Kapil Chit Funds Complaints & Reviews

Respected sir/madam,
I faced this issue in "kapil chit funds pvt. Ltd 12-4-2 mm complex,
531001, anakapalli, visakhapatanam, andhrapradesh"
This is kappiri someswara rao one of the customer at your kapil chit funds. I use to have very good relation with kapil chits since 2011. But unfortunately i lost my belief on it due to the issue that i'm facing now with kapil chits branch at my locality. I had a paid for 5, 00, 000 chit in 2013 and that is "fakt12j/6" and the issue that i am facing is that i have not received my amount from kapil chits because i got the auction. On 28th december 2017 i got the auction so i need to receive my money i know that to get the money it will at least take 45 days but until today i did not receive my money. I went to several times to the branch and i also contacted the manager of that branch but no one responded
An towards the issue. I lost my patience. So, i wrote this complaint and i am hoping that this issue is going to be solved. Otherwise i need to take some serious decision on the issue which may also effect the reputation of the company. Hope this problem is going to be solved. I faced this issue in "kapil chit funds pvt. Ltd 12-4-2 mm complex,
531001, anakapalli, visakhapatanam, andhrapradesh"
Thank you
My mail address is :- [protected]@tachediamonds.com, [protected]@gmail.com

Chit No GHWT11J-46 in the name of D Srinivasa Rao
Auctioned in the month of Dec 2107 So far amount not paid even after numerous calls telephone requests
The Branch manager Gajuwaka misleading by saying I will pay tomorrow today bank holiday I have not gone to bank, I am not in Office.
Also He has directed Rs. 119260 from earlier chit without my permission and opened 2 chits without any application
in this regard I have mail soo many times to the regional office to the email ID: [protected]@kapilchits.com. So far no reply received. Without my knowledge the have opened insurance and diverted some 7000 plus amount.
The branch manager pro missed me that he will cancel the chits and pay back the amount which were illegally transferred to new chits not in my name. So far nothing has been done. This company fraudulent using public money and not ready to pay back in stipulated time

It is bring to your kind notice that iam having a chit in your company and it bidded on 02 march 18 and branch manager praveen reddy marredpally branch assured me to give the cheque on 2nd april but he was failed and not responding to my phone call. This was taken to the notice of regional manager sampath reddy and he assured me at any cost he will handover cheque by 11th april 18 still now both are not responding to my phone calls and avoiding me to reply. So let me know what is happening in your chit company and one more thing i was deposited 3 lakhs as fd in decemeber 17 till now i havent received any bond or recepit for the fd. So, kind do the needful by paying in time the chit amounts instead of giving adverstisement in hmtv.

Thanking you,
N. Shasant
[protected]
Malkajgiri

Hi sir,

I have lifted kapil chit in kodad branch (Nalgonda dt) on 20th december 2017, its been near to 4months now, i have submitted all the sureties as well but the amount is not given. Several times i visited to the branch and tried to call the branch manager (Kushal reddy) regarding my amount. But they are telling me cock and bull stories. First of all he is not eligible to be a manager. Because he should have minimum responsibility towards the customers to pick up the calls. He will not pick up the calls and is trying to escape and abscond. The worst branch i have ever seen (Kodad branch kapil chit funds). Not only me many people are suffering due to this branch. Even today i called before raising a complaint here but still he is trying to escape putting the phone in hold or giving to other persons and telling he is in meeting. Please take an action on this kodad branch and see that i will receive the amount asap.

Please be aware of this kodad kapil chits branch. Never ever go to this branch.

My chit reference number : tkdt01j-22
Commencement - 10/01/2017
Chit value - 5, 00, 000
Period - 50 months
Chit auctioned date - 20th december 2017
Mobile: [protected]

Hi,

I have lifted the 10lakhs value chit in 34th (40) months and i was promised by the branch manager to provide the money in a week if i take a new chit with them. I have taken 2 more chits.. But it's been almost 45 days, but still they're not giving the money. I'm visiting the panjagutta branch almost daily for the last 10 days, but they're daily asking me to come next day to collect the cheque but not giving it.

