Mobikwik XTRA Interest Rate increased to 14%

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Last Comment 2024-04-19

marumuganainar

2024-04-19

From today onwards mobikwik XTRA increased the interest rate as follows

1 month 10%
3 months 12%
12 months 13%
24 months 14%

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https://www.desidime.com/discussions/mobikwik-xtra-interest-rate-increased-to-14?page=1#post_10025791

Vijay_Thalapathy

2024-04-19

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is it reliable ?

https://www.desidime.com/discussions/mobikwik-xtra-interest-rate-increased-to-14?page=1#post_10025899

FKAZ

2024-04-19

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No, read full t&c . You will have to pay to arc also for recovery if your money is lost

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https://www.desidime.com/discussions/mobikwik-xtra-interest-rate-increased-to-14?page=1#post_10025900

DEEPANGEORGE

2024-04-19

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Well since "P2P Flexi deposit schemes" are withdrawn because of RBI, now every P2P is increasing their Rate of Interest lol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 smile