Kapil Chit Funds Complaints & Reviews

Hi, recently I have given surity to one of my acquaintances for her fixed deposit account. Initially she required no surities for opening the account but after certain time she has been asked to submit 3 surities for maintainence of the account and if not money will not be returned, she managed 3 surities(one is mine), the agent is continuously asking for more payslips, identifications, more details into the surity's account which not required...

Respect sir

I laxman maloth Chitfund member of kapil chit singareni Branch of Kothagudem, Sir last 4 months back I have lifted bid but still now I didn't get any amount, So kindly processes my amount as early as fast.

Thanking you

I deposited an amount of 4, 50000 with Kapil chit funds and they are not returning my amount since 3 years

My name is ABHISHEK KANDUGATLA. I have paid my due amount of 18, 850/- in the Kapil chit funds app through paytm application, the transaction was successful and my money is debited from my bank to Kapil chit funds bank, but after the transaction the kapil is showing "Failed in confirming the payment. Please confirm with the branch".
Transaction time : 17 Feb, 2023, 09:47 AM
Transaction amount : 18, 850/-
Order id : MN815220_6B951181-DB1D-4FF4-812C-7AA82B8A093A

Refundable amount matured on[protected] but not initiated till now.

My father amount 1, 35, 000 not giving in amalaluram branch .always says check not come.please solve as soon as possible

Hi
If you want to leave a peaceful life DO NOT JOIN IN KAPIL CHITS
They will call you 100 times i[censored]r payment delay one day.
U should call 1000 times i[censored] lift. Hit, and they will not respond to you.
Better to go for bank RDs or post office schemes.
Its been 5 months they are not giving my money.
Biggest fraud in INDIA KAPIL CHITS
they r looting middleclass people money

Subject: Complaint against Kapil Chits

Hi,

I'm currently working with Kapil Chits and I've been having some issues with them. They have delayed 4 months of my KTC01T06J-17 lifted chit money, and I'm not sure what to do.

I'm wondering if you could help me out. If you have any information about this company, I would appreciate it if you could reach out.

Thanks so much for your time!

{Vinay kumar}

I am nalla Vijaya Laxmi w/o n. umapathireddy My ticket no is FKCT16J-26 Karimnagar collaborate branch 505001.
I was lifted the 43rd month of chit on Nov/2022 and completed document formalities on your side.
Still, I did not receive funds nobody responded to your official stuff.
I am not any month due and late payment.
So please request to you possible to complete my work

Dear Sir,

I am living in Australia. I have recently 3 months back lifted 10 lakhs chit. chit number is KKH02T25P-49. When I joined chit they said I no need to come India to complete formalities. they said I can sign and send forms from Australia. But after lifting the chit they are asking me to come to sign documents. after few arguments they agreed to give money if i send signed documents. my sister collected documents and sent to me for sign off. I too sent signed documents however now they are saying 25 more signatures are required on some other papers which was not mentioned earlier?. they says the Kapil employee who asked us to get my signature on one of the form doesn't know required all formalities. it appears like they are purposefully trying to drag it. it took one month time to send document from India to Australia and then Australia to India.

Thank You
Regards
Praveen Gopathi
[protected]@gmail.com

Sir/madam
I am Rangu Sandhya w/o T S Vinay Kumar. My ticket no is TSKTO 6J-7.
Singareni branch. Bhadradri kothagudem. 507101
I am lifted 40th month of chit on Aug/2022.and completed document formalties your side.
Still i not received fund nobody responded to your official stuff.
I am not any month due and late payment.
So please request to you as possible as to complete my work

For your faithful
Ranug Sandhya

Sir

chit number: FGDT18J-2

I visited Gudur branch many times for my final settlement.
I didn't get.

Resolve my issue at the earliest

I have completed my payment of RS30000/- on 9th November and the kapil clients were aying you didnt do the payment and u created fake payment and wantedly stopping the update of my payment but fine amount increased in my app but my paid amount not updated and the kapil clients are harassing me and torturing me and taking my personal things to the matter and wantedly going to the guarantees and torturing them and one of the client said to me that you should pay the amount only to me so I will go to the branch and give reciept to you I also said give me your branch account number he refused it seems they want incruements and as a lady the were using vulgar language on me

