Kapil Chit Funds — Chit amount not issued and looted 35000 rs

Website: Kapil chit funds

I have joined Kapil chit funds group khyt03h-20 on 19Jan2022. It was a chit of Rs. 300000 for a period of 5 months. I was paying amount of Rs.[protected] regularly on monthly basis as it is recommended. Due to family needs I have lifted chit on 20Nov2023 and I was expected to received Rs. 2, 47000. However, chit agent intentionally failed to take signatures from the surety person and was not ready to approve the signatures provided by the others surety people. One of the surety persons involved in was a central government employee which was said to be the only surety signature required for taking the chit amount in the beginning of joining group I.e., on 19Jan2022. Instead of approving the chit amount, two agents of chit group had insisted me to cancel further chit amount by closing the chit and they suggested it as better option to receive the whole amount of rs. 1, 10000 which was paid by me till 20-Dec-2023. Hence, I requested for the cancellation of chit amount hoping to receive 1, 10000 rupees. After a week of request, to my surprise, I have received 74000 rupees only from Kapil chit funds, which means they have looted 35000 rs from me. When I contacted the agent there was no proper response from him. For a middle class person like me investing 5000 rs on a monthly basis from my salary is a huge thing. A loss of 35000 rs is also a big thing for a person like me. I just want to file a complaint against the agents and Kapil chit funds to get my money bank and to ensure that no one else gets affected by them. I would be very thankful to you, if you could help me.
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Kapil Chit Funds customer support has been notified about the posted complaint.
 
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They collect amount from customer and invest in other businesses.

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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
    View all Kapil Chit Funds contact information