Need a solution for this asap.

Sir, during lifting of chit amount the kapil chits, vikarabad people has obtained total 08 empty cheques for 02 chits, total payment was done chit was closed at about 01 year back, several times i have visited the kapil chit funds, vikarabad and asked for my cheques but they not responding properly. I requested to please immeditely return my empty cheques, if so not i am going to lodge a complaint against the branch manager, vikarabad. My name venu gopal. Cell no [protected].

Naa peru thadagonda harinath nenu karimnagar gandhi road branchlo 28/01/2018 rojuna chit lift chesanu enthavaraku naku chit payment evvaledhu last month nenu registrar chits. Lo complaint chesthanu ante manager 6/4/2018 rojuna payment esthamu annadu enthavaraku malli payment evvaledhu phonelo response ledhu naa chit no. Fct07g nenu chit payment kooda march varaku pay chesanu nenu repu police commissioner gariki mariyu registrar chits gariki forumlo complaint chesthunnanu
Thank you
T. Harinath
Advocate

Worst chit fund company is kapil chit fund pvt limited. They are not giving cheques for the lifted chits for about 6 months. There is no control by the upper authorities, the branch managers are behaving like cheaters and using abused language. They are taking the money from the company and using for their personal use. Some bm are revolving the money for interest. The management has no control at all for the branches. I think this company is also lifting the money from the people and puting ip. What is the need of a customer is not fulfilling from this company. Why the customer go for auction and lifting the chit? He has some problems which is to be cleared by this chit amount. After 6-8 months what will be the use of receiving the cheque. Kapil chit fund pvt limited management has look that the cheque is to be issued directly to the customer from the management or other higher authorities not by the bm. Why margadarsi pvt. Ltd. Is successful than the other chits, they make arrangement for giving the cheque to the customer after completion of all surities & other formalities and they are issuing cheque within 7 days. This is the reason that kapil chit is so far behind all the chit fund complanies. The customers are not happy with the service of their branch managers and staff. They are looking for the targets and not giving payment with in stipulated time.

Hi sir/madam,
This is k. Janardhanarao.
I am a kapil chit customer of 5lakh group in palasa branch, srikakulam dist, a. P. My chit id:fplt011j-46. I lifted my chit in the month of november, 2017 and completed all document procedure by last week of dec, 2017. Since then following up them for the amount but still today not received the amount.
They are automatically deducting chit amount for every month from lifted amount. But when i asked my cheque they told me that funds not available in the branch.
I have approached branch manager and regional manager, but no use.
Kindly request you sir, plz solve my problem as possible as early.

And stand and continuing reputation of your organisation.

Respected sir/madam,
This is bring to your kind notice again (I submitted complaint by hand at kushaiguda br. Mng.) complaint against shri. Laxmi narayana sum of rs. 18000/ not paid in the br. And shri. Kala prasad sum of rs.60000/ not paid in the branch representing from kapil chits, and matter submitted to manager a cause of above persons money was not credited to my chit ac. (No. Fkut15j-37) and notices were sent, which was up loading to you in following manner and paid receipts also accompany here with for your perusal. Therefore i am requesting you please do needful and regulate my chit as soon as possible at my next visit to your kushaiguda br.in between first week of april 2018.

Hi sir,

I joined in 5lac group of kapil chit fund, of westmared pally branch, secunderabad.

I lifted chit in month of nov 2017 and completed all documents procedure by 1st week februar.

Now i started following up them for amount but still today not received amout.

They are automatically deducting chit amount for every month from lifed amount but when ask for my cheque they told funds not available in branch.
I follow up branch manager, regional manager but no use.

Branch manager prabhakar[protected]
And
Regional manager sapath [protected].

