Kapil Chit Funds — Complaint about Kapil chits Manager, Adoni Branch, Andhra pradesh

Address:ESI Dispensary,Kadapa-526002
Website:kapilchits.com

I am Dr. Md. Abdul Kaleem, working as Deputy civil surgeon in ESI Dispensary, Kadapa, Andhra Pradesh. I was working at Adoni, Kurnool district 2 years ago. I have been having a long relationship with your company. I have been having chits in your company for the last 12 years and am regularly paying installments without any pending issues.

5 years ago I joined in a chit for Rs. 5, 00, 000 in my wife's nameThe Chit No is : "FANT18J-30" . I lifted the chit in August 2021 for Rs.30, 000. Your manager Mr. Bheemeshwar Rao of Adoni Branch has assured me that a chit amount of Rs.4, 70, 000 will be paid to me within a month's time and got all the documents signed by my wife. They then said that they will deduct the remaining 8 installments amount (Rs.80, 000) from the chit amount so that they can release the amount fast for which we gave consent.

But unfortunately till today (after 4 months) we have not received the amount of Rs.3, 90, 000. Your manager Mr. Bheemeshwar Rao is not responding to my calls and whenever he lifts the phone, he is telling the same story that the amount will be released within a week. This story has been going on for the last 4 months.

Meanwhile I came to know that the Kapil chits Adoni branch manager has started another chit in my wife's name without our consent and without any agreement signed by us. Chit No: "KSEKAT12J-44" was started in wife's name. Further they even deducted 3 months installments (for new chit) from our chit amount without our consent.

This kind of irresponsible and fraudulent actions from your staff is very disheartening to regular customers like us. Previously also Mr. Bheemeshwar Rao has caused a lot of problems for me and took 3 months to release the maturity amount of our fixed deposit. I regret to say that your staff, especially your managers lack professionalism and they are feeling as if they are giving us their own money to the subscribers. This kind of delay in processing payments is bringing disgrace to your company.

Hence I request you to immediately release my chit amount of Rs.3, 90, 000 and cancel our subscription of new chit "KSEKAT12J-44" and reimburse the amount deducted for my new chit. I also request that necessary disciplinary action to be taken your Adoni Branch manager for his negligent behavior towards the subscribers
[protected][protected]-------
From:
Dr. Md.AbdulKaleem,
Deputy civil surgeon,
E.S.I. Dispensary,
Kadapa- 516002
Andhra pradesh
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