Kapil Chit Funds Complaints & Reviews

Dear sir,
I have lifted the chit NO FGULO3H-40, on[protected] at Gudivada branch in vijayawada. . I submitted all necessary documents on 20th february. but till now the cheque is not received. I want the status of my documents.. The verification officer Mr. Durga rao behaviour is not correct. Always telling some stories when we make a call to him. The manager and suresh told me that money will give on end of march, 2017. But till now there is no responce.I am not belive their promices.We lost belief on this company. . If you are not able... P SWARNA LATHA CELL NO.[protected]

I am a chit holder with name m.Bharathi in kapil kosta of kavali branch having chit no: "FKVT02P-41".My chit has value of 10lakhs with 50 months period which ended in january, 2017 but till now the maturity amount was not paid. In spite of reminding so many times they disbursed 3, 00, 000 in 25th april. The remaing amount with interest for the delayed period has to be repaid within no time as the grace period is 1 month. Please make sure that the amount will be paid at the earliest. This kind of inconvenience for your customers will damage your goodwill which is not good for you too.

Dear Team i had been coustomerof kapil chits from past three yrs IHad paid all the EMI but kapil chits Executive is telling me that i had not paid one EMI But as per my pass book i had paid all my EMIs i fact i am asking the branch manager for the help but in vain i am requesting them pls give me the accountiable if i need to pay any amount i am willing to pay but the executive is not giving the correct picture about my statement as per my pass book i had paid all the kindly do the needful

Highly regretted for not responding to the complaint made. All vagabonds are engaged in the company for looting the sweat of its subscribers. Not at all reliable and trust worthy.
Every one from top to bottom is committed for their own commissions and not for the service of the customers. Customers are treated as the sponsorers for their luxurious expositions.

Cheat.. Cheat... Cheat and exploit the customers is the motto of the entire company.

Again me Basha Phatan i have very bad experience with the branch manager
i have lifted my one chit after providing required documents and securities they are bluffing me .. from the day beginning i am prompt payer every first or second day of the month i use to pay my chit amount but for my lifted my chit amount since last three months they are giving lot of pain. Every day they use to tell new stories . Some time check authorized person gone to USA once he come it will check will be ready .. i am just not satisfied with this answer .. they wont have any alternative person for this ? it the authorized person wont come back to India then Kapil chit will be going to wind up ? is this so silly answers .. Branch manager wont respond properly he will try to fire back on customers like he are doing some un wanted favor to customers .. I am very much fed-up with this organization.

Hi,
Iam V.Ravi, JLK 7 f, Anakapalli Branch, Visakhapatnam district.My chit completed (25 months) on Jan, 2017 and i did not auction to last month . But yet give me any cheque or Demnd draft . I am facing so many financial problems.
As continuous calling to Branch Manager he did not lift phon and he did not give any answer.
Pl look into this matter and resolve my issue.

Name: V.Ravi
Cell No:[protected]

Chit (4P, ticket no-28, M. Shailaja) lifted on 31/12/2016 and foreclosed the future instalments in branch-1 at HINDUPUR. But not received the cheque even after three and half months. The irresponsible manager keeps on postponing the payment. How long do I revolve around the office for my money. All my instalments are 100%regular. The manager himself admits it. But throws the blame on poor collections. My sincere advice to all the people is not to invest amount in this irresponsible company and become victims. The most humiliating chit company. Never trust it for its manipulated statistics published for publicity.

Hi
I lifted 2lakhs chit on 31st Jan 2017 for 183000 at kapil chit fund Ghatkesar branch .i have submitted all my proof on 20feb 2017 they promised that with 15days going issue DD but till now[protected] i didn't received any check or DD this is really unfavourable, i am in need of money for marriage..If they i won't arrange i have attempted for sucide to not loses self respect

I have paid all my premium amounts upto date and knocked in February 2017 but the payment is not received till now .this issue was brought to the concerned Branch Mangaer, Kottapet Guntur but there was no response.
I have to receive approximately 5.6 lakhs rupess from Kapil chits and they are keeping on asking me to wait for next month since February -2017.
So please arrange payment of bid amount in respect of S Siva Kumari
FGRT 03K 48, Kotapet branch, Guntur

Thanks & Regards
S.Siva Kumari
Ph:[protected]

Dear sir,
I have lifted the chit NO FVLO8G-13, on[protected] at bhavanipuram branch in vijayawada. Due to surety documents delay it is taken 2 months delay. I submitted all necessary documents on last month march. but till now the cheque is not received. I want the status of my documents.. The verification officer Mr. Naik behaviour is not correct. Always telling some stores when we make a call to him. The manager and naik tol d me that money will give on end of march, 2017. But till now there is no respoce.I am not belive their promices.We lost belief on this company. . If you are not able to give the bid amount., return back our money with interest.
Other wise I will take a legal action and go to media.
I can wait up to[protected]. After that we will go further proceedings.

Dear sir, i am ch. Vijaya from venkatagiri, i had applied a chit and i had made all the payments without any due and completed all the terms and it is machured. So i had participated in the auction which is laid on (27/oct/2016) with following chit no (Fshm03h-16), but the chit comes under the srikalahasthi branch, up to today i have not received the payment and i had visited the branch more than 50 times, but the behaviour of the branch manager is not at all good and he had told that nobody can do any thing u go ant complaint on me any where nobody will do anything, due to his un-diciplinary action we are now suffering allot, and request u to take necessary action and we had a great belief on the kapil chits, and now the branch manager has making this as unworthy of the chits, so please grant my money as soon as possible and i sincearly request to take the necessary action and make him to leave that post of branch manager

Hi,
I have lifted my chit no FJMT01F-44 in Dec'16 due to most need of money.
But Kapil Chits, Jammikunta -2 Branch not paying my chit amount even given surety of my 1 lakh deposit bond.
As continuous calling to Branch, they are finally saying that my documents are misplaced. Kapil Chits insisting very much.
Pl look into this matter and resolve my issue.

