Kapil Chit Funds — Not paying chit prize money even after lapse of two months

Address:Plot no 49/b, Balajinagar, Mahbubnagar

Sir, I am the chit member of KHM09T04J-21 of 5 lakh chit in the branch of Bhageeratha Colony, Mahbubnagar. I sm paying the monthly installments within due time and lifted the chit in the month of September 2023 for my needs. After that I was submitted all surities with required documents in the next month immediately and asked about expected date of payment. The branch manager Sri. Ajay told that I receive the chit prize money by end of November or first week of December. I waited till first week of December and again enquired in 2nd week, Ajay replied that cheque has not been received from Head Office Hyderabad it may be paid before 20/12/2023 and also suggested me to contact Sri.Ramulu, AGM [protected] for any clarification. I was contacted to Sri AGM immediately he replied that what Ajay told is final, you may ask to him only. I am not expected such answers from him being AGM of Kapil Chits, he didn't understood the problems of chit members, simply escaping. Then again called to Sri.Ajay, told that you may receive amount by 20/12/2023 definitely. Then I promised to my agreements that I should pay the amount on 20/12/2023 which was also promised in the first week of December, but failedn first time to pay the amount. This time I requested them please give one opportunity to me then they agreed the time upto 20/12/23.
Further I was called yesterday to Ajay and also to AGM, they both not lifting my call, may be they know why I am calling. Then I am totally disappointed as a member and whom to I contacted. Finally I searched the contact numbers of Kapil in the website and called to [protected], [protected], [protected], they are simply telling to call to this number since the branch is not concerned to the Zonal Branch of Kukatpally, Habsiguda. Finally contacted to Shiva Kumar,[protected], he replied made conference call to Ajay ji and requested me to ask him. This is not expected with Zonal office, which could have solve my problem and has to give suitable direction to subordinate branch to make the payments intime.

By experiencing all above with Branch Managers Assistants, Zonal Offices of the Kapil Chits, I totally disappointed and my faith on Kapil Chits has gone. How I was trusted Kapil and how I was taken membership in three 5 lakhs chits.

In view of the of above and to recoup my faith on Kapil Chits I request Kapil Authorities to take immediate necessary steps to pay my chit prize amount by 20/12/2023 without fail to make successful to my agreements. Otherwise I have to option to pursue the matter, legally as per constitution.
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Kapil Chit Funds customer support has been notified about the posted complaint.
Dec 30, 2023
Updated by anjanacct009
It seems Kapil Chits deceiving public by not making payments to the chit members intime.
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    Kapil Chit Funds Address
    House No 3-6-9/10, 1st Floor, Above Corporation Bank, Vivekananda Nagar Colony, Kukatpally, Hyderabad, Andhra Pradesh, India - 500072
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