Unable to Withdraw Interest Earned from Mobikwik Xtra

Does your plan have any lock-in? OR is that a recent renewal?

Have you tried contacting Mobikwik Support?

I'm also facing same issue. Unable to withdraw from mobikwik xtra

I'm getting this error " Unable to accept withdrawal request due to system maintenance" since the last three days 

Also having same problem shows Unable to accept withdrawal request due to system maintenance

I am also having the same issue. What will be the reason..

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?

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.

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??

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 

I am also facing withdrawal issue 

I am getting same issue 

I'm also getting this error " Unable to accept withdrawal request due to system maintenance"

I am also facing the same issue.Unable to withdraw.

What is the rbi now proposal for this p2p lending?

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

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….

So wen can we get the update on this ... experts please guide and post updates

I am also unable to withdraw any amount

I was able to withdraw interest on 29-08

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.

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.

Withdrawl ka option hi hata diya

The invested amount can be withdrawn right.?Only the interest has issue in withdrawal?.I have set withdraw to bank on maturity.

The app shows

IMPORTANT INFO

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

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.

12 September ko honge paise withdraw, vo bhi tab agar borrowers ne repayment kia to 😐

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?

They better give the interest which they charge the borrower. I’m pretty sure the minimum amount they charge borrowers would be 18 percent atleast. 

Anyone knows phone number where we could contact ? Its useless to chat n get replies in days

What if mobikwik get bankrupt or declares liquidity ? is our invested money insured by RBI ?