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Kapil Chit Funds Complaints & Reviews

www.kapilchits.com
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Updated: Mar 6, 2025
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Bad 😕 It seems that Kapil Chit Funds has not focused enough on responding to their consumers’ feedback. Because of this, many concerns and issues remain unaddressed, making customers feel ignored and dissatisfied with their experiences.
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Not Paying my chit amount 1000000 last three months

Kapil Chit Funds reviews & complaints page 32

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S
Sarathreddy.n@gmail.com
from Bengaluru, Karnataka
May 27, 2019
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auctioned chits pending fart04p-14 & fart14j-45

Address: Opp Yadava Function Hall, Main Road, Andhra Bank Colony, Ram Nagar, Anantapur, Andhra Pradesh 515002, Anantapur, Andhra Pradesh, 515001

We have auctioned chit for our daughter's marriage in october 2018 for the 10 lacs & 5 lacs chit and submitted all the required doc's and 3 govt officials surity. Kapil chits has promised that they will pay in 2-3 months. Its been 7 months and yet they have not paid the full amount. The managers and offices doesn't respond and they started saying "do what you want".

Kindly help.
[protected]...
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A
Abhishek Agarwal
from Mumbai, Maharashtra
May 23, 2019
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interest on fd & charges being levied by

Address: Hyderabad, Andhra Pradesh, 500048

I am abhishek kumar agarwal from hyderabad having 3 chits for my company in the kapil chits funds hyderabad private limited - sangareddy branch - ii detals given below

Chit details
Srv creations - fsgt02r–13
Srv creations - fsgt08p–20
Lavish creations - fsgt02r–14

2 chits of srv creations i have lifted and 3 chit for lavish creation also i have lifted and and have made the fixed deposit...
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D
DVSPrasunamba
from Hyderabad, Telangana
May 22, 2019
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delay in returning chit amount 9lakhs

Address: LB Nagar, Hyderabad, Andhra Pradesh, 500013

I dvs prasunamba, aged 66, resident of ramanthapur (Hyderabad), am a subscriber of the following chits from kapil chits, lb nagar/nagole branch

Chit 1:
Series - fklbs07j-24
Value: 5 lakhs
Period: 25 months
End date: 2019

Chit 2: investment chit
Series - fklbs09j-8
Value: 5 lakhs
Period: 25 months
Lifted in the month of feb/mar 2019

Though...
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S
Sidsri
from Delhi, Delhi
May 18, 2019
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regarding instalments receipts

Hello, my name is siddartha maintaining 5lakshs chit in your toopran branch. I have paid all the instalments till date but you people are sending notice to surity people, when i enquired about it toopran branch people used my amount and they didn't made payment of mine officially from january to till date. They are not responding to calls, from last 4 months i didn't receive any receipts. If it's not cleared in one day i will take legal action...
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A
Alishetty Padma
from Mumbai, Maharashtra
May 15, 2019
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delay in payment of chit amount by your tupran br

Address: Tupran

I alishetty padma maintaining a chit of rs 5.00 lakhs at your tupran branch. The details are here under
Group code ticket no ftpt08j-21
Pso no 198 /2015
I was supposed to receive the amount of rs 4.00 lakhs after deducting your branch commission and holding seven installments amount of rs 70000 on 06th march 2019.
Till date i did not receive the amount. The branch head mr b arvind reddy and st aff are not responding...
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N
Neelagopal
from Hyderabad, Telangana
May 14, 2019
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chit amount was not given, taking too much time more than a year

Address: Stone house pet Nellore, Nellore, Andhra Pradesh, 524002

My chit was completed on november month2018, but chit amount was not given till now, saying tomorrow and day after tomorrow, staff was not responding properly, manger was so irresponsible and executives are also not responding to calls. Behaving rudely, i'm last customer of the chit, all chit members were withdrawn their amount but my account was not settled, previous chit interest amount also not given till now. Please take necessary steps...
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V
Vaddepelli Ramesh
from Attingal, Kerala
May 11, 2019
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non payment of prize money even after submission of sureties

