Unfortunately this deal has expired. Get notified of deals like this in the future.
Bank nahi Mobikwik – Join the 6% Profit Club!
https://www.mobikwik.com/offer/00000000000000aa...
Coupon Code: Join the Club now!
Offer Details
Mobikwik introduces the 6% Profit Club for all users.
Now get 6% profits annually when you keep Rs.5000 or more balance in the Mobikwik wallet.
6% profits will be processed in the form of monthly cashbacks of 0.5% of balance by Mobikwik.
To join the 6% Profit Club, user should maintain an average monthly balance of Rs.5000 or more in the Mobikwik wallet.
Usually, banks give a 4% return, while now with Mobikwik, users get 6% annual profit in form of cashbacks.
Cashbacks will be credited in users Mobikwik wallet by the 5th of the every month.
Quick tip:
Register for Auto Maintain Balance feature so that your balance never goes down.
To get higher profits keep higher balance, get KYC done to increase wallet limit from 10K to 1 Lac.
Deal Wiki
Bank nahi Mobikwik – Join the 6% Profit Club!
How to get this deal
- Click here to go to mobikwik.
Offer Details
Mobikwik introduces the 6% Profit Club for all users.
Now get 6% returns annually when you keep Rs.5000 or more balance in the Mobikwik wallet.
6% returns will be processed in the form of monthly cashbacks of 0.5% of balance by Mobikwik.
To join the 6% Profit Club, user should maintain an average monthly balance of Rs.5000 or more in the Mobikwik wallet.
Usually, banks give a 4% return, while now with Mobikwik, users get 6% annual returns.
Cashbacks will be credited in users Mobikwik wallet by the 5th of the every month.
Quick tip:
Register for Auto Maintain Balance feature so that your balance never goes down.
To get higher returns keep higher balance, get KYC done to increase wallet limit from 10K to 1 Lac.
@disclaimer wrote:
Because very few people bother to post when the experience is good or neutral.
More or less this is the case with every service provider out there. People expect fair business and have this general tendency of not appreciating each and everything vocally but not vice-versa.
And those posting negative feedbacks don’t make it a point to mention their own misdeeds.
Because dimers have a general reputation of ripping every benefits by any means makes you think that everyone out there does it literally. If you’ll search this same forum you’ll find many genuine users too who got robbed by mobid***.
Paytm is the best out of the three early movers (Freecharge, mobikwik being the other two)
Agreed. Paytm is the best but you know people looted paytm in such volumes which one can only imagine but still paytm has a much much cleaner & customer friendly reputation than mobid***.
but I dont think mobikwik is something which can’t be trusted at all.
Oh.. wait ! One fine day and you’ll change your opinion in a heartbeat.
Minor issues are always there with all service providers.
Have you not noticed the sheer number of people who is against mobikwik. Will you still say its a minor issue ?
Recharge cashback have virtually been stopped by it but many good offers are there at offline stores. A nice start to offer interest on wallet balance, it will force others too to follow. And banks involved in cartelization by offering only 4% interest will also feel some heat.
People seldom whine when they don’t get good offers instead they keep looking for best offers.
Operating only one account with each wallet service and haven’t got any issue like blockage or extra deductions till date.
Believe me there are/were many people who operated only SINGLE account on SINGLE device using SINGLE card but still they lost hefty sum of money due to this absurd account blocking policy of mobid***. I hope I made my point.
@shashi118 wrote:
I am earning 7% on 185 days FD created online in SBI. I WON’T TRUST MOBIKWIK AFTER LUM300 FIASCO.
How WILL U Tell.. ? 
@BliNdThOkO_10 wrote:
@shashi118 wrote:
I am earning 7% on 185 days FD created online in SBI. I WON’T TRUST MOBIKWIK AFTER LUM300 FIASCO.
How WILL U Tell.. ?
E-fix deposit in online netbanking portal.
@shashi118 wrote:
@BliNdThOkO_10 wrote:
@shashi118 wrote:
I am earning 7% on 185 days FD created online in SBI. I WON’T TRUST MOBIKWIK AFTER LUM300 FIASCO.
How WILL U Tell.. ?
E-fix deposit in online netbanking portal.
