Kapil Chit Funds Complaints & Reviews

Dear sir/ madam,

As i b r hanumanthaiah had a chit of rs 500000/- in the branch of vijaynagar chit #bbl05j-7.

I have completed my chit in the month of june2017 but still know i am unable to get back my money of my chit so pls kindly look in the issue & kindly solve my problem as early as possible.

Waiting for ur responce

Thanking you
From
Hanumanthaiah br ([protected])

I am shantha kumari regular subscriber to the chit value of rs.2, 00, 000/- at mulugu branch, jayashanker bhupally district. I am the chit holder in the action held on 10.05.2017. I have received only 1, 53, 510 lakhs after 10 months. Kapil chit fund issued dd no "088070" till now i have not received balance amount. Contract to the kapil home branch extended to dd date but cant accept the bank & many time dd rejected to the bank i have made several phone calls to bm&ao and personally contacted the bm & ao. But no one has responded properly. It is very painful to say that the bm has not lifted my phone till today. I am regular subsriber to the kapil chits for the last 8 years. But i am feeling very unhappy. Please make payment of remaining... Please action this mulugu branch all costumers disappointed to him

I have 500000 chit in kapil chit vinayak nagar branch nizamabad. I lift the chit in open auction. And i submitted required documents. When they asked me about insurance i told them i am not interested. They also agreed to pay awarded amount without cutting insurance amount. But when i get awarded money, they deducted rs 2200 as a insurance for chit amount. I didn't signed any document related to insurance. They deducted rs2200 without my authentication. When i approach the branch officials they r not responding. So how can i get my rs 2200 back.

Sir my name is kagitha john nehemiah me from chirala i am closed my fl account in august 16th short term 25 months 1lakh chit but manager not given the cheque to me hope u understand my problem my fl closed cheque money 72, 000nd i need my money fraud complaint i will give to the police station 10 times i go to cheque purpose but manager is telling lies what should i do

I regret to inform that we never receive any information such as details of auction amount and profit earned by each member along with monthly chit amount what we have to pay. Several times, we requested ur branch authorities but no outcome cd be possible to derive positive result. Despite my phone number and mail address registered with ur br at visakha main. Chit no. Fdvt.4h/32.
I hope no such complaint will ever emerge from us forthwith.
Regards
K. Appanna setty

I am regular subscriber to the chit value of rs.5, 00, 000/- at kurnool road branch, ongole, prakasam district. My chit reference font15j-02. I am the chit holder in the auction held on 28.06.2017. I have received only 2 lakhs after 2 months. Till now i have not received balance amount. I have made several phone calls to rm, bm & am and personally contacted the bm & am. But no one has responded properly. It is very painful to say that the bm has not lifted my phone till today. I am regular subsriber to the kapil chits for the last 10 years. But i am feeling very unhappy. Please make payment of remaining amount early.

Ganesh yr
4:42 pm (17 minutes ago)

To www.kapilchits.
Dear sir, it is to intimate that i have paid rs6500/- on 27/09/2017 against the chit no. Fsklo5f -38 for 2 months due shown pending rs5033/-+1467=6500/-pd & asked for original recipet no response from your agent mr ravi & also contacted your dgm v. Reddy same reply both are from legal division why they are unable to provide original bill which is giving by other finance ie., margadarsi, hdfc, & bajajfinsrv etc.in your temporary receipt says that official receipt not received with in ten days contact branch office. I don't know whom to ask.in view of above kindly confirm the clearance of amount & issue the noc to following address. From chit member, yelugala raja ganesh, qtr. No.4005, odf, estate, yeddumailaram, sangareddy dust. - 502205 (Ts)


Con

Dear sir,
Why we are make chit, it will use for our needs. After completed chit also your branch people not responded branch manger and rsm also. They are not give proper response.
My mother had a chit in your chit fund company at gudiwada chit rgum1j-41 its completed on march 2017 now its september we are not received amount.
Even all customers are faced the same problem. If actuation completed also they are not pay the amount completely cheating custmores
Kindly respond the same matter as early as possible.

Sir recently i planned to start my savings in kapil chits one of the company person suggested me to take a 10lac plan and i agreed for that and paid an amount of rupees 20000/- to entered into that chit group but they didn't start this group for about three months then again i asked why you are making problem to customer then they suggest me to take an existing chit plan which is running 5 lac group then i compramised and taken to 2 chits in same group and i requested to them to transfer the money which i paid for 10 lac plan they said it makes some time but till now they're not responding and asking to pay with penalty rs 24300/- after this payment they're telling to release of my amount i lodged a complaint to customer care but nothing was happened no response suggest me what i need to do

I am v. Govindarajulu, advocate, kasimitta, narayanavaram, ctr. Dist. I am subscriber in your chit company bearing chit number'fsvt 03p'ticket number-21 at tirpathi branch, chittoor, 2nd floor thirumala, byepass road, korlagunta, tirupathi. I have praised on 28/6/2017. Very next week i have submitted all my documents. I. E 4 first class employees surity. Several demands made by me. After 2 months your company has verified the stories even till today your company had not paid my praised subscribed amount of 600000/ 1000000 even till today. I have visited no. Of times your office and rm also but they fraudlently, willfully cheated me knowing willfully. So please arrange as early as possible without fail in tirupathi office staff nobody are servicing to the subscribers.

