Kapil Chit Funds — Unethical behaviour w.r.t due

Address:502334
Website:www.kapilchits.com

Provided all the necessary documents of the sureties for this client number FTPT01P-13 at toopran branch, followed up with the Toopran manager continuously around 2 1/2 months, then finally received the chit amount. I paid the installments till 48th month without any delay, for 49 & 50th month, collection agent called me for installment, told him that I will pay the amount in 4 installments since I was paid the chit amount after 2 1/2 months, manager agreed for the same, collected the 10000rs, for the rest of amount 30000rs, I have not received any call either from branch manger or collection agent for 8 months, then I thought of that they waived of 30000rs for late payment of the chit.

Suddenly they called to me after 8 months for due amount 50000rs including late charges. During the 8 months, have not received any call or letter, and also no one has visited to my home regarding due.

They know my present address & native address very well. It is not fair to call after 8 months for due amount and I tried to convey the same thing to them, not listening and saying that legal notice will be sent to me for the amount of 85000rs.

The branch manager used to say that i should not have accepted the cheque when they delayed the amount for 2 1/2 months and he is expecting that i should have demanded the interest for the same period.

Please note, i was always ready to pay in installments of the last 2 months, paid one installment at that time only. I could sense that they are doing this intentionally and their object is to take more money from me. During auction also, they are favoring to their people closely associated with employees. After 30 months, i lifted the chit and got 6.75 lacks on 10 lacks, whereas other chit funds, for the same months, people will get 8 lacks.

Please help me out to address this issue.
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Kapil Chit Funds customer support has been notified about the posted complaint.
Mar 22, 2017
Updated by narender_123
Chit is on narender Reddy
Mobile number is [protected]
Mar 24, 2017
Updated by narender_123
when my complaint will be addressed and how do i know my complaint being addressed?

Atleast acknowledgement has to be provided
Apr 01, 2017
Updated by narender_123
How do know that someone is looking at problem from Kapil chit side?.It has been more than a week.
Apr 17, 2017
Updated by narender_123
Can any give the update from Kapil side?
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    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
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