88+ Lawyers are online 
I want to withdraw my surity from Kapil chit funds
16-Jun-2025 (In Recovery Law)
How can I withdraw or replace my surity from Kapil chit funds. kindly please help
A chitfund is a type of Savings Scheme where a group of people pool there money and take turns receiving a lump sum. A surety is a person who guarantees the payment of another person's debt if you are looking to withdraw your surety from Kapil chit funds you can directly send a written application to Kapil Chit funds requesting the withdrawal of your surety . Contact Kapil chit funds agent to review the chit fund agreement to understand the terms and conditions for release to surety. Contact Kapil Chit fund customer care for specific procedure for release. If they refuse without valid reason you can contact a lawyer for better relief. Surety is legally Bound under the Indian Contract Act 1872. Once you become a surety you cannot withdraw on your own unless a new surety is accepted by them. Immediately talk to your subscriber and ask him to arrange a replacement surety quickly. If necessary consult a lawyer and issue a legal notice. If you have any refuses from Kapil chitfund or your subscriber directly send a legal notice to both of them.
Helpful?
Adv. Pavani Kumari
Guntur | 400+ Answers
Chat
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top Recovery lawyers for your specific legal issue
No Comments! Be the first one to comment.
- Loan default after 6 months loan amount used for marriage and gold buy
- i lost 21 laksh in a cyber crime fraud in stock trading, transfterred
- My wife DOD 15th sep 2025, car Loan Emi not goin to pay
- got evicted from p and was mentally harassedand no refund
- got evicted from p and was mentally harassedand no refund
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
