https://www.desidime.com/discussions/super-duper-interest-of-12-99-in-mobikwik-xtra-plus?page=1#post_9101571
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Super duper interest of 12.99% in Mobikwik Xtra Plus
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Through this feature, users can earn up to 12.99 percent interest. Earlier, the company had launched the Xtra feature in which up to 12 per cent interest is available. The company has partnered with RBI regulated P2P investing platform Lendbox (Transactree Technologies Pvt Ltd) for this feature.
If you invest in Mobikwik Xtra, then the interest you get at the rate of 12 percent is added to your account every day. You can also withdraw that money at any time. On the other hand, you can earn 12.99 percent interest by investing in Xtra Plus, but the lock-in period is 3 months.
Who can invest in Mobikwik Xtra or Xtra Plus?
Any Indian above 18 years of age with PAN card and Indian bank account can invest in it. NRIs can invest in it through their NRO bank account.
Are there any charges for investing in Mobikwik Xtra or Xtra Plus?
No, there are no charges for deposit or withdrawal in Mobikwik Xtra. There is no investment fee for investing in Mobikwik Xtra Plus. In Mobikwik Xtra Plus, there is no interest for withdrawing money before 30 days and up to 8% interest for withdrawing money before maturity.
How much investment required
Investing in Mobikwik Xtra or Xtra Plus can start with as low as Rs 1000. You can invest up to Rs 10 lakh in this. If you want to increase your investment more than 10 lakh rupees then you have to contact Mobikwik team. According to RBI guidelines, a net worth certificate will be required for investing more than Rs 10 lakh.
How safe is investing in P2P lending platforms?
Many P2P investing platforms in the country are regulated by the RBI. However, there is a risk in this investment as well. In such a situation, one should invest wisely.
If you invest in Mobikwik Xtra, then the interest you get at the rate of 12 percent is added to your account every day. You can also withdraw that money at any time. On the other hand, you can earn 12.99 percent interest by investing in Xtra Plus, but the lock-in period is 3 months.
Who can invest in Mobikwik Xtra or Xtra Plus?
Any Indian above 18 years of age with PAN card and Indian bank account can invest in it. NRIs can invest in it through their NRO bank account.
Are there any charges for investing in Mobikwik Xtra or Xtra Plus?
No, there are no charges for deposit or withdrawal in Mobikwik Xtra. There is no investment fee for investing in Mobikwik Xtra Plus. In Mobikwik Xtra Plus, there is no interest for withdrawing money before 30 days and up to 8% interest for withdrawing money before maturity.
How much investment required
Investing in Mobikwik Xtra or Xtra Plus can start with as low as Rs 1000. You can invest up to Rs 10 lakh in this. If you want to increase your investment more than 10 lakh rupees then you have to contact Mobikwik team. According to RBI guidelines, a net worth certificate will be required for investing more than Rs 10 lakh.
How safe is investing in P2P lending platforms?
Many P2P investing platforms in the country are regulated by the RBI. However, there is a risk in this investment as well. In such a situation, one should invest wisely.
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We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
Top Comments
https://www.desidime.com/discussions/super-duper-interest-of-12-99-in-mobikwik-xtra-plus?page=1#post_9101574
.any review on this . anyone invested. is it safer than Cred
https://www.desidime.com/discussions/super-duper-interest-of-12-99-in-mobikwik-xtra-plus?page=1#post_9101654
See all these apps hide behind "regulated by the rbi" tag but consider the regulation to be worst than cooperative banks
https://www.desidime.com/discussions/super-duper-interest-of-12-99-in-mobikwik-xtra-plus?page=1#post_9101667
MegaMind90 wrote:.any review on this . anyone invested. is it safer than Cred
Almost all have the same risk hence Go for the highest return.
https://www.desidime.com/discussions/super-duper-interest-of-12-99-in-mobikwik-xtra-plus?page=1#post_9101675
Digital kabuliwala lending...
