Kapil Chit Funds Complaints & Reviews

Be cautious of Vinod and Srikanth Reddy, the employees of Kapil Chit Fund's Ibrahimpatnam branch, as they engage in fraudulent activities. They lure individuals by falsely claiming to provide a sum of 50 thousand rupees if they participate in a 50 lakh rupee chit. However, they fail to honor their commitment and do not fulfill their promise of payment. It is important to exercise vigilance when dealing with these individuals. We are prepared to provide all the necessary evidence to support our claim.

I tried to withdraw some of my money, but it was useless. After filing complaints with no response, which made me check for (w w w .Glowbancircuit . tech ) and i was able to watch several testimonies and reviews which led me to the retrieval of my funds back. Beware of where you invest your funds.

Dear Sir/Madam,

This is Katipaga Umarani. I have two fixed deposits in kapil chit funds pvt ltd. at blanagar branch, Hyderabad, Telangana. The maturity date is 11th May 2023, but the amount is still not yet returned.

Request you to resolve my issue as soon as possible.

Katipaga Umarani

I was one of the last guarantors for a Chit (FKBL05J-21) of my friends family memeber in the year 2013. However after some time they have not paid the money, so they started the procedure of extracting the money from the 5 guarantors.

They came with a court order stating that the amount will be deducted from salary (being a Govt employee) or I need to pay and settle with the legal team. Since I dint want to get the remark., I went ahead and managed to gather funds to a tune of around 50, 000/- ( it was very tough for me in 2013) at the time and settled the matter with the legal team by paying an amount of Rs.50, 000/- as per their advise as final settlement for my share and gave a receipt and acknowledgement for my letter. They informed that iam a received from my case and further no other obligation will be there. After almost 8 years one of the Kapil chits employee comes to my office and repeats the same story that some amount is pending for the chit and I have to pay it.

When I approached them (kapil chits team) they simply say get this settled in court as i didnt get the NOC from them. When i asked they have to issue it. They simply said that we can't help. This is what happens in chits.

Just imagine such a bogus chit fund team extracting money from the customers by hook or crook.

This is the state of these so called cheat funds as they rightly say.

Iam running round the court rooms for the past 1 year. Pls help

For the past weeks, I have been trying to withdraw my money but it kept writing errors, I advise everyone not to put their money on this site and if you have your money stalked with you can as well reach out. If not for ( w w w. Glowban circuit .Tech ) i checked .. They were the ones who assisted me to get my funds back.

My amount not given till now

I, GOLAMARI PAPI REDDY, have a chit in Kapil chit fund of Narsampet branch in Warangal district of Telangana state bearing No. FNT26J-28. Two months back that is in March 2023 I have participated in auction and lifted the chit for ₹ 475000(four lakhs seventy five thousand). But the amount is not yet settled by the company even after I have submitted all needed documents with in a week time. So it's my kind request for doing justice as soon as possible.

Brother meeru avaraina money untey Bank lo veskondi kani
Kapil chit fund lo matram veyakandi nenu Ibramhimpatnam branch lo chit vesanu 100000 lakh di adi 8 months ki lift chesanu aa branch lo Pani chese vallaku davathalu kuda evvali
Edi ela undaga malli 500000 lakh chit vesanu adi 5 months varaku payment chesanu malli aa branch manager TULASIGARI VINOD malli thanuku aem teliyanattu sir meeru 500000 lakh chit payment chesthalelu...

Respected Sir Ramapally Kalahast R/o Khammam few lines for your kind considaration Sir

I was surety older, one your chit members Durisety Krishna chary S/o Janakiramaiah R/o Madhira he failed to pay chit amout and issued court attachemtn orders to my vide chit no FTVT01G33 Nuziveedu court EP NO 109/2023 and ACP NO 112/2020 mof Principal Junior Civil Judge at Vijayawada sir please clear the court attachment orders against my and send letter to Commissioner of Police, Khammam or to me

Hi.
I started paying money at Kapil Chit funds.
But due my job related issues i want to withdraw my number from group although after several reminders to close my chit available with Kapil they are denying it and facing some trouble some issues.
Till now i paid 80000 rs through instalments for kapil chits.
Kindly interviene on this resolve my query.

Mr. Jeevan Reddy, who is BM of Kapil chit khairatabad branch has not sharing NOC for my chit and using un parliament language which got deep hurt for me.

He sent collection agent everytime to collect money, now he is asking to come Branch to take NOC with using disrespect words and quotes.

They use to BEG for a new chit but now they are not bothered of client to share NOC

Dear Sir/madam,
I am son in law of Srinivas Mothukuru, he is the customer of Kapil Chits, Chit no:- KKT01T25J-19 in Thorrur branch, Mahabubabad district, Telangana State. He got the brain stoke and brain surgery was done on February 2021, still he is suffering for that (attached his photo). I am paying monthly chit amount behalf of him.

