[Resolved]  Kapil Chit Funds — Bid Auction Payment delay

I am on of the Chit member of your Kpail's chit family. we have participated the auction and lifted. Please find the below details for the same.

Branch : PARGIGI
Group Code : KHP02T12J
Auction Month : 17
Chit Value : 5, 00, 000/-
Discount : 1, 28, 800/-
Bid Amount : 3, 71, 200/-

Running Auction Month: 20

Also we have submitted all the required documents. Please find the below list.

Three Govrnmnet sureties
Bank statement of the member
Aadhar cards
PAN card

After 30-40 days they came back and ask us to provide Salary slips and Three blank cheque's and we have submitted the same within 8 days. Still we have not received the cheque as we have crossed more than 90 days (when you count from first step document submissions) and 25+ days (when you count from second step document submission).

As it's taking more time, I just want to know from the higher authorities of the KPIL CHITS company as to whether any time frame was fixed for payment the monthly subscriptions on time without delay. As per the law there is time frame for this type of chits. So far i paid the monthly subscription amount on time washout delay. So, let me know how long i have to wait to get my bid amount. Where is the lapse ... is it on the part of the branch people.. or on the part of organization. Do some thing before people loose their trust over the Company and reach out to consumer forum.

Please look in to this and relove the issue ASAP.
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Jan 5, 2022
Complaint marked as Resolved 
Kapil Chit Funds customer support has been notified about the posted complaint.
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    Kapil Chit Funds Phone
    +91 40 2306 6699
    +91 40 2306 0229
    Kapil Chit Funds Address
    House No 3-6-9/10, 1st Floor, Above Corporation Bank, Vivekananda Nagar Colony, Kukatpally, Hyderabad, Andhra Pradesh, India - 500072
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