Mobikwik XTRA Interest Rate increased to 14%
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No, read full t&c . You will have to pay to arc also for recovery if your money is lost
Well since "P2P Flexi deposit schemes" are withdrawn because of RBI, now every P2P is increasing their Rate of Interest lol
Nice way to get more customers
but its not safe and reliable compared to FD
This all happened because of RBI recent intervention of that flexi scheme these P2P offered SEEMED VERY SAFE AND BETTER THAN CONVENTIONAL FD (bank's complained to RBI regarding this, as in reality these are not safer than FD), after RBI warning these P2P, all the P2P closed their Flexi schemes lol and now TRYING NEW WAY TO LURE PEOPLE BY INCREASED INTEREST RATE LOL
just dont invest too much in P2P platform, keep very minimal in P2P like this and invest more in more safer assests
is it reliable ?