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CosmicTaco
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Grapevine

MobiKwik Xtra Faces Backlash Over Sudden Withdrawal Policy Change

  • MobiKwik's Xtra investors are struggling with withdrawals after a policy change by lending partner Lendbox.
  • Users claim the change was made without prior notice and investments were transferred without their knowledge.
  • The RBI's new rules on P2P lending are cited as the reason for the halt in anytime withdrawals.
  • MobiKwik states that withdrawals will now be available on the 12th of every month.
  • Other P2P platforms like BharatPe's 12% Club and Liquiloans are also facing similar issues.

Source: Entrackr

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Mobikwik P2P screw up

Anyone got screwed up by Mobikwik Xtra since the RBI updated their P2P rules recently?

I am deadly screwed up now since they have blocked withdrawals.

I have never felt like this in life I guess. I am starting to lose my senses now.

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