unable to withdraw from an extra account in Mobiqwik
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Withdraw as early as possible. I already withdrew completely last week.
RBI made changes in p2p lending from aug 3rd week,Loss should be hold from investors account.If any one didn't pay to lenders it should be deducted from the investors account
For eg if you invest Rs.100 and Rs.20 becomes npa means you won't get any interest or capital for Rs.20 until the defaulter paid the amount
Even I don't see the option to withdraw and on exploring the app, it says this
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
How to withdraw invested money from mobikwik Extra?
Just at the right time i withdraw all money from mobikwik xtra after reading RBI notice last week.
Otherwise my money will stuck
Great escape from p2p lending
I also withdrew last week from mobikwik and cred mint, after reading a reddit post about it. Thank God.
Bhai ab isme vo lockin period h kuch pehele nhi tha Shayad is karan nhi kr pa rhe aap