Kapil Chits - Delay in returning sum assured from auction of chit
Chintada Eakambaram filed complaint against Kapil Chits on Mar 31, 2019
I had subscribed to a chit from M/s Kapil Chits, Kassibugga, Srikakulam District, AP (Reg No FPLT-**J-*) for a sum assured of Rs *,**,*** (Rupees Five Lakh) in July **** with a commitment to pay a monthly EMI of Rs **,***. After diligently paying my monthly EMI's for ** months (amounting to Rs *,**,***), I decided to participate in the auction to receive my sum assured in May ****. Despite my submission of all relevant documents guaranteeing payment of remaining amount after receiving the sum assured, the firm M/s Kapil Chits has not released the payment till date (Mar ****). This has caused considerable financial and mental turbulence in my family. Tirupati Rao, the manager of the branch office has repeatedly giving lame excuses and buying more time. Our efforts to reach out to Mr G Narayana Rao, Regional Office Manager, Srikakulam also proved futile despite repeated requests. I strongly believe the firm is a fraud and harassing common citizens by luring them with high interest and thereafter defaulting on payment.
Thousands of customers like you have trusted Voxya to resolve their issues
I am very pleased with Voxya. They helped me resolve my issue without much hassle. Very impressed and satisfied.
- Preeti Anandan
My two years of blood & sweat got valued finally with Voxya. I got a full refund with no hustle after they received notice.
- Sachin A Rosario
Are you facing
similar issue?
File a Complaint today and let our
experts help you in taking
legal action and getting resolution.
Related Complaints
Teegala Punnam chander on Dec 18, 2024
Kapil Chits – Wrong Commitments Fraud Company Open
Given Wrong Commitments & not Accepting Surities even though we are given security deposits also.
Mallikarjunreddy on Jul 4, 2019
Kapil Chits – Complaint against kapil chit fund chaitanyapuri branchOpen
I am resident of Balapur (Hyderabad) subscriber of the following chits from Kapil Chits, LB Nagar/Chaitanya puri branch. Chit number is FKLTT**P* for ******* amount. It is ** months chit. I paid almost ** months amo...
B RAMA MURTHY on May 2, 2019
Kapil Chits – Bid amount not yet paidOpen
I am a subscriber of Kapil chits Kosta Pvt Ltd. MVP double road branch Vizag. My chit no FMVT **H - * Rs ******/-. My chit already over almost * months over. I visited so many times but not yet received my amount. ...
Naresh J on Apr 20, 2019
Kapil Chits – Chit amount not given by the companyOpen
The Chit got ended. But they didn't give the money from * months. Branch Guntur Chit details FGTS**F - **
Shaik Fareeda Banu on Feb 25, 2019
Kapil Chits – Fixed deposit not refundedOpen
I was made a fixed deposit of Rs****** on **.**.**** for one year. It was matured on **.**.****. But still not received matured amount of Rs ******.