Kapil Chit Funds — Bid Auction Payment over delay -FKRT19P-6

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

Branch : KARIMNAGAR
Group Code : FKRT19P-6
bidding Month : 45
Chit Value : 10, 00, 000/-
Bid Amount : 9, 60, 000/-
Running action month - 49.

There is no pending documents to submit, everything thing is clear.
the reason they are mentioning is they are getting the collection amount.
The person/ agent -Sampath from karimnagar branch promising since march, every month he said he will be clearing my amount .

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.

We do chits to our needs to fulfill but here in Kapil chits they never pay in time, they take minimum 3 months, so it is useless chitfund comanay, they earning interest and doing rotation business in real estate with customers money/saving.

Please look in to this and relove the issue ASAP.
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