https://www.desidime.com/comments/permalink/10301024
Does your plan have any lock-in? OR is that a recent renewal?
Have you tried contacting Mobikwik Support?
Unable to Withdraw Interest Earned from Mobikwik Xtra
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Hello,
I am unable to withdraw the interest earned from mobikwik xtra p2p. The withdrawal request gets submitted, but after a few hours I get a mail that the withdrawal request was cancelled. Happened twice now.
Why is this happening and how and when can the withdrawal be made now?
Disclaimer
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Top Comments
https://www.desidime.com/comments/permalink/10301332
no lock in, had no problems withdrawing earlier. But have faced this issue in the last 8-10 days. Have mailed them, just got their reply to elaborate my concern. I thought it was perhaps due to the RBI involvement that is delaying the withdrawals?
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https://www.desidime.com/comments/permalink/10304691
I'm also facing same issue. Unable to withdraw from mobikwik xtra
https://www.desidime.com/comments/permalink/10304814
Ok, so you also are making a withdrawal request, which after a few hours results in "withdawal failed"? Which bank are you withdrawing to?
https://www.desidime.com/comments/permalink/10306340
I'm getting this error " Unable to accept withdrawal request due to system maintenance" since the last three days
https://www.desidime.com/comments/permalink/10308157
Yes, I just got the new app update. It is showing me the same error that you mentioned.
https://www.desidime.com/comments/permalink/10308212
Also having same problem shows Unable to accept withdrawal request due to system maintenance
https://www.desidime.com/comments/permalink/10308463
I am also having the same issue. What will be the reason..
https://www.desidime.com/comments/permalink/10309204
RBI has proposed a new framwork, maybe the withdrawals will start working again once P2P firms start adhering to it.
https://www.desidime.com/comments/permalink/10308465
Getting the same error, unable to accept withdrawals due to system maintenance.
I have also noticed that my daily interest amount has also reduced. Have you guys noticed the same?
https://www.desidime.com/comments/permalink/10311458
Yes same here 50k was reduced
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https://www.desidime.com/comments/permalink/10308476
Am facing the same issue as well. But Interests are being credited as usual. When contacted Customer care, they say all Xtra users are facing same issue and Team is working on it. Soon it will be rectified. Hope our investment is safe.
Please do post if you find the issue is rectified. Thanks.
https://www.desidime.com/comments/permalink/10309209
RBI has proposed a new framwork, maybe the withdrawals will start working again once P2P firms start adhering to it...
https://www.desidime.com/comments/permalink/10308513
I'm not getting any response from their end be it mail or phone call.
I am now getting worried.
What are the options do we have if something is fishy about it??
Anybody knows anything??
https://www.desidime.com/comments/permalink/10308683
I am facing the issue they said it will get resolved soon they do bot have any further info then this even i am worried i tried removing complete amount but it is saying exeed the daily limit i dont understand why they frooze the withdrawal amount
https://www.desidime.com/comments/permalink/10308934
I am also facing withdrawal issue
https://www.desidime.com/comments/permalink/10308956
I am getting same issue
https://www.desidime.com/comments/permalink/10309031
I'm also getting this error " Unable to accept withdrawal request due to system maintenance"
https://www.desidime.com/comments/permalink/10309429
I am also facing the same issue.Unable to withdraw.
What is the rbi now proposal for this p2p lending?
https://www.desidime.com/comments/permalink/10309538
Some of the lending platform such as liqui loans and lendenclub faced fine by Rbi for violating some rules due to which p2p has stopped thw withdrawal and deposit i think its a very serious issue and no clue when they will imply by the rbi models
https://www.desidime.com/comments/permalink/10310700
But Mobikwik is with lendbox
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https://www.desidime.com/comments/permalink/10309544
My Xtra investment matured on 1-9-24. I have already set the maturity instructions as transfer to bank a long time ago. But no reflection yet in my bank account….
https://www.desidime.com/comments/permalink/10309628
So wen can we get the update on this ... experts please guide and post updates
https://www.desidime.com/comments/permalink/10309653
I am also unable to withdraw any amount
https://www.desidime.com/comments/permalink/10309676
I was able to withdraw interest on 29-08
https://www.desidime.com/comments/permalink/10309872
The new RBI rules state that the transfer between the lender and the borrower should occur through escrow accounts. The maintenance error will pop up until the escrow accounts are not set up, i feel.
