| Address: | Rangareddy, Andhra Pradesh, 501401 | | Website: | Against Kapil Group |
I am resident of medchal have joined as a member in Rs 5, 00, 000-00 chit in medchal Branch. As I got the bid, I got the amount in the form of cheque excluding some charges like verification charges Rs 1000/-, service tax Rs 2163/-, Health club bond Rs 2300/- and insurance for amount of 3500/- they ensured me that give the health bond after getting. After few days, I requested the manager, to issue the bond. He told he will send.
Kapil Chits fraudulently collecting money from bidder towards Health Club membership 2300/- and Insurance. 3500/-
They have also included one form in bidding form and taking the signature of customer without their concern.
Is that mandatory to take insurance and membership compulsory if you join chit group.(No other chit fund company is collecting except Kapil Chit fund Group
Now this is my 49th month till now i haven't got the bond or insurance document. The Manager says..its fault of old manager for not providing the insurance certificate.
I have requested new branch manager to adjust the amount which they have collected in advance and rest amount will be paid from my end
Medchal branch manager refuses to do that and warns to issue notice to guarantors and also says they will collect all illegal charges as per their wish and deduct the amount from guarantors.
Chit serial number : FMCT01J-21
NAME : Venkatesh
I request concerned chit fund regulating authority to esquire all biders about this fraud practice and take necessary action.
Regards
Venkatesh
Medchal
[protected] Was this information helpful? | 
Post your Comment