| Address: | Guntur, Andhra Pradesh, 522508 | | Website: | kapil chits |
Sub: non receipt of bid amount even after 8 months - reg
I, t. Venkata ramanayya, am a member of kapil chits (Kosta) at kothapeta branch guntur. My group code and ticket no. Is fgrt02p-38, with a chit value of rs.10, 00, 000. (Rupees ten lakhs). I had bid for rs. 8, 90, 000 (Rupees eight lakhs and ninety thousands) in the month of february 2018. So far i was paid only rs.203700 (Rupees two lakhs three thousand and seven hundreds only) in the month of june 2018 instead of april 2018 and adjusted rs. 2, 80, 000 towards remaining premiums. Still an amount of rs. 4, 00, 000 is due to me even after eight months.
I was issued a cheque for rs.200000 dated 20/08/2018. Till to day i could not present the same in the bank due to requests from successive branch managers. I cannot wait any more as the validity of the cheque expires in another 10 days. It may be noted that the consequences of dishonouring the cheque is to be exclusively borne by you.
Had i not bid the chit at that time, currently i may get rs. 9, 50, 000.
I want to bring to your notice that i was put to lot of inconvenience and mental tension by delaying the payment till now. It is unbecoming of a reputed organisation like yours to resort this type of tactics in settling the individual accounts. Was this information helpful? | 
I Rama Prasanna having 5 lakh chit group of FMDT10J-39 in Madikonda branch in Kazipet. On july 29th 2018 successfully allotted the bid in favor of me. But till today I didnot received the chit amount. So, kindly give me the chit amount as early as possible.
Thanks,
RamaPrasanna