Mobikwik reinvested P2P lenders' money without their consent

[kartikgore]

Total amount 64500
Withdrawal 9889 only 15 percent of the actual amount, from the look of this it will take 6 months for full amount withdrawal

 

[Sathishmani]

Finally withdrawn some amount

 

[LUKA]

MobiKwiK Xtra P2P First Withdrawal Enabled Now

Partial Amount showing for withdrawal

People can see withdrawal option based on their Borrower repayment cycle

 

[LUKA]

So no need to panic then, they are crediting back 12th of every month, whatever the borrowers have repaid. If we are lucky it could be recovered in 5-6 months else an year or so.

What about intrest? If I not withdrawing and keeping there makes any sense ? Any profit or not ?

 

[Sahil_07]

What about intrest? If I not withdrawing and keeping there makes any sense ? Any profit or not ?

no profit,you have to reinvest these partial amounts for getting interest

 

[atulay]

Money is available to withdraw from Mobikwik Xtra. It varies from 10-15% of total principal and interest.

 

[HumorSimpson]

no profit,you have to reinvest these partial amounts for getting interest

on top of it , why to take another risk .

 

[codenerd]

Its 10.1 precisely of thr principal amount imvested. Chrckef it with 4 accounts. Dont know how other are gettinf 11-15% excluding interest

 

[HumorSimpson]

Its 10.1 precisely of thr principal amount imvested. Chrckef it with 4 accounts. Dont know how other are gettinf 11-15% excluding interest

You are correct . 10.1 % of principle and its accrued interest.

 

[codenerd]

You are correct . 10.1 % of principle and its accrued interest.

Yes, the interest we go today is our old interest whuch we cudnt withdraw.

God know whats the gmcurrent interest rate at which we will be paid. Next month repayment will give more understanding.

 

[Abhishek012]

Sab k sab kya Arindam k fan or subscriber hai kya jisne jisne invest kiya tha Mobikwik me ?

 

[Sahil_07]

Sab k sab kya Arindam k fan or subscriber hai kya jisne jisne invest kiya tha Mobikwik me ?

Who is Arindam

 

[LUKA]

Who is Arindam

A Y TuBer

 

[bishtsaurav95]

Their customer care are also liers they told that users who invested before 16th August will get whole withdrawal option.

 

[Sahil_07]

I just received my 11% in bank account

 

[HumorSimpson]

I just received my 11% in bank account

Same here.. Seems they followed EoD credit

 

[imdjay]

@raghu.rokda I hope you have some relief now and have withdrawn some of your amount.

 

[codenerd]

I hope they don't stick to this strict 10% withdrawal every month and that wr can take our money out within 6 motnhs instead of 9-12 months


I am also okay to foreho my interest accrued if i get full principal amount. But still its a small sigh of relief that some payment is atleast recivered today.

Now just like salary, every month we need to eait for 12th also.

 

[iampqq]

giving me 2000 19k invested mdfffffffffff
kaha phas gya

 

[virtuoso]

I just withdrew A total of 10% of my corpus. it contains only 2 days of interest on my total corpus is there