We lifted the chit on June 2022, but they told that this branch is unable to give the money, if we put advance then they will provide interest for the advance and chit will convert to online, again lift the chit according to your convince. So we put the amount 4, 05, 000/- to the advance, advance chit no :- KHAT35J-33.

Still 11 months completed, they are not providing interest, but we are paying regularly monthly chit amount. This interest amount will be help to him. Please solve this issue as soon as possible.

Thank you.

Dear sir/madam

As I am not able to provide government surety I request you to cancel my prized chit ticket number KSET12 G-45.I am trying to clear my issue through your staffs from few months but there are not showing any interest to clear this . please cancel this chit as soon as possible because I don't want to get into trouble in future because of this.
Thank you

We are your customer from Suchitra branch. We have made all the payments without any default, person named Praveen used to collect amount each month in cash and took the pass book for making the entries and didn't return the same and asking us to pay an amount which is due for a month. To resolve the issue we went to branch then the manager at the branch manager replied politely at the moment and asked us to pay the amount after getting resolved, but meanwhile they sent a legal notice so we called him regarding the same then the words of him are worst. Atleast unable to give a proper respect to the customer. Please do needful to assure that kapil chit funds value their customers

Hi, I am the member of kapil chit 3 lacs, and I have participated in bid and got bid payable amount:273, 500/- but after completion of verification, still not get amount. and no response from managers at Khairatabad branch. Jeevanreddy, pasha, and khadar these are the persons with no response when I tried to contact them. May I know when will be the amount credited to my account? and auction completed on feb 28th 2023, still work in progress. could you please do the needful help.
Branch: KPHP-CAO | Group code: KKPM13H.
Auction month:13
thank you

!Regards,

khaled Mohammad abdul
[protected]

Myself, Kadali Ramabhadram taken a bond in Kapil Chits Amalapuram branch on 04/04/2018. Bond certificate no. SAHRB/IDA-RJY/A8/2018. Bond maturity date is of 04/04/2021. But till today we didn't got any singe rupee from it. Even after n number of phone calls and branch visits, nothing has worked out. During branch visits most of the time branch manager will not be available. luckily if branch manager was available the answer is "shared to the Hyderabad branch manager, and waiting for there response". I am not sure whether they have proper documentation?

Please help me ou.

Kapil chit private ltd, parvatipuram, parvatipuram manyam dist.andhrapradesh state.

Hi - Trying to reach every one but couldn't hence i am writing here I am holding the chit FKNL01S-3 .

I am holding Kapil Chits for last ten years till date .

Due to Covid issue where i Couldn't pay the Instalment for four months but post that keep the existing amount due i was clearing the month on month payment regularly .

Couldn't pay the That Covid four months along with existing EMI because because It was beyond my salary .

But never stopped my payments baring that four months in covid for which you have charging Inerest @ 3% month on month .

Now Chit got over in Dec i believe and still i was maiking payment to compensate and clear by old 4 Months due .

In Feb'23 I paid Cash of Rs.30000 and since then i was asking for statement of balance because even though i made payment there is no reduction in the overall pending .

Approached your collection office near kukatpally insisting for statement but they are reluctant in providing the same infact threating to make the what ever payment they will ask . I have asked to share the whatsup but they said they cannot share even the whats up message not give any statement .

Everyday they are threating and doing rowdysim @ home .

I have already requested MR.Naveen Kumar ( Nizampet Employee who was coordinating for payment for last ten years . Asked him to share the statement and one time amount so that i will clear the same in max two to three months .

This is how you are treating the customer who was with you for a decade and kindly check my past transaction history .

When customer is ready to make payments where your guys are coming home and threating my family by shouting .

Once again i am requesting to not to show absorbent amount i owes you Rs.170000 which i am ready but at a tme it is not possible as i have to manage my house . I will pay in three payments and ready to clear your dues .

Please help

To
Narasimlu
Kapil Chits
Bodhan Branch.

This is to inform you that, I am one of the chit member in your organization and my Chit No is KKB03T32J-16 Name : Srikanth Kandikatla. Last month I have paid 3 months emi’s and your team collected 842/- as a penalty from me. Late penalty collected for 2 months.

My self done fixed deposit of 3 Lakhs in the year Nov-2019 in your organization and maturity date is
3rd Nov 2022. My self submitted original Bond to concern person before 1 week of maturity, and they have transferred my 3lakhs amount on 2nd Jan-2023. Which means almost delayed 60days.

For the amount of 10000/- you were charged of 1920/- . A per your condition I have paid the total charges.

I want penalty charges of my 300000/- as per your charges you have to pay 25260/- to me, When you Will pay the charges please check and do the need full.

Thanks & Regards.
Srikanth Kandikatla
Cell: [protected]
Chit No: KKB03T32J-16.

Hello team,

I paid 6 months of amount due to unable pay in covid time so I Want clear details about my chiti please do need full and I didn't get any support from zaheerabad branch i want my amount return back in priority