatsapp status he saw my msgs yesterday at. 22:22 hrs but no reply.
[20:22, 2/9/2019] aepuru ramana:
Sir
Still today i didn't get my chit amount. 40 days over and also sureties submitted. Pls inform sunil to disburse the amount at least on monday as i had the plot registration.
You send the surety documents without filling details i. E blank surety forms for getting sureties. Even then one ci, si and head master done signature on all of your blank surety documents because of faith on me. I have produced 3 sureties other than me i. E total 4 sureties why i have to give 2 signed cheques with out receipt. Can you give me a cheque or any document without receipt. I never give two signed cheque without date and without receipt. While joining chit you said that only three sureties are required to lift the chit. Now you are playing other drama. I[censored] are not ready to give the chit amount without cheque so i want to cancel/ surrender my two chits. Do the cancellation process i don't want to continue with your chits because of worst illegal procedures i. E asking signature on blank documents with out filling details and asking cheques with out receipt. Finally i decided to cancel two chits. Take necessary action to refund my deposited amount as i am surrendering two chits. Option-1 refund the amount of lifted chit without cheque. Option-2 cancel two chits and refund my deposited two chits amount.

Sir,

I am J.Vinay, we have a Chits in the name of my mother JULLA LAXMI in cherial branch, chit no's FCRT15J-10, 20 and 26.
In month of Nov-2018 I had paid amount for Oct-2018. But your executive amount not deposited in FCRT15J-10 and one thing in the month Nov-2018 he collected amount 9370 but he has deposited only 8650. There no Manager in the branch, to whom I have to contact. Wrost Service by your staff, no one caring the issue. It is the way to to behave with customers, this is not fair. Take the issue as serious and clear at the earliest possible.

I have joined in kapil chits (Himayathnagar branch) hyderabad vide reference cited and on 12.1.2019 and i have decided to clear-off the balance chit amount to get noc. I have approached the kapil chits, himayathnagar branch executive and enquired about the balance amount to get noc. He enquired about the details of my due amount i. E., rs.1, 16, 000/- as full and final payment to get noc immediately. Basing on the suggestion of the executive, i have paid rs.1, 16, 000/- and received a general receipt on 12.1.2019. But till date no noc was issued even after completion of one month. Again i am enquired about the issue of noc, as per their legal branch advice i am due of rs.30, 600/-. I was shocked and why the executive is misguided me, i don’t understand. At this situation, i am helpless and i am not able to pay rs.30, 600/- which is not explained by the kapil chits executive. As i am hopefully cleared the total amount as per the suggestion of kapil chits company executive (Legal) to get noc. The same is placed for necessary action.

Dear sir
Greetings of the day

My self e. Srinivas reddy s/o e narsimha reddy.. I have given cheque to kapil chits cheque no : 432683 sbi bank... Cheque presented in karur vysya bank santhosh nagar branch
With out looking its was postdated cheque with the negligence of bank staff without even looking it was postdated cheque they have presented in sbi champapet branch they have charged me 590 rs of cheque return charges... Please cheque the details attached please find the attachments... I dont know how come they have presented.. How foolish things doing by kvb bank staff... Kvb santhosh nagar branch staff presented on 7-2-2019.. I have given for[protected] my cibil score will effect due to this.. I am so concerned about my cibil... Please look into this matter do need full asap

Waiting for ur reply

E srinivas reddy
9-6-129 road no 4 durga bhavani nagar
Champapet hyderabad -500059
Contact no : [protected],[protected]

I have subscribed chit in kapil chit kosta put ltd at mogalrajpuram branch. I am paying amount regularly. Kapik chits branch manger is not allowed me to auction the chit since i have precluded the chit and i requested for my chit amount. Even after 2 months of closing they not giving my amount which i have paid. Please solve my issue.

Shahina
[protected]

Dear sir/madam
This is s suresh from adoni kurnool dist andhra pradesh
Chit group no : fant45f-50
I am the member of the above mentioned group but it was closed september 2018. Since payment not done by the adoni branch kapil chit fund.
I sincerely so many times contact to adoni branch manager and staff but they are simply postpone month by month it is repeatedly by last four months, so please verify and do the needful...
Thanks and regards
S suresh
Adoni
Kurnool dist
Andhra pradesh -518301

I lifted chit no. Fhl09p-34 in september 2018 and completed all the documentation required. So far the chit amount was not paid to me.
As more than 4 months period was over from lifting the chit, i just
Want to know from the higher authorities of the 'kapil chits' company
As to whether any time frame was fixed for payment of the chit value
After auction. If so, kindly let me know. So far i paid the monthly
Subscriptions on time without any delay. So, let me know how long i
Have to wait to get my bid amount. The branch manager, abids and
Their staff is cooperative but unable to pay the amount till now. Where
Is the lapse... Is it on the part of the branch people... Or on the part of
Organisation. Do some thing before people loose their trust over the
Organisation. It is not at all good for you and affect the growth of your business.

