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Kapil Chits pvt ltd - RMK Plaza branch Kurnool - 518001

Andhra Pradesh

Consumer complaints and reviews about Kapil Chits pvt ltd - RMK Plaza branch Kurnool - 518001

Lingeswara Rao
Feb 22, 2018

Irregularities by Dhone branch manager mr Mahesh

FKRM01K-30 Dr lingeswara Rao (6 lakhs)
FKRM01K-29 Dr Suma Latha (6 lakhs)
I'm Dr Lingeswara Rao... Started paying for chit of 30 months along with my wife (12lakhs, 6 lakhs each) since October in Dhone branch... Mr Mahesh is the branch manager... We were not given the agreement paper... Being new to the chit funds I don't know that it can be paid anywhere... The branch manager used to send the collection boy and on payment, he gives a manual slip... When asked about the money transfer from bank he gave his personal andhra bank account number 011110100245901 and I started transferring the money every month. I asked him if there is any direct payment modality to Kapil chits... He said there is no such direct payment way and asked me to pay to his account so that he will pay to chits. Later we were getting messages stating we (I & my wife) were in due of 3months payment. We asked for original receipts on Kapil chits letterhead... he said "the printer is in repair.... System is not working... It closes by 4pm" were his answers... We asked about the messages... from that day onwards all messages have stopped coming to our cell phones... when asked about that it happened to all customers throughout the state... Upon repeated queries he gave the receipts which showed that the payments were done on the same day...
We went to the auction in November and lifted one chit for 5.6 lakhs... After the auction he asked us to sign a blank paper and a note saying that cheque is given to us... We were not given cheque for 3months... We repeated requests, he gave a post-dated cheque of 5.15 lakhs deducting 3500/- of service charges and the payment of the coming month also... When we went to bank they said money was not there in the chits account... Money was transferred after 20 days of actual date... I think Mr Mahesh has managed even in the bank... Otherwise why can't it become a cheque bounce....
I took all the receipts and what we together paid is 11.25 lakhs over a period of 2 1/2 years and Kapil chits got 60,000/- and we got 25,000/- (7500+17500) for both of us by the end... Even if the amount were in the bank account, we would be getting good interest on that...

Mr Mahesh is a fraudster and we regret that we choose Kapil chits... There is no proper supervision... I'm going to consumer forum with all the proofs
Feb 27, 2013

Illegal auctions by agents and companies employees

Respected Sir

Subject : This complaint is related to illegal action by agents and supported by employees.

i am by name sayeed ahmed one of the member in Kapil chits bearing chit group of FKRT08G - 3, i went to chit for participating in action and shown my pass book and they have taken signature in the minutes book, in the other had i found 3 agents are came and they have given a approximately one of each 5 to 6 members list without having any subscribers authorization form and the foreman have consider all the agents list, without verifying subscribers autorization and the payment pattren.

when i asked for the foreman for shown me the subscriber authorised letter he strightly rejected to shown me the authorization by saying may be the subscribers have given to the agents. simultaniously not taken the signatures in the chit minutes book.

here the agents and the companies employees are sharing the chits and lifting the chits to whome they are favour, and increasing the business for dividend.
Every agent get 10% commission on the business done, but in this case I went direct to the company without any agent help.
By seeing all these behaviour from the agents and staff i spoken with Mr.Mahesh Cell no.9848877291 who is AGM over there and i told these are the things happening in the chit action hall but he has not shown any interest and not taken any action on employees and agents.
I request you to take serious action on these type of chits companies.
Thanking you

Yours Truly

Sayeed ahmed

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