https://www.desidime.com/discussions/super-duper-interest-of-12-99-in-mobikwik-xtra-plus?page=1#post_9101712
one should invest wisely=100%risk
Once enough money is invested Mobikwik show this line😄
https://www.desidime.com/discussions/super-duper-interest-of-12-99-in-mobikwik-xtra-plus?page=1#post_9101721
,Mobiwkik aur freecharge oe i wont trust even for 1 re , zero reliability. Never run for higher return by putting all the investment at risk
https://www.desidime.com/discussions/super-duper-interest-of-12-99-in-mobikwik-xtra-plus?page=1#post_9101951
Bhartpe have more trusted and customer than this..
https://www.desidime.com/discussions/super-duper-interest-of-12-99-in-mobikwik-xtra-plus?page=1#post_9101997
How is 12% club? Is it safe as compared to this mobikwik
https://www.desidime.com/discussions/super-duper-interest-of-12-99-in-mobikwik-xtra-plus?page=1#post_9102188
badkarma wrote:How is 12% club? Is it safe as compared to this mobikwik
All are risky. However the probability of risk is low, but when shit hits you should be ready to lose your Money.
Put 5-10% of your investment money .
https://www.desidime.com/discussions/super-duper-interest-of-12-99-in-mobikwik-xtra-plus?page=1#post_9102374
Rx27 wrote:,Mobiwkik aur freecharge oe i wont trust even for 1 re , zero reliability. Never run for higher return by putting all the investment at risk
+1..
Can't trust mobikwik for single rupee.. they are worst in terms of changing t&c and downgrading offers
https://www.desidime.com/discussions/super-duper-interest-of-12-99-in-mobikwik-xtra-plus?page=1#post_9102734
For 12% return, the risk is too high with these P2P apps. My suggestion, open a demat account and buy a small case of good managers like Deepak Shenoy, Prashant Krish, Amit Kumar Gupta or whomever you trust.
https://www.desidime.com/discussions/super-duper-interest-of-12-99-in-mobikwik-xtra-plus?page=1#post_9102878
25 din me paisa dabal
https://www.desidime.com/discussions/super-duper-interest-of-12-99-in-mobikwik-xtra-plus?page=1#post_9103032
1 lakh invested
https://www.desidime.com/discussions/super-duper-interest-of-12-99-in-mobikwik-xtra-plus?page=1#post_9103125
badkarma wrote:How is 12% club? Is it safe as compared to this mobikwik
Using it for more than 7-8 months. No single issue. Yes risk is there.
Regarding Lendbox(mobikwik partner) - They have academic p2p lending which comes with insurance (upto 13% interest earning) but not sure about any hidden conditions.
Someone here can add more focus on it.
https://www.desidime.com/discussions/super-duper-interest-of-12-99-in-mobikwik-xtra-plus?page=1#post_9103182
Jst 4% more than fd . Fd provides 9% and 5 lakh is secured by RBI. Without any risk. So btr invest in fd. 9% in small finance banks
https://www.desidime.com/discussions/super-duper-interest-of-12-99-in-mobikwik-xtra-plus?page=1#post_9103245
MegaMind90 wrote:.any review on this . anyone invested. is it safer than Cred
Does cred offer interest? If yes.. whats the interest rate?
I am using Mobikwik from few months so far no issues.. have done couple of withdrawal as well. Seamless so far. But i would advice to invest with caution. Larger interest .. larger risk.
https://www.desidime.com/discussions/super-duper-interest-of-12-99-in-mobikwik-xtra-plus?page=1#post_9103250
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catchchirag wrote:Does cred offer interest? If yes.. whats the interest rate?
I am using Mobikwik from few months so far no issues.. have done couple of withdrawal as well. Seamless so far. But i would advice to invest with caution. Larger interest .. larger risk.
Cred Mint is giving 9%
https://www.desidime.com/discussions/super-duper-interest-of-12-99-in-mobikwik-xtra-plus?page=1#post_9103391
Why do you want to wait for 3 months, just for extra 1%. Not worth it.
https://www.desidime.com/discussions/super-duper-interest-of-12-99-in-mobikwik-xtra-plus?page=1#post_9103404
Overall Risky no Sunvai in anywhere
https://www.desidime.com/discussions/super-duper-interest-of-12-99-in-mobikwik-xtra-plus?page=1#post_9103441
kukdookoo wrote:
See all these apps hide behind "regulated by the rbi" tag but consider the regulation to be worst than cooperative banks
“partnered with RBI regulated P2P investing platform Lendbox”
Look closely , MobiKwik has no regulations and lendbox wont ever entertain any direct queries for investments done through MobiKwik.