Create a Rs.500/mth Recurring Deposit for 12 months through ICICI netbanking and get effective interest of 7.86%. (7.40% direct + 0.46% through payback card)
explore liquid mutual fund…… you will get more than 8% return. reliance offering it with ATM withdrawal facility too and their current rate is 8.3%per annum without any time commitment.
@Dr Shandilya wrote:
explore liquid mutual fund…… you will get more than 8% return. reliance offering it with ATM withdrawal facility too and their current rate is 8.3%per annum without any time commitment.
mutualfundsinvestmentsaresubjecttomarketrisk (as they say in TV)
@panchabhut wrote:
@Dr Shandilya wrote:
explore liquid mutual fund…… you will get more than 8% return. reliance offering it with ATM withdrawal facility too and their current rate is 8.3%per annum without any time commitment.
mutualfundsinvestmentsaresubjecttomarketrisk (as they say in TV)
liquid fund is like saving account with 7-9% interest rate. liquid fund comes under same risk category as saving bank and fixed deposit.
people is not aware abt it. 
Saw this post on top after 2 days…. was expecting a news “mobiwik promoters wrap up business and abscond”…
Disappointed … but it will there someday…
YEH BANK NAHI CHOR MOBIKWIK HAI!! With the intention of freezing the money of the bona fide customer for their wrongful gain,they off and on block the wallet of the customer every time customer add monery, one who continuously follow up and day to nday send all the requisite documents authorization, id, address proof and then after continuously follow up them by spending their precious time, energy and going through tremendous stress only after a month or two their wallet are unlocked, those who do not have stamna their wallet are blocked for ever and money forfeited by Chor Mobikwik, they randomly block the wallet when they saw considerable money in the wallet . Avoid Mobikwik else loose your principal:roll: amount
@irshad7c wrote:
YEH BANK NAHI CHOR MOBIKWIK HAI!! With the intention of freezing the money of the bona fide customer for their wrongful gain,they off and on block the wallet of the customer every time customer add monery, one who continuously follow up and day to nday send all the requisite documents authorization, id, address proof and then after continuously follow up them by spending their precious time, energy and going through tremendous stress only after a month or two their wallet are unlocked, those who do not have stamna their wallet are blocked for ever and money forfeited by Chor Mobikwik, they randomly block the wallet when they saw considerable money in the wallet . Avoid Mobikwik else loose your principal:roll: amount
I guess your sentence is too short to read 
..
anytime mobikwik can block account
Scheme is closed now
http://www.livemint.com/Companies/uwEA6WGBJQ34e...
Mobile wallets company Mobikwik has withdrawn a scheme where it offered a “6% annual profit” to customers who maintain a monthly balance of at least Rs.5,000 in their mobile wallets.
The company had launched the product on 1 June and had termed this as a marketing spin on its cashback schemes. The product, however, was very similar to interest paid on a savings deposit account, which wallet companies are not allowed to offer.
Mint had reached out to the Reserve Bank of India (RBI) on 2 June, seeking its views on the product and whether it was permitted. The regulator responded on Monday evening and said the product is no longer being offered.
“Mobile wallet companies are not permitted to mobilise funds/deposits by offering cash back in nature of interest etc. To our knowledge the entity (Mobikwik) is no more allowing/offering such product,” the RBI said in an email response to Mint.
A query sent to Mobikwik’s spokesperson on Monday remained unanswered. Repeated attempts to reach out to chief executive officer Bipin Preet Singh were unsuccessful too.
All promotional messages regarding the 6% annual profit on Mobikwik’s website have been removed.
In February 2012, the RBI cautioned the public against gold loan lender Mannapuram Finance Ltd, which was accepting deposits from the public without proper regulatory approvals. The regulator said that people who continued to hold deposits with the NBFC after its caution letter would be doing so at their own risk.
Mobikwik also entered the micro credit business last month, by offering small loans worth Rs.500-2,500 to customers who are in urgent need for cash during a transaction and are falling short. For this it has tied up with a consumer lending marketplace, CashCare.
If the annual profit product had stayed, Mobikwik would have been offering banking-like services, without having a banking licence. Mobikwik had applied for a payments bank licence to the RBI, but was denied one.
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banks give loan to them @ 12% and mobikwik asking us to give it for 6%
