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Unable to Withdraw Interest Earned from Mobikwik Xtra

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Phenomenal1

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?

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Deal Newbie Deal Newbie
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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.

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Deal Newbie Deal Newbie
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hi, 

 as per information so far. 

Withdrawal will be only allowed on 12th 

will only know on 12th how much is allowed

they should have informed previously before changing rules. MOBIKWIK coming with IPO is this a warning SIGN ???

since BNPL(buiy now pay later) scheme will continue there won't be sudden stop in payments. so payments will comes in but will take longer to get money back. 

this is my assessment, i might be wrong. 

Deal Newbie Deal Newbie
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I think the same because they are currently in good business and they already giving the loans on higher interest people are still paying back but what should do it not invest anymore funds because when you read terms and conditions it is clearly mentioned that default chances are very high and now no liquidity no return guarantee 

We should aware other people too that this is not a alternative investment its a very risky investment 

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Deal Newbie Deal Newbie
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Is our investment safe.

Is this even legal isn't it illegal that we are not able to access our own funds

Deal Newbie Deal Newbie
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same issues i am facing
Deal Newbie Deal Newbie
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I was saving money and parking it here for the past few months to buy a car this year end. Now looks like I have to take a loan. Frustrating. Very bad.

Commentator Commentator
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Me too facing problems,, please form group in whatsapp so we all together can updated...

Deal Newbie Deal Newbie
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Yes that's the better idea. 

Can somone pls form it

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Deal Newbie Deal Newbie
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count me in for the whatsapp group

Deal Newbie Deal Newbie
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it will be paid back in installments probably. no more flexibility of full withdrawal. they should not have done this . 

Deal Newbie Deal Newbie
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TAG @rbi , Finance minister  @ BIPINSINGH CEO and founder of MOBIKWIK on twitter, 

Deal Newbie Deal Newbie
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Guys see this mobikwik support team reply me after two days, when i start #retrunmymoney Mobikwik on twitter..

IMG20240904155203216

Deal Newbie Deal Newbie
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any summarized update ?

I'm very much concerned about the Mobikwik step.... bulk amount blocked, Will the old investments would be available for withdrawl completely ????

Deal Newbie Deal Newbie
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Hi Folks

Let's collectively give 1 star rating on the app Store and play store and mention this issue in our review. I have done my part from both iPhone and Android. Please follow the league.

Deal Newbie Deal Newbie
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Again maintenance 

Deal Cadet Deal Cadet
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First repayment is ready to be withdrawn, please check the apps

Deal Newbie Deal Newbie
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Only 10% or my total corpus was available for withdrawal. 

Deal Newbie Deal Newbie
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MobiKwik is update and now you can see the estimated amount you will receive each month . Every month there is a minimum and maximum expected amount you will receive , when you will sum up the minimum amount you will get to know the minimum amount is far less then even the invested amount . And for the first month of September we have received even less then the minimum amount .

Deal Newbie Deal Newbie
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even the sum of maximum returns is lesser than the Invested amount.
Deal Newbie Deal Newbie
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What's the plan, mine is also stucked

Deal Newbie Deal Newbie
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We are screwed

Deal Subedar Deal Subedar
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Some Mobikwik investors created a WhatsApp group against them trying to find legal ways to get money back ....already tried complaint to RBI but nothing happened till now & now MOBIKWIK IPO approved by SEBI .

Deal Subedar Deal Subedar
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To add in mobikwik Wa group 👉7️⃣5️⃣0️⃣6️⃣9️⃣3️⃣1️⃣5️⃣1️⃣6️⃣

9️⃣4️⃣1️⃣1️⃣7️⃣1️⃣7️⃣2️⃣8️⃣3️⃣

Deal Subedar Deal Subedar
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All other lending P2P have returned old investors money,12% club,cred some more r there it's only Cheater Mobikwik who didn't took consent directly used our money

Deal Newbie Deal Newbie
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Guys check your account. There is more payment available for withdrawal. 

Deal Lieutenant Deal Lieutenant
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as always another high interest risky biscuit gone wrong. stay away from these kind of apps

Deal Subedar Deal Subedar
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MobiKwik is a fraud company since the day of its starting. Earlier they cheated customer by converting wallet cashback into supercash, they are known for changing terms without pre-intimation to customer. Same they did in P2P lending business. Now the amount is huge so this outrage happening.

Never trust on these fraudsters, once a Mobid**k is always a shit

Deal Newbie Deal Newbie
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Doomed, we live in a country were there is no enough security or strong legal system to protect us even government dont care RBI is dead silent. RBI needed money in bank 1st note ban. 2nd changing currency now next stunt is forcing p2p to either give back money to invested peopl so they can stock up in bank or to lend money so the money come back to bank. Sorry to say i have lost all my hopes and dreams to be survive here my only path forward is to leave this contry and start from scratch have new hope and dreams or just suicide infront of RBI or Mobikwik or lendbox. 

I did a big mistake trusting Mobikwik and Transactree Technolgies Private Limited Lendbox


#mobikwikscam #lendbox #UselessRBI  

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