Kapil Chit Funds — chit amount not received since more than 6 months .. chit instalments are finished

Address:	Kurnool, Andhra Pradesh, 518301
Website:	sdf

I am Vinay Nakhate, s/o Sri Nakhate Sudhindra Rao native of ADONI town of ANDHRA PRADESH completed chit installments. Manager Bheemeshwar rao is not giving the complete money, He has done part payment of only 2.3 lakhs. Whts problem, is it with Manager or Kapil chitfund ? Resolve this asap whosever problem it is. How can manager pay only part amount ? If I am paying instalments to you, if I pay part amount will you accept ? I thought its reputed chitfund, but it looks like fraud chitfund company, cheating innnocent people who committed for something else like closisng personal LOAN, marriage etc. I thought, customers money, this manager is given outside for interest and he is enjoying that interest amount. As a kapil group, you have to examine what is going on with each of the branches of the chitfunds instead of cheating innocent customers.

Kindly resolve this issue as soon as possible.

I will escalate further to RBI(Andhra Pradesh) NBFC Division, if its not resolved immediately.

Manager is giving ### reasons, take serious action against him. How can you give only partial amount ? Check whats happening, when he deposited part amount, when chit completed, what is the balance he has to give ?

How many people are suffering like this, Once it s escalated to RBI, they will come and examine all customer accounts, and they will close the business itself. Be careful, If you dont take immediate action within 2 to 3 days, I will escalate to RBI NBFC division and give all the information to close the business.