Kapil Chit Funds — chit amount not released even after 2 months of chit bidding even after many follow ups

Vishal Alladi

from Hyderabad, Telangana

Address:	Hyderabad, Andhra Pradesh, 500072
Website:	www.kapilchits.com

Hi team,

I have 3 chits with kapil chits and i have bidded for 2 chits 1 chit is 5 lakhs and other chit 2 lakhs, as i am in need of money to purchase a flat.
I have bid for 5 lakhs chit on 29th june 2017 and i have bid for 2 lakhs chit on 29 august 2017.

I have submitted all the needed documents for getting the amount on august 12 and given all 3 surity signatures and documents and on 28th august i have submitted all the 3 checks for surity and gave my signatures for further processing. But till now there is no response from kapil chits management and no one is following up on my case.

Even 2 lakhs chit i have already paid 22 installments out of 25 installments and i was told that the check will be issued by deducting remaining 3 installments but no response till date.

Please help me in getting my money as soon as possible. I can provide more details if needed on call or email.

Thanks,
A. Vishal,
[protected].

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Kapil Chit Funds customer support has been notified about the posted complaint.

Sep 01, 2017

Seenaiah Peduri's response 01sep2017

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Comments

Seenaiah Peduri

from Visakhapatnam, Andhra Pradesh

I p. Seenaiah nellore
My chit no fstt 23j-25
Stone housepet branch NELLORE
Chit auctioned may20017
All sureties already submitted 3months back but auctioned amount so far not reacheD. It is requested may please arrange auction amount at early date please

prabhu_bpr

from Bengaluru, Karnataka

Hi,

I am prabhakar reddy from Bangalore i have 3 chits in Jayanagar Bangalore branch out of that one chit KJM01F1-11 bidded on july 27th 2017 and submitted all documents necessary with signature.No suriteis required in my case as i have pledged another unprized chit rs. 5 lakhs chit. but so far no received payment and no response from Branch people. Please help me out i have to clear my credit card statement bill and also i have to pay dues of August and sept for that i am ready to pay if they come . due amount is very less amount i.e. Rs.70k as i have closed another chit of 3 lakhs.

Please help me out and tell your team to release my payment.

Thanks
prabhakar