With warm regards and soliciting your action at the earliest...

We have paid a chit for 5 lacs rupees in madikonda branch. It's has been 6 months that chit has completed. Even though they didn't pay our money back. They are blackmailing us that if we join the chit then only they will give the money. It has been 6 months we are going to office twice in a week. Is this the way kapil treats it's customers?
Please help me.

Our chit number: fdvt04p-45. We have lifted 10 lakhs chit at 8.5 in june-2018. Now it is january 28th 2019. Till now they haven't returned our money completely. The branch manager moulali (Dharmavaram), & regional manager suresh (Anantapur) are behaving very rudely when we are asking for our money. They keep postponing and never even care to give a date when they'd give back our money. We are yet to receive 3.5 lakhs plus six months interest on it. Why should we wait for such long time? It is very rude of them to neglect customers like this. Please resolve this issue. Never again, we would choose kapil chits.

Iam the subscriber in neredmet branch of chit no. Fnmt02g-09. I have lifted the chit on[protected]. As per company norms i am submitted the surites and also verification completed, as on day i have not received bid payable amount. On[protected] i have received a message current month due amount adjusted from bidpayable amount, but still iam not received bidpayable amount. So, give me reply regarding my bid payable amount. Or else i will take forther action.

I am m sreekanth one of your kapil chit fund member of dilshuknager and my group number is fds06j
Ticket number 22.
I have lifted the chit at seventh month and got the cheque after two month with multiple call and
Messages to the branch. I have call to hanumanthu branch manager he told that within two day i have
Called after two and again he told it will take three day, like that it went two month and the manager
Not lifted my call, i have called hundred and messaged so many times.
I have went to branch personally to meet manager, hanumanth rao told that amount is not there in bank
And he shown the cheque to me and saying in bank no amount, what is this the answer from branch
Manager, this is not my problem right i have told he said this is our polices, so silly answer given
Branch manager, i have told ok if we missed our commitment will you agree, he told why we will wait, we
Will not wait….. And i told so why should i wait and also you are holding my cheque and saying there is
No amount in bank? So he agreed that i’ll write the cheque data after fifteen days, so clearly told
That for me also three month will be delay, so he agreed for that and i have accepted the date after
Fifteen days.
The kapil chit fund member raju came to collect the amount, i told take for one month now and he
Straggly dined the told ill take two months only, if two month you will not give ill not take one
Month, so told, will you give me in writing like that will not take one month, so went without
Collecting the of one month chit amt, due to this it delay for three month and went to sureties to
Letter due to your kapil chit fund member……………..
When i asked to hanumanth rao for waiver, he was not lifting my call, and one time he picked and saying
This is not my problem you need to pay full amount, i have asked you told you will waive the banalities
And he strongly dined and gave me area sale manager madhu, i am following with them past four months
And the penalties are increasing, mr. Madhu told ill do something and he took two month and he blocked
My number.
This is your kapil chit fund organizing and giving wrong commitment to customer, while taking to
Hunumanth rao i have recorded with full proof that holding cheque and saying in bank there is no
Amount due to this im writing in cheque date after fifteen days, if you want ill send the recording.
When i have asked to asm madhu, with call different number that why you have blocked my number, he
Simply said why you are calling call to branch manager……
I have recording conversation with bank manager that in bank there is no money due to that we are requesting, ill give after ten days ………

When i am calling dilshuknager branch manager is not lifting my call, is this the way kapil group treating to customers, this so pathetic and its going every month and also increasing the amount every month

We are the Member of a Chit of KAPIL CHITS (HYDERABAD) PVT., LTD., at Abids branch, Hyderabad. The Chit value is Rs.2, 00, 000/- for a tenor of 50 Months, commencing from 03/15 with Monthly subscription of Rs.4000/- . I have been paying the Monthly installments regularly.

At the time of opening the Chit, I was told that the Chit amount, on winning the bid, will be paid to the prize winner within 7 days from the date of documentation, if no collateral security like immovable property or Guarantor is involved.

