Kapil Chit Funds — kapil chit fund pay order bounce from bank , since a month

Hi, '

January - we have decided to bid for amount.

April - got the chance to bid and it is done at the loss of rs 1l+ amount (A very well tricky game played by company)

May - took bid receipt after 2 weeks (Company delay)

@ it's time to submit sureties. Omg i will never ever want ti hear about sureties again

May — we submitted all sureties

@ now the patience test by company for getting our hard earned money into our hands
June — waiting for kapil cheques
July — waiting for kapil cheques
August — waited till middle of the month for cheques. Got them finally but realized that they are not cheques. They are post orders which can be converted into cheques in future dated (September).

@it's time to roam around bank

September — we have been going to bank but no balance in company's account so bank guys are not converting pay order to cheque.

September 4th: fortunately account balance is there, i gave pay order to bank but they rejected due to the lack of signature on pay order.

September 5th: signature doen on pay order after a lot of phone calls and struggles. But no money in companies account.

Now left with two choices :

1) wait till they deposit money

2) file a case with lawyer with the pay order return memo from bank.
Was this information helpful?
No (0)
Yes (0)
Kapil Chit Funds customer support has been notified about the posted complaint.
Complaint comments 

Post your Comment

    I want to submit Complaint Positive Review Neutral Comment
    code
    By clicking Submit you agree to our Terms of Use
    Submit
    Kapil Chit Funds
    customer care contact
    Customer satisfaction rating Customer satisfaction rating is a complex algorithm that helps our users determine how good a company is at responding and resolving complaints by granting from 1 to 5 stars for each complaint and then ultimately combining them all for an overall score.
    Read more
    6%
    Complaints
    1034
    Pending
    0
    Resolved
    57
    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