My name is bobba annapurna and the prized bidder of fvwt04h/37 in july 2017 in vijayawada one town and all papers submitted on august 2017 with the surety of two members working as sr manager and chief manager in andhrabank and oriental bank of com they are my son and daughter and my daughter is having 3 chits valued 11 lacs which are not unbidden i am having 3 chits my complaint is your people is not paying the prized bid amount even after submitting papers one month back my daughter in law also having and it was also paid after 3 months. Your one town br is giving worst service and your manager is not lifting the phone and staff also not answering we want to withdraw all the chits immediately follow the time bound at least in the future pay our bid amount immediately. Yours faithfully b. Annapurna cell no [protected] hyd

(Fbs25f-19) of 1 lakh chit in kapil chits kosta pvt. Limited, machilipatnam branch, krishna, andhra pradesh and i have won the auction on 04-2017. During the verification i agreed for deduction of my future instalments (8x4000=32000/-) from my prized amount. I have not received the prized amount till today... Delay in giving chit amount
Behaviour of the staff of kapil chits... When customer giving complaints to head office the kapil chits no response is a worst chit fund company is cheating to people...

I buggineni sydulu, s/o kondaiah, sa (English) ups, manikyaram, yellandu mandal, bhadradri dist. Today i am signed on the verification form of bujangreddy for his 10 lack chit in khammam station road branch. I am already signed to b. Lakshmi, chit no. Fkhto8g-47 in such branch. I am already paid to rs.30200 touco bank khammam to ward's my housing loan. So please cancel my surety in khammam station road branch as early as possible. Thanking you.

I Velaga Venkata Subbamma aged 75 yrs has invested a sum of Rs. 8, 00, 000/- in Ramya Constructions on 01 Jul 2014 for a period of 4 yrs with drawing monthly interest of 9334/-. on 08 sep 17 a sum of Rs.934 has been deducted as TDS out of monthly interest with out prior intimation. neither your Vijayawada office bearers Mr. pavan [protected] and Mrs Radha [protected] are very much rude, reluctant and do not have sense &courtesy to deal the customer and not responding my calls. neither they advised us to submit Form 15 H nor any prior intimation. this poor aged lady does not have any other source of income. also she has submitted aadhar and pan card at the time of of investment.If required we are ready to submit Form 15 H. Request investigate matter and do justice to us.

Sir, my name is telidevara subbarao, living in ramachandrapuram. I started a chit value rs.5, 00, 000 (Rupees five lakhs) with kapil chits, ramachandrapuram branch, east godavari district, 533255 with chit no. Frcpt05j-30 and i paid all the installments in time and i waited till the last. The chit was closed in the month of may, 2017 but so far it is september, 2017 but i have not received my chit amount. They have taken my signatures on several papers and each and every time i ask them to pay my chit amount, they say some more signatures are wanted and they take the signatures and till today they have not paid my chit amount though i made several phone calls to them to pay me the chit amount. So i request to take action against the branch manager, kapil chits, ramachandrapuram branch, e. G. District and do justice to me.

I'm Veera from Germany,
Kapil Chit Funds services are completely fake, I took one chit from Gadwal (A.P.).
Chit Number : FGWT12J-2.
Picked chit on May 2017, even after completion of 3 months manager (Venkatramulu) is not responding. Always he texts like in meeting, will never pick calls if some asks regularly.

I'm planning to put a case against to your Chits as Cheating NRI's.

I hope Kapil Chit Funds guys are doing some finance without giving our money back.

Many people are roaming around Kapil Chit Funds for more than 8 months.

I hope this is going to be another cheating company to should down services after collecting funds.

Please help me to get my money, its 5, 00, 000/- chit.

Thanks.

Hi team,

I have 3 chits with kapil chits and i have bidded for 2 chits 1 chit is 5 lakhs and other chit 2 lakhs, as i am in need of money to purchase a flat.
I have bid for 5 lakhs chit on 29th june 2017 and i have bid for 2 lakhs chit on 29 august 2017.

I have submitted all the needed documents for getting the amount on august 12 and given all 3 surity signatures and documents and on 28th august i have submitted all the 3 checks for surity and gave my signatures for further processing. But till now there is no response from kapil chits management and no one is following up on my case.

Even 2 lakhs chit i have already paid 22 installments out of 25 installments and i was told that the check will be issued by deducting remaining 3 installments but no response till date.

Please help me in getting my money as soon as possible. I can provide more details if needed on call or email.

Thanks,
A. Vishal,
[protected].

I don't know whether anyone looks into these complaints. This is almost fifth time i am complaining about kapil chit funds for non payment. I have even mentioned the persons involved in big money laundering racket. So far i have not heard anything from company people. It's almost three years now. No one seems to take any responsibility. Pl look into it on priority. Each time i register a complaint i get e mail saying thank you for rising concerns and your complaint is forwarded to specific company and they will revert back shortly.
Tobe honest nothing seems to have changed and no one has contacted me sofar instead i keep calling them and they never answer my calls nowadays.

I have been complaining since three years. U can still see my complaints just in the complaint box. What worries me is neither the company representatives who are supposed to sought out online complaints have called me nor anyone from the company bothered to sought out the matter. It is a big fraud company which is involved in money laundering.
Mr dayanand so called incharge of company never pics my phone and never he has personally taken initiative in solving problem. Internal sources from the company employees say that he is also involved in many scams.
Big shame to all of you. All your deeds will be seriously dealt by unsatisfied customers.
Please respond to customers complaints on priority they are your bread winners.

Dear team,

Not sure this complaint box have weightage or not, however i am writing this after tired to reach above mentioned numbers.

This is regarding my chit (Co: fnkt03j-45) in kapil chit nandikotkur, i gave 10, 000 inr cheque to kapil executive against pending payables, it's been 3 months now amount deducted from my account and still kapil team is showing as dues. Despite many follow-ups and calls i am still seeing lack of responsibility even from branch manager. The current manager is giving a stupid answer like "have you given to me". I feel these are the standards of kapil and it happen's to every chit holder as i seen here.