Accordingly, in view o[censored]rgent need of money, I have won the bidding at loss on 30.11.2018, after 45 months tenor is completed. And on my persuasion, you have completed the documentation for the purpose on 11.12.2018. At the time of documentation, I was informed that the amount for the balance installments will be adjusted from the total amount of the Chit payable to me so that No Collateral Security is required to provide. I agreed for the same. Since then, in spite of our continuous personal follow up, neither the Manager nor the Staff is responding to our request for payment of the Chit amount.
I am utterly disappointed since the purpose of auctioning the chit has been defeated, because of the Chit amount not being received till date, even after lapse of 45 days from the date of auctioning.

Thus, the Gross Failure in arranging payment of the Chit Amount till date by KAPIL CHITS amount to Cheating, breach of trust.

All the victims of KAPIL CHITS are hereby advised to come on a single platform and fight against the company. Who ever interested to share the common platform, please mail to [protected]@gamail.com. Let us decide the future course of action unitedly. There is no option but to proceed legally, besides bringing to the notice of the Registrar of Chits for necessary action.

Hi all,
*pls not to join kapil chit fund, i have faced soooooo many issues*
Please do not join kapil chit, before join they will give multipule commitments, once we join they will not pick the phones and they will block our numbers.
I am member of kapil chit fund i have joined after six month and paid with six month of installment.
Dilshuknager branch mr. Hanumanth rao, i have lifted the chit and they told they will give asap by one month, i am keep calling after a month and they are not picking my calls, i have waited and manager told within two day, i have call after two day and again they told three day, like this it went for two month and they started not lifing my call and i msged them, they are telling in the meeting. So i have personally went there branch manager to ask, they hold my check for fifteen day and they are telling that they do not have fund, i have recorded each and every conversation with manager, i told that is not my proble and manager telling that its kapil chit procedure, what the hell of this procedure keeping my check with them and telling funds are not there in bank, and one more thank the area sales manager also blocked my number and saying that contact to branch manager only why you are calling to me. This is the anwser i got from asm.

After lifting the 7th month chit i am getting the installment every month of full amount, you will laugh i got commission every month as ten rupees after. So ill request to every one plz plz plz do to join the kapil chit.
They will take gst and document charges as 10000 for 500000 chit amt..

I think kapil chits are in losses
I didnt get my chit amount even after six months. I have drawn my chit in ashok nagar branch. I have been calling branch continuously initially they were giving dates and now they stopped lifting phone. I have called and informed agm mr. Srinivas reddy. He has said that my cheque will be issued 3months back. Once called him and he was shouting on me regarding this issue. He was given his executive number for follow up mr. Mallesh nobody is keeping their promise they are just prolonging the time.

I didnt get my chit amount even after six months. I have drawn my chit in dilsukhnagar branch. I have been calling branch continuously initially they were giving dates and now they stopped lifting phone. I have called and informed the regional head madhusudhan reddy. He has said that my cheque will be issued today. Today he didn't lift the phone, he sent a message that he is in the meeting. Nobody is keeping their promise they are just prolonging the time.

I have lifted my chit in month of november and agent promised i will get cheque by dec 23, after which agent do not lift any of my calls and later i visited office and he gives me lame excuses that it got delayed because of holidays. Do they really wait if we delay the amount. Today is jan 14 and still i idid not got amount deposited or cheque received. I talked to shapurnagar branch manager and he promised jan 7 at any cost without fail. But today is 14 and he says you will get in next week. People need money at times o[censored]rgency and i am paying interest outside. Need help to solve this asap. Sunil

My chit numbers are fkkl09f-36, fkkl09f-37. Almost 70 days back i withdraw one by giving surity of other. Kapil guys moosapet branch are irresponsible, my house owner got the same problem and he went to kphb branch and got regional manager number. After contacting him he got the cheque... I withdraw my chit on oct 30th. Till now no response. Collection guys called me day and night anytime for collecting money. But they are not available now for providing an update. Please have a deep lookin on this moosapet branch and the management. They joined me 9 money completed chit and i paid the full money while withdrawing.

Thanks,
Ram

I m paying a 5l chit with kapil chit since 50 months. With this month chit is gonna complete 50 months and they has to release the money, now the manager is saying, they don't complete 5l to me as they are gonna deduct 5% as a commission which i haven't been notified while starting of the chit. Is that with every one? Or manager trying to cheat me?
Please help