Kapil Chit Funds — Chit amount delayed for long

Address: Hyderabad, Andhra Pradesh, 500032

Website: www.kapilchits.com

I am a member of FCHT04P-3 group in Chirala branch. I was awarded chit in december, 2016 but my documentation is not even sent to higher branch for approval till mid July. The branch people come up with excuses like manager has changed in home branch and then agm has changed due to which we are not able to process. I have submitted all the documents requestrd by ghe manager but every time after all the documentation is completr they come up with new requirements and try to delay giving money. I think this is cheap trick played by kapil chits to not give money to its customers. 32 emis out of 50 is already over and i agreed to pay a cash security worth 1.5 lacs along with 4 other person securities.