Respected Sir,
I K. Satish Chakravarthy, S/o K. Ashok Chakravarthy, Age :29 years, Occupation: Advocate, R/o 8-4-87/4/1, Uday Nagar Colony, Karmanghat, Hyderabad T.S.
I submit that, in the month of December 2020, an agent of kapil chits branch named Mr.B Rama krishna has contacted me and requested me to subscribe a chit in their company, thereafter I become a subscriber at the Kapil Chits Chamapet Brach, Hyderabad, from December 2020.
My chit group code ticket no: KHC01T03R-40, Chit value is Rs.1, 500, 000/- (Fifteen lakh rupees) with a monthly subscription of Rs.30, 000/-.
I further submit that the manager named Rama Krishna has induced me to participate in chit bidding and told me that I will get good money in the auction and my chit will be approved within 15 working days which will benefit me. Believing his words, I participated in the online bidding auction in the month of March 2022 to May 2022, where I was the bid winner in the auction in the month of May and Rs.9, 90, 000 was the money which I suppose to be paid by the chit fund company. Thereafter the branch manager issued me a form to be filled in by 3 sureties, who are preferably government officers and asked to submit their recent pay slips.
I submit that I has arranged for all the requirements of the said chit fund company, and I have submitted the sureties form by attaching 3 months pay slips of the concerned sureties by august 2022.
I submit that even after one month of my surety form submission to the manager, I did not get any response, then I has visited their office and when questioned them regarding the release of my money, I was shocked to as he replied that I was not eligible for participating in auction as the reason my bid auction and sureties form has been rejected by their head office, reason stating that my payments were irregular.
I submit that, I informed the manager that my payment were paid regularly most of the time and when ever there was delay I paid it with the penalty/late fees, and questioned him that if I was not eligible for the auction then why did he induced me to participate in auction from month of march 2022 until I succeeded in bidding in month of May 2022 on promise that my chit will be approved with in 15 working days and asked that why did he never informed me that I was not eligible and why did he allow me to participate, later why did he asked to submit 3 sureties, for which the manager could not give any explanation and requested me to give allow few days’ time so that he can talk to his seniors and approve my chit money.
I submit that I did not get any response from the manager, and he was also avoiding my phone calls. Then I again visited his office and enquired regarding my chit auction, he replied that it is in process and will take some more time.
I submit that thereafter till today I telephoned the manager, number of time where he kept on avoiding my phone calls, then I again visited his office along with my colleague Mr. Srikanth Yadav and questing him regarding the delay and I was shocked at his response where he said that It is not being approved and it will get approval only if I pay him Rs 1, 00, 000/- or else if I do not pay him the money which he has asked, he said that he will make sure that the chit auction will not get approved and will keep me waiting for long time.
I submit that, I told him that I am not going to pay him any money and asked him to cancel my auction and return the monthly chit instalment payments which was paid my me until May 2020 from January 2021, then he replied that it cannot be cancelled and threatened me that all the monthly installments which I paid till now will not returned and he will impose huge penalty if I would like to exit from the chit group.
Therefore, I submit that I have been cheated by the manager of Kapil chits Champapet branch that, he induced me knowing that I was not eligible for participation in Chit Auction, asked me to participate on false promise that I would get profits and I will be benefitted from it, and I further submit that he stated extorting and harassing me to pay 1, 00, 000/- one lakh and threatening me that if I do not pay the money, he will make me suffer financially and mentally.
I submit that believing the words of the manager in the month of March 2020, I made few financial commitments and with the delay and harassment caused by him, I has to incur huge loss and also suffering through mental agony.
Hence, I request the kind officer to take appropriate legal action against Mr. Rama Krishna, Branch Manager of Kapil Chits, Champapet Branch, according to the law.

I am Sravan Kumar subscriber of Chit No. KKK07S08F-6 has been prized 4 months ago and also the future months installments amount has also been deducted from prized amount. I have been trying to contact for the cheque but there has been no response. Not even informing the reason for delay. The Chit is from Korutla Branch(505326), Jagitial District in Telangana State. I have callled AGM of Kapil also and even dropped him messages, he hasnt even cared to answer. I am deeply disappointed with the service. Kindly, Help me with the payment.

Dear Sir/madam,
I Ramadevi ch subsribed by 1 lac chit( CHT num:FHT25F-4) on 28-Jan-2017 and had paid the premium of 48, 237. Due to financial reasons i couldnt able to pay few installments and Kapil chits had terminated my chit and sent me a letter on 14-Oct-2019. They had mentioned that they are deducting 5000 as chit commission and will repay remaining Rs: 42, 787 . Since then I am visiting Kapil chits Eluru office and there is no response from manager/regional manager/zonal office. No one picking up the calls and manager not found in office due to personal reasons.
Its been 2 years since i got letter from Kapil office that will pay me Ra: 42, 787.00

regards
Ramadevi
mobile number: [protected]

My dad took loan with kapil chitfund 3lakhs rupees to that he paid 2lakhs amount already, due to my dad sudden demise we unable to pay the rest of the amount 1 lakh. It's been three years now kapil chit fund people charging 4.90 lakhs ruppees to pay which is unable to we pay. Even they are torturing the people who put security on behalf of my dad they are ok to pay 1lakh but company torturing us to pay 4.90 lakh which we can't.

Kapil chit they are delaying the check very much due to which I am paying more interest from another bank and want compensation

I want to cancel my chits because all the comments have been failed of the person how has come by the time of investment that is why I want to cancel my 25lac chit in which i have paid 6months sum of amount 2, 89, 998.00 and my ID is kkpt07t-27 in himayatnagar branch through gajandera Reddy plz 🙏 do need ful and refund my amount

My self Thota Nikhil Kumar, Chit No. KHH01M25H-30, I have taken chit on Kapil chits, Habsiguda, Hyderabad branch. Till now 23 months completed, every time i have paid the chit amount in time only, but they're charging more charges upon me like late payments. Every time I have paid in time only. They were not cleared my payments their end. They're charged 3 months late fee total 954rs.

More than 10 times i have contacted to the manager but no use.