Address: Karimnagar, Andhra Pradesh, 505301

Dear sir,
I took subscription in chit no FSSRT01J-25 in november 2018. It is a vacant one. I paid all previous dues and got prize in the subsequent month. I submitted all necessary sureties in jan 2019 but till now i dint recieve prized money. Even, till now nobody came for verification of sureties. The branch manager, (Mr. swamy, Sircilla2 branch) is very irresponsible. He always says tomorrow when i call him. normally, i dint attend...
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M
manidharas
from Vuyyuru, Andhra Pradesh
May 10, 2019
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non receipt of amount of rs 1.25 lakhs pertaining to bond not issued

Address: Kapil Chit funds at Gudivada, Krishna, Andhra Pradesh

This is n. Manidhar.. My mother has been told that she will be given 3 bonds (Bvm energy & residency pvt ltd)@ rs 1.25 lakhs each for the chit amount related to fgut13j-31auctioned in the month of may, 2018 from kapil chit funds, gudivada branch. But only 2 bonds are given in the month of february. As the 3rd bond details are not sent to central office at hyderabad, the branch manager has been requested to return the amount of rs 1.25 lakhs....
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M
manidharas
from Vuyyuru, Andhra Pradesh
May 10, 2019
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non payment of bid amount by kapil chit funds gudivada branch

-my mother smt neelam vijaya bharathi is having chit no fguto2h-34 for rs 3, 00, 000/-at gudivada branch of krishna dt. The maturity period is completed in the month of november, 2018 and she was not been given the amount so far. Though cheque was sent from zonal office to pay the amount to my mother (As informed in the zonal office).. The concerned branch manager has failed to do so till now. It is requested several times to both branch...
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S
S rajeswari
from Mumbai, Maharashtra
May 10, 2019
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I didn't receive my chit amount till december 2018

Address: Near Punjab national bank tyagaraju nagar rajahmundry, 533103

I have chit in kapil chits rajahmundry branch for rs 500000/- i was submitted all required documents in december 2018 but i didn't receive my bid amount till know. Branch manager was very irresponsible person. He didn't have minimum concern about customers. And the regional manager also didn't respond. I don't know how to recover my amount. Kapil chits was cheating customers...
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P
prkguptha
from Hyderabad, Telangana
May 2, 2019
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kapil chit harassment

Address: LB Nagar, Rangareddy, Andhra Pradesh, 500074

This is in regards to the chit # fkltt06p-16 in the name of vanaparthy nagesh was promised to give the lifted chit amount in the month of march basis on which i have prepared my son college fees.
I have provided all the requested documents however, the agent at lb nagar branch anil at lb nagar branch ([protected]) is making us go round and round and till date we did not get any amount.
So many people told about this harassment...
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V
vanamala sai keerthan
from Mumbai, Maharashtra
May 1, 2019
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regarding payment of instalments

Address: Kapil chit funds , jeedimetla, Hyderabad, Telangana

Dear sir/ madam,
This is to inform that your customer (Mr. V. Joginath)- customer jeedimetla branch with 500000 chit, had met with an accident on 19 th of march 2019 and is currently not in a state to pay the instalment of remaining said 50000 rs, as of now. But once he recovers (In a couple of months) we assure u that he will make the payment and close the chit. Hope u will consider it.
Please do not proceed for legal procedure...
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A
Aoact
from Mumbai, Maharashtra
May 1, 2019
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my chit which was picked in january 2019

Address: 4/209, Gooty, Anantapur, Andhra Pradesh, 515402

Hi
1. I have picked my 30000 rs chit in january till not i did not got payment i have spoke to manager, asst manager all others i hve went to my branch officer, regional office all are irresponsible i have took chit last auction not in between i have paid regularly even though they are playing with us

