Kapil Chit Funds Complaints & Reviews

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

Hi team

We hold chit from jagtial branch and not received my payment from july 2018. Auction date was july 2018. Its been more than 5 months waiting for money.

Everyday we are going to branch and asking manager abount the cheque he says no money and will give on some other day. I dont understand while you are running out money. Its very shame on your company by seeing these many bad reviews.

Kindly someone check and take necessary action in receiving cheque.

Dear sir,
My chit auction was august 2018. Manager (Kishanbabu) promised me, chit amount should be paid within 45days. But he crossed the promise. Manager did not answer my calls and not proper replys. Nobody answered at the branch. Finally i got the cheque dated 31 dec2018. But the cheque bounced as a reason is insufficient funds. They are cheat me

Sir
This is k. Venu from rajanna siricilla district i have a chit in siricilla 1 branch.
I have not received my payment still today
The auction date is 30th september
The manager named swamy gave me a cheque but it was not passed due to lake of money i. E the cheque was bounced. One of my friends adviced to file a cheque bounce case against company but i can't. Being a government employee and responsible citizen nowwhat can i do.
Nearly i met the manager, agents and the office responsibles 20 times but there is no response.
Every day when i call the manager he tells me that there is no money in the account of kapil group.
I never saw such a irresponsible manager in kapil group named swamy.
I hope this helps me to receive my cheque

Sir, we are holding a chit no. Fht11g-31 opened with kapil chits at abids branch, hyderabad, running for 50 months with rs.4000/- per month, commencing from 03/2015.
At the time of opening the chit, the manager promised to arrange the payment within 7 days time from the date of auction, if no collateral security is involved.
In view o[censored]rgent need of the amount, we have participated in bidding on 30.11.2018 and won for the loss. We also complied the relative documentation on 11.12.2018. Since then, inspite of our continuous follow up and reminders, neither the manager nor the staff is responding to our request for payment of the chit amount. I am utterly disappointed since the purpose for auctioning the chit is not serving with the much delay tactics played by the company people. Under the circumstances, we are left with no option but to complaint for early payment of the chit amount.

Regards,

Dhanamjaya rao, husband of mrs p. Anuradha, chit holder.

Hi,

This is govardhan we are very valuable customers to the kapil chits and been with the same since 10 years but still we are very unhappy with the management regarding the amount of prized.

Don't know how managers and the agents were recruited through, all are illiterate and don't know the commonsense on how to approach the customers and behave.

We have lift the auctioned prized money of 5, 00, 00/ chit on sep 2018 of bid 38000/- in sr nagar, hyderabad branch under the control of dilip reddy (Branch manager) they promised us to pay the amount on end of october and now its been 3 months still they were keep on lie on payment and no clarity for themselves on amount when they will handover.

Expecting the positive response soon and management should have concentrate on lower leaders or managers for at least somehow better improvement on process.

Thanks,
Govardhan reddy
[protected]

My name is sankella srinivas i joined in your tadepalligudem branch w. G. Dist, a. P. By taken broken chit in february 2018. My chit no. Isftdlo2j-13. At the time of joining chit balance was 1, 53, 824, and i am paying regularly every month monthly installments with out standing amount. By september 2018, iam coming to regular without any outstanding amount, but i was received a notice in this month that is iam pending some amount, iam asking your collection agent, but he is not respond properly. Iam talking with your manager and he was said that the pending amount was broken chit charges, but at the time of joining i have no explained about that charges. Iam a valuable customer to your company, but your staff cheated me, iam very disppoint. I request you to please solve my problem, unless i will complaint to the registrar of chits. Thank you. Sankella srinivas [protected] (Health extension officer), tadepalligudem, w. G. Dist, a. P.

It has been more than 4 months i have not received the amount for the chit that was prized. No one from the branch or the regional office is bothered about this when notified. However, when it comes to diverting the funds to some other investment plans within the same organisation they does it within a week's time. Staff are not willing to take ownership. It is waste of investing time and money.

Worst chitfunds. Please do not invest here

Kapil chit funds is nothing but be*rs. They borrow money from customers but they never provide withdrawal cheque’s on time. All illiterate people work in that office. They don’t even know the calculations.

It is all mixed drama as to delay in providing money to customers.

I really suggest them to sit on temple steps to earn money instead of sitting in that worst office and cheating customers.

I will provide them the bowl and suggest the temple place to sit and borrow money.

I personally faced lot of problem with their action and response to provide me the cheque. After all after 10 months when i stepped into their office they provided cheque with more more arguments.

