Bharat pay 12% club

[Farhad sekh]

What is bharat pay 12% club? Is it safe? Has anybody invested something?

 

[zealot]

What is bharat pay 12% club? Is it safe? Has anybody invested something?

Yes. It is safe. But there is risk since it's P2P lending.

 

[codenerd]

I have invested 2.75L since last couple months and it is giving 12%p.a. annually with interest credited on principal daily. You can withdraw interest every 2 days so its easy! But since its P2P, its a bit risky also.

 

[R!ppEr]

I have invested 2.75L since last couple months and it is giving 12%p.a. annually with interest credited on principal daily. You can withdraw interest every 2 days so its easy! But since its P2P, its a bit risky also.

is there a lock-in though? can i reove my principal amount before a year?

 

[PANK]

Please share tax rules
How much interest is tax free
And % of tax levied on interest earned from p to p lending

 

[rp0703]

Please share tax rules
How much interest is tax free
And % of tax levied on interest earned from p to p lending

All the interest you earn is taxable. It will be treated as income from other sources and will be taxed as per your tax bracket. If you have total income upto 5L per annum then there will be no tax liability. But you still have to file income tax return.

 

[gurubhai]

Please share if there is lock-in period for the amount we invest.

 

[rp0703]

Please share if there is lock-in period for the amount we invest.

No lock in period. Once you place withdrawal request it would take upto 48 hours to get the funds. In most of the cases funds will be transferred in 24 hour's only.

 

[kkk]

Please share if there is lock-in period for the amount we invest.

There is no lock-in. I am investing since a year. These days withdrawal can take upto 48 hours.

 

[Oscar]

I have been trying to activate KYC but getting network error. Did anyone face this?

 

[mojo_jojo123]

what is the app or website name ?

 

[Oscar]

what is the app or website name ?

12% Club is the app name

 

[Deleted member 9785]

 

[codenerd]

Start using mobikwik Xtra! Much beter than 12%.

 

[mojo_jojo123]

can we use wallet money for mobikwik xtra ?