MobiKwik is just using the term RBI to gain our trust. I know this is not wrong, just be careful before you leap.
https://www.desidime.com/discussions/super-duper-interest-of-12-99-in-mobikwik-xtra-plus?page=1#post_9103486
upto?
https://www.desidime.com/discussions/super-duper-interest-of-12-99-in-mobikwik-xtra-plus?page=1#post_9103718
How do PPL forget that they have to pay tax on this, usually 20-30% . Then how is this better than fd
https://www.desidime.com/discussions/super-duper-interest-of-12-99-in-mobikwik-xtra-plus?page=1#post_9103770
pritesh.khilnani854 wrote:How do PPL forget that they have to pay tax on this, usually 20-30% . Then how is this better than fd
You would also be paying tax on interest earned on FD.
10 lakh in FD: interest @ 9% = Rs 90,000
Tax on 90000 (if in highest bracket) = Rs. 27000
Net income = Rs.90000-Rs.27000 = Rs. 63000
10 lakh @ 13% interest = Rs. 1,30,000
Tax (@30%) = Rs. 39,000
Net earning = Rs 130000-Rs.39000 = Rs. 91,000
So, even after tax its Rs.63000 vs Rs.91,000
No role of tax here. Higher earning, higher tax but higher net income too.
https://www.desidime.com/discussions/super-duper-interest-of-12-99-in-mobikwik-xtra-plus?page=1#post_9104148
P2P lending is highly risky & complex.
Most people don't understand lending & P2P lending. P2P lenders & these new-age players are just fooling their investors. In P2P lending, you should expect atleast a return of 14-18% on your portfolio, else it's not worth considering the high risk.
A 5-7% default (NPA) in P2P lending is normal, so for every Rs 100 invested, you will lose Rs 5. The remaining Rs 95 is what helps you earn interest. So, even if your balance portfolio earns 12% (which is unlikely with these new age players; note that they say "upto 12%"), you will make 106.4. So overall just 6.4%!!! And if your default rate hits 10%, you will only make 100.8 at 12% return!! One of the reasons why P2P lending not picked up in so many years & despite RBI giving out licenses!
Real problem is borrower underwriting+due-diligence & recovery mechanism. P2P lenders need excellence on these 2 parameters, but seemingly all p2p lenders are failing on this!!!
If you still want to invest thru P2P, rather do it directly on the P2p platforms instead of these new age players. Choose your platform wisely!
https://www.desidime.com/discussions/super-duper-interest-of-12-99-in-mobikwik-xtra-plus?page=1#post_9104354
You are basically giving loan to mobikwik. There no guarantee they will ever pay you back since they are all in losses 
https://www.desidime.com/discussions/super-duper-interest-of-12-99-in-mobikwik-xtra-plus?page=1#post_9104477
It is possible that thay give mobikwik supercash instead of Interest 
https://www.desidime.com/discussions/super-duper-interest-of-12-99-in-mobikwik-xtra-plus?page=1#post_9104626
Meri Anuradha aisi hai
https://www.desidime.com/discussions/super-duper-interest-of-12-99-in-mobikwik-xtra-plus?page=1#post_9104776
MegaMind90 wrote:.any review on this . anyone invested. is it safer than Cred
I have invested and have been steadily paid interest on a daily basis for the past 6months, No problems till date. P2P funding comes with its own risk quotient as the rewards are also comparitively higher.
Regarding Cred, MBK Extra pays 33% more and the risk involved is the almost same.
Another down point in Cred is they have a limitation of Rs 25000 as the minimum investment amount whereas in MBK EXTRA you can start with even Rs 1000
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All are risky. However the probability of risk is low, but when shit hits you should be ready to lose your Money.
Put 5-10% of your investment money .
,Mobiwkik aur freecharge oe i wont trust even for 1 re , zero reliability. Never run for higher return by putting all the investment at risk