2. I have got another chit of 10000 till now same i did not got payment i have submitted all papers related
br...
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K
Krishnamanjula Manthena
from Hyderabad, Telangana
Apr 30, 2019
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not paying chit amount after bidding

Address: 35-5-120, 506009

We have taken bid on[protected] of chit no. Fwst11j49, for rs.500000/- from kapil chits, hanamkonda, dist: warangal urban, telangana state. So far the amount is not credited to me though i have submitted all documents after bidding the chit, submitting bank details. The manager, mr. Sagar of kapil chits branch hanamkonda, has visited me and told that due to non payments from other subscribers in march-2019, it is delayed and will be paid...
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H
Hariprasad Jajula
Apr 30, 2019
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delay for payment

Address: Nellore, Nellore, Andhra Pradesh

Hi Team,
I’m not happy to make complaint against you, but you people are not bothering anything about Customer’s.I have bond in your nellore Kosta branch-1, Certificate number.PA/KIA-NEL/L64/2016 which already matured[protected] but still not paid money.
Iam asking and reminding to Branch Manager Mr.Murali, Financial Manager Mr.Kumaraswami And Zonal Head Mr.Srinivas but no use they always saying something.This is not first...
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R
Rachana Pyshetty
from Hyderabad, Telangana
Apr 30, 2019
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irresponsible agents

Dear Sir/ Madam,

Am a member of Kapil Chits Pvt Ltd and I would like to inform that the Kapil Chits agent is troubling me by not giving me my chit amount on time. I wanted to inform that I have kept my registration of plot under hold and was asking for chit amount since almost 8 months and every month, the agent gives some reasons and the chit ends now in the next 3 months and still he says the chit has been auctioned with...
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B
B V Nagaraju
from Bengaluru, Karnataka
Apr 25, 2019
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fraud and non payment of chit amounts since march 2018

1.Mr. K. Satyanarayana, ex-BM, took cash
from us and gave us Ch. receipts by
giving his cheques, which were stalled
subsequently. This amount tuned to two
Laks to me. Brought to the notice of the
MD-sri Varaprasad and RM- sri Vasu, no
response. Stop PF, Gratuity etc. to solve
Our losses.
2.since march, 2018 ( more than one year)
Chit payments on different chits of me
were...
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B
B V Nagaraju
from Bengaluru, Karnataka
Apr 25, 2019
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tiruvuru branch- fraud by the ex-bm and non payments of chit amounts

Address: Krishna, Andhra Pradesh

1.Mr. K. Satyanarayana, ex-BM, took cash
from us and gave us Ch. receipts by
giving his cheques, which were stalled
subsequently. This amount tuned to two
Laks to me. Brought to the notice of the
MD-sri Varaprasad and RM- sri Vasu, no
response. Stop PF, Gratuity etc. to solve
Our losses.
2.since march, 2018 ( more than one year)
Chit payments on different chits of...
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M
Madineni Venkateswarlu
from Mumbai, Maharashtra
Apr 21, 2019
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amount not received

Address: Guntur, Andhra Pradesh

Sir i participated in auction in last year june. Even after 10 months i have not received amount. Because of my earlier commitments i borrowed from somewhere else, now i am paying every month interest on it. Even registered chit company takes this much time how can we survive. Please help me in this regard.
Name: madineni venkateswarlu
Kapil branch: macherla, guntur dt....
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A
avndbala
from Pune, Maharashtra
Apr 18, 2019
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non receipt of tds credit in 26as

Address: flat no.303, orchid block, krishnakunj gardens quthbullapur, Hyderabad, Andhra Pradesh, 500054

Dear sir / madam,

M/s ramya constructions limited which is the sister concern of kapil chits pvt limited has given me a bond for rs 3 lakhs along with an interest of rs 2.25 lakhs vide certificate number lp/ram-dc/f17/2014. The bond was encashed during june 18. Against the interest amount of rs 2.25 lakhs an amount of rs 22500 has been deducted towards tds and till date you have not credited the said tds in my 26as. Hence...
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