relax.. u will get ur money.. everyone will.. it hasn't defaulted.. Just some change in tnc.. don't over react... Your money is safe for now.. just withdrawals are different
@EnthuCC neither the platform nor the time for such questions. People are in need and are desperate you shall be presented with SEBI RA by relevant individuals only once time is apt
You gave recommendation but the decision was theirs. Risk is there in every investment.
Bro don't invest this big amount in such high risk places.
why will they be reprimanded.. they were giving additional facility to customers where they should not.. So its the other way round.. they were more open than they should be..they were NOT supposed to give anytime withdrawal... and expose everyone to the real risk of p2p..expect p2p interest to GO Up
with higher risk
Because they mislead the facts of p2p. The customer base would have been smaller if they would have followed the actual guidelines from the start. They hid the facts (regarding withdrawal rules and borrower allocation by choice) so that more people would invest in it and they get more profits.why will they be reprimanded.. they were giving additional facility to customers where they should not.. So its the other way round.. they were more open than they should be..they were NOT supposed to give anytime withdrawal... and expose everyone to the real risk of p2p..expect p2p interest to GO Up
They should notify me through mail/sms that RBI guidelines are changing so that I can’t withdraw my money from that date…
Even the borrower list which they had provided earlier seemed shady. Many repeated names, very common names, same first name and last name etc.
Do not worry like this bro. This is a bad time and soon will be over.
Those who want to complain ,follow this :
Step-1: Contact customer care and ask for resolution. If you are not satisfied with the solution then follow Step-2
Step-2: Raise a grievance to Banks or NBFCs’ own Grievance Cell. If you are not satisfied with the solution then follow Step-3
Step-3: Raise complaint with RBI Ombudsman
Reach Banks/NBFCs/Wallets Grievance Cells through following
Links to raise complaints or grievances with Banks: https://m.rbi.org.in/Scripts/ComplaintBank.aspx
Links to raise complaints or grievances with NBFCs: https://m.rbi.org.in/Scripts/ComplaintNBFC.aspx
Links to raise complaints or grievances with Prepaid Payment Instruments or Wallets like Amazon Pay, PhonePe, PayTM etc https://m.rbi.org.in/Scripts/ComplaintPPI.aspx
RBI Ombudsman: Link to raise Online Complaint against any RBI regulated entity like Banks, NBFCs, Wallets etc: https://cms.rbi.org.in/cms/indexpage.html#eng
RBI Ombudsman Scheme: Know your rights to raise complaints against RBI regulated financial companies. Also download Physical Complaint Form: https://rbidocs.rbi.org.in/rdocs/content/pdfs/RBIOS2021_amendments05082022.pdf
Addresses of physical offices of RBI Ombudsman in 24 cities to raise complaints offline: https://m.rbi.org.in/Scripts/AboutUsDisplay.aspx?pg=BankingOmbudsmen.htm
Yes. Let's wait for 12th.
Bro what's the total amount of money u hv invested in Xtra?
Daaamn! Thats brutal. I have 12L invested combined in 3 accounts in Flexi.
Total around 17 lakhs of my family in their respective accounts including my own 2 lakhs is currently invested in Mobikwik Xtra. Waiting for 12th Sept'24.
Daaamn bro. Here I thought I am the only unlucky guy here with such massive investment on Mobikwik Xtra.