Chit group is ftl10j-38

They are really showing hell to me for my life.
Please do the needful

Thanks
Ugender

Hi
I rajesh have chit in kapil chits on the name of my father are. Shakaraiah.
I been awarded the chit in bidding held on 20th january.
Since then i've asked for suriety of 2 govt and 2 private.
I've submitted the docs of the surieties along with my docs, that means i've submitted 5surietues.
Though i've submitted more docs than said now the kapil chits is asking for 3 yes form 16 of pvt. Employes.
But the corporate employee will never put all the 3yrs form 16 with them.
Even for the home loan and others people ask only one year form 16.
Don't know why this kapil chits wantedly screwing the happinesses of the customers.
Initially they beg for the chit and after the bidding they screw the happinesses.
I've submitted extra than said but no consideration.
Please look into this issues.

In tuni branch chitno ftut05h — 48 was prized amount have to be received 280000 in the month of november 2917. It
Was not received till date bm given written letter for payment date 15/12/2017. Letter attached with this complainant. Solve our problem as early as possible. Due to this problem operation was postponed. Rm sir madan is not taken any action and given wrong committments along with bm sir.

I am subscriber of kapil chitfund. Chit reference no. Is fbpt21j - 36, commencement date - 27/01/2014, chit value - rs.5, 00, 000/- monthly subscription - 10, 000/- period - 50 months. This chit is completed on 27/02/2018. Iam the last member to receive the amount. They did not paid total amount at once. But the chitfund company has paid an amount of rs. 2, 11, 319/- on 07/03/2018. They are doing delay to pay the remaining amount.

My chit fgts15f/3 have prized on 30/12/14 and given lic bond security chit has succesfully completed. My polocy no is[protected]. From more than two years of completion chilakaluripeta branch yet not submitted my lic bond. Manager were 2or more members transferred. Any person doesnot respond in chilakaluripeta kapilchits. They said they are unknown this matter.

Sir,
I have a subscription in your esteemed chit fund company in sri kalakashathi branch for the past 7 years. I have paid all the installments of subscription and the chit group has completed on november 2017. I have completed all the formalities for settlement claim of chit amount. I have been revolving around the office for months but in vain the amount is not settled to to me. My details are as follows:
Chit no:fsht12f-13
Amount: rs.2, 00000/-
Date of completion: nov:2017
Name : muni kumar irakam
I request you to make the settlement at an early date

Dear team, my name is b. Vaishnavi, working in govt. Sector, due to sum prblm i could not pay my chit amt, recovery agents o[censored]r chit fund company rudely behaving vth ladies n childrens and govt.org. Womens. They will cum in drink... To our home. N talking vth rude language. This is very inconvinience for me n every one of our neighbour is looking. Thanking you sir,

I, g. Venugopala rao, one of the kapil chits customer at palasa brach, srikakulam dist., a. P., have a chit of rs.2.5 lakhs (5g1 group). Regular payment made to this chit. Yesterday the collection agent, mr. Achari came and collected rs.4830/- for 27th installment. Today when auction was conducted, my authorised agent was rejected to enter into auction hall due to due of amount around rs.200/-. (Two hundred only). The chit company or agent does not intimate about this due at the time of chit amout collection and this amount was not mentioned in their due list also. This was not intimated by phone message also.in this manner i can't participate in this auction today.

So i request you to enquire about this matter and take necessary action as early as possible to the concerned.

Sir if you provide any complaint mail id then i will attach the letter and proof.
With false promise the manager made to enter in to the chit frcpt09j/09
Cheated me and made me face more financial problems. Finally delayed my fixed deposits for 6 months means i have to wait 6 more months extra to get my deposited amount. I wants my deposits in june18 & 19 itself not in dec2018 &19. He is not accepting me to release my chit amount even if i requested his for release on surities. Kindly do the needful
Thanking you sir/ madam

I, mr. S. Ravi sankar having chit et13f20. I was ps on 28-11-17. Till today i was not received my prize amount. Bm told today or tomorrow we will given. I was pay to tenali branch rupees 30000/- every month. If i was not. Receive the prize amount i was close my nps chits.

Rm not lift my phone. No. Of times i was tried. That's why i gave complaint. Pl take immediate action and gave my dd

This is for your information.

S. Ravisankar
Mobile no. [protected]