Name: S Sanjeeva Chary
Cell No: [protected]

Provided all the necessary documents of the sureties for this client number FTPT01P-13 at toopran branch, followed up with the Toopran manager continuously around 2 1/2 months, then finally received the chit amount. I paid the installments till 48th month without any delay, for 49 & 50th month, collection agent called me for installment, told him that I will pay the amount in 4 installments since I was paid the chit amount after 2 1/2 months, manager agreed for the same, collected the 10000rs, for the rest of amount 30000rs, I have not received any call either from branch manger or collection agent for 8 months, then I thought of that they waived of 30000rs for late payment of the chit.

Suddenly they called to me after 8 months for due amount 50000rs including late charges. During the 8 months, have not received any call or letter, and also no one has visited to my home regarding due.

They know my present address & native address very well. It is not fair to call after 8 months for due amount and I tried to convey the same thing to them, not listening and saying that legal notice will be sent to me for the amount of 85000rs.

The branch manager used to say that i should not have accepted the cheque when they delayed the amount for 2 1/2 months and he is expecting that i should have demanded the interest for the same period.

Please note, i was always ready to pay in installments of the last 2 months, paid one installment at that time only. I could sense that they are doing this intentionally and their object is to take more money from me. During auction also, they are favoring to their people closely associated with employees. After 30 months, i lifted the chit and got 6.75 lacks on 10 lacks, whereas other chit funds, for the same months, people will get 8 lacks.

Please help me out to address this issue.

Sir,

I ( Venkateswarlu Koruturu) Chit holder at Harinathapuram Branch at Nellore Location, Andhra pradesh My Chit Number was FNET51F - 25, I paid cash for payment due to December -2016, but your Collecting agent Mr Saleem Syed passed entry in Cheque payment, he presented his personal cheque but cheque was bounced, it meet Harinatha puram branch Manager i informed to total problem, at the same time he passed cash entry in Trim, but cheque bouncing charges of Rs 314/- still outstanding, every month they raised Penalty for out standing, i meet Harinatha puram branch Manager he was not taking any action to your collecting agen Mr Saleem Syed

Sir, my chit no. Fbtt02h-39, begumpet branch. I have lifted the chit auction date[protected] and sureties submitted on[protected]. As per your company norms i have submitted total 5 sureties= 3 govt sureties, 1 ltd company with saledeedcopy, 1 in govt college but tempervory and i have given 50, 000/- deduction in advance chit payment. But still i have not received bid payable chq. So, kindly acknowledge the same.

Dear sir my name is siramdasu dinesh babu iam a chit member of 2009 in vijayawada 1, 50000 chit value the date of 28/12/2009 is i take my chit at the same day the ammount 1, 40000 is one year fixed full amount in kapil chit ofter my health is very week colonisation idont mind that fixed matter so plese helpme its not my complaint my request how to fallow fiend my money

I have paid all my premium amounts upto date and knocked in December 2016 but the payment is not received till now .this issue was brought to the concerned Branch Mangaer, Kottapet Guntur but there was no response.
I have to receive approximately 5.6 lakhs rupess from Kapil chits and they are keeping on asking me to wait for next month since December-2016.
So please arrange payment of bid amount in respect of S Siva Kumari
FGRT 03K 46, Kotapet branch, Guntur

S.Sivakumari
Ph.[protected]
Guntur

Hi sir my name is B. VENUGOPAL REDDY
I have Chit in Suryapet Branch-2, Telangana with chit no : FNKT05H -22
I was lifted the chit on[protected]
but till now i was not receive the money.Almost 2 months gone.I go to the branch every day but manager and accounts officer not in office.
office staff says sirs go to the field what is this worst service from Kapil chits, We are payed money monthly in in-time, But After lifting the chit we are unable to get the money even after 2 months.How customers are looking to you.Immediately solve my problem..

Dear Sir,

We have a Chit that has matured in Dec-16 and documentation has been completed in the same month, but the amount has not been given till date while they are supposed to remit it immediately as there is no risk, due to chit period completion.
They are not even giving a timeline by when we can expect the payment, and instead becoming aggressive while we are requesting the payment.

The chit is at Nuzvid and is of Rs.15 Lakhs. The branch managers on the numbers dont even take calls most of the time Reddy[protected], Ranga Rao [protected]. Some even dont bother to tell their name[protected].
This guy in the accounts department just says do whatever you can[protected].

Sir, please help us get our hardearned money at the earliest.

Hi sir my name is K.Saddam Hussain
I have Chit in Nandyal Branch, Kurnool Dist, Andhra pradesh
my lift the chit My chit no : FNDS09F - 4
I am a last person
my chit action date is 27.12.2016
but till now a day i not receive the money
because his staff says monday to saturday.
example monday says saturday confirm payment
again saturday coming says monday confirm payment.
I go to the branch every day
but manager and accounts officer not in office.
office staff says sirs go to the field
until can't lift the phones in two persons
manager name is Uttam Kumar Reddy
and Accounts Officer name is Subbaiah
I tired a phone calls number of time.
how to receive my payment
i am very critical position now.