https://www.desidime.com/comments/permalink/10310158
I think we got an update but their is no option of withdrawal i think they will pay us monthly monthly divided by the total amount we just invested so suppose 50k then we should divide it by 12 and plus interest on it
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https://www.desidime.com/comments/permalink/10310086
I am also facing same issue when checked on 2nd sept now amount is showing locked also interface is changed there is no withdraw button at all.
https://www.desidime.com/comments/permalink/10310088
Withdrawl ka option hi hata diya
https://www.desidime.com/comments/permalink/10310160
The invested amount can be withdrawn right.?Only the interest has issue in withdrawal?.I have set withdraw to bank on maturity.
https://www.desidime.com/comments/permalink/10310261
The app shows
IMPORTANT INFO
Dear Xtra User,
As per RBI's updated NBFC-P2P master direction received on 16 Aug’24, Xtra has undergone some changes from the end of our NBFC-P2P partner, Lendbox:
Flexi & Plus discontinued
All existing Flexi & Plus plans have been discontinued & your deposited amount will reflect in a single plan. This deposited amount continues to be mapped to multiple loans.
Repayments
You will receive principal and interest, as repayments are made by the mapped borrowers. This amount will be available for withdrawal on the 12th of every month. You will be able to see the expected repayment schedule on the MobiKwik app.
New Investments
Fresh investments made after 16 August 2024 will be deployed as loans only after the borrowers are approved by you. You can review & approve the borrowers on the app. Please note, that the deposited funds will only accrue interest after you approve the borrowers
Please note, MobiKwik only acts as a channel partner for Lendbox and based on their requirements, the above changes have been implemented.
SO WE have to wait till sep 12
https://www.desidime.com/comments/permalink/10311310
Lend box is still offering flexi and fixed components.
Is mobikeik XTRA SPECIAL under RBI guidelines
https://www.desidime.com/comments/permalink/10310278
How can Mobikwik convert our flexi investment into fixed tenure without our consent? This is 100% Fraud by Mobikwik. Many of us need this hard-earned money now and can't wait for 1 year for emergencies. We invested for the sole reason in flexi as it provides option to withdraw any time. How can they change terms and conditions without our consent. This is illegal and RBI needs to take action against Mobikwik.
https://www.desidime.com/comments/permalink/10310629
exactly. why is nobody talking about this on social media. it's a massive scam.
View 9
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https://www.desidime.com/comments/permalink/10310298
12 September ko honge paise withdraw, vo bhi tab agar borrowers ne repayment kia to 😐
https://www.desidime.com/comments/permalink/10310840
That will happen in installments. And if a borrower denies, the loss will be ours only
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https://www.desidime.com/comments/permalink/10310871
This is so messed up. I need the money and was going to withdraw the entire amount as I just temporarily had to park it. Now I need to wait a whole year? Wtf.
Will the money be divided into 12 installments? Where did you guys get this information? Also what percentage interest are we going to get now? Is it 12, 13 or 14 percent?
View 3
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https://www.desidime.com/comments/permalink/10310888
Anyone knows phone number where we could contact ? Its useless to chat n get replies in days
https://www.desidime.com/comments/permalink/10311803
No benefit, the mobikwik customer care call never even goes through..disconnects right at the start.
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https://www.desidime.com/comments/permalink/10310928
What if mobikwik get bankrupt or declares liquidity ? is our invested money insured by RBI ?
https://www.desidime.com/comments/permalink/10310948
very Unlikely . they coming up with IPO. only conditions changed Lending and Repaying still going one . it is not going to be stopped. now returned % will not be guaranteed previous.
View 3
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How can Mobikwik convert our flexi investment into fixed tenure without our consent? This is 100% Fraud by Mobikwik. Many of us need this hard-earned money now and can't wait for 1 year for emergencies. We invested for the sole reason in flexi as it provides option to withdraw any time. How can they change terms and conditions without our consent. This is illegal and RBI needs to take action against Mobikwik.