I really wanted to scold them using all the bad words and curse them. Not only my side from every one they will get cursed and at last the situation comes to take out the kapil chit funds.

So my humble request not to invest in kapil chit funds.

Kapil chit funds is like be*rs company.

Good evening sir. I am meer liyaqatullah hussaini customer of your company from narayanpet dist mahabubnagar. Sir i left my chit in september 2018 i have taken 200000 but remaining 80000 still not given. I humbly request u give my remaining amount. I contact narayanpet branch but they r not respond to me and branch manager also not respond. My cell no:[protected]

Sir, i am g. Rambabu, one of the bidders in your company having chit in chirala branch, prakasam dist. Of a. P.. I am regular customer of kapil chits from dec / 2014 i placed a request for bid amount of rs.1, 00, 000 on 28/09/18 and submit the all documents for fl closing on next day and waiting for amount to receive. The branch manager was promised for 28th october because this is 45th bid out of 50bids. Since 1st october he said the amount will credit in 2 or 3 days. Till no cheque has been issued and not credited to my account.. For last three weeks branch staff neither responding nor giving reply.. It's a very bad experience.. Never expected such kind of experience... Pls help me...

I have lifted my chit in september 2018, my branch is nuzvid, this is 5 lakh chit, when i lifted this chit they said that we will half amount in 20 days, and remaining amount within one month, now manager is not answering to my call, manager name is sultan, even i have complained to rm, rm name is sateesh, after complained to rm, rm is also not answering to my calls, i sent my relatives to the branch always they are saying something else, my chit number is fndt05j-32.

To date:28.11.2018
Director / manager
Kapil chit (Karnataka) pvt ltd
Bangalore

Sub: delay in prized amount of rs 50, 0000 / chit group no. Kdt01j

I am bhojaraja c y, staying in # 495, 16th cross chokkasandra, t dasarahalli branch, bangalore.
I am regular customer of kapil chits from dec 2015, i have completed one lack chit amount for the group kss08f-2f. Further on completion, i joined for two more newly formed chit groups for an amount of rs 1 lakh (Kdt14f-8) and 5 lakh (Kdt01j-16) recently on 28 jun 18, i participated in 5 lack chit bid and i prized for rs. 3, 95, 000, after that i asked for sureties required from my end, manager mr. Chandru has told me to give two government sureties and one private guaranteer for surety, thereafter, on 22nd aug, i handed over the all the necessary documents two government employees & one private employee documents as required. Also handed over salary slip, signatures and other details as required to m/s kapil chit manager at t dasarahalli branch. After that manager chandru confirmed to me that all documents are correct, and he will get the approval within a week. After 10 days (03 sep 18), i called him regarding prize amount he told all documents are accepted at main branch and they are sending approval from main branch, after a week, on further enquiry, it was informed that sureties verification not done and it may be done within 3-4 days, after that every day i keep on calling he told that everything approved and cheque is under preparation and you will received by november 10, till today i have not received the cheque, and further mr chandru, intimated that some manager from bellary is bringing cheque personally along with him. Like this they have kept changing the dates. Again. Last week we are told that there is document issue, and further we need some more liquidate surety and the document since the same is not approved from md side, now, they are providing a new story that my payments were delayed for 10 days in 2 -3 chits out of 24 chits. As far i know, i paid all chits in time. Manager hanumathulu (Earlier) manager) has confirmed that only two sureties are required for prize amount. Its more that 3 months, that i have not received the amount, and i need this amount for some other purpose. I am requesting you kindly release my amount without any further delay.

Thanks and regards

Bhojaraja c y
Mob:[protected]

In bhongir branch kapil chitfund (Neaer to area hospital), as i am chit member, at the time of participation in chit bid, if i ask chit offer if ask they were not showing offer form and raising words on me, we dont have any rights to show the offer form to chit member, as they wish making enteries into minutes books.

If they shown also signature not validating with documents. Even if i ask also manager is not showing the minutes book, as the wish basis they were running the chitfund, even the registar is also not existing in bhongir, if i ask the details of nalgonda registar address they were not telling..

Dont know any form or else these type of problems will reach out to registar and will take care of those things.. It my humbel request to all of them, dont participation of chits with kapil, paying gst + chit registration charges and document charges +all put to gether leaving bank recaring deposit will get more benfits.

One more thing, when we lift the chit we have to give the security to rest of the amounts, where as the number of installments if we pays who is gurentee, if they company lifts governamnt cases will take years.. Unnesasary risks we are going to take care.