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](https://entrackr.com/2024/09/mobikwik-xtra-suspends-anytime-withdrawals-draws-flak-from-users/)
ConsciousWaste
Stealth
11 days ago
That's the reason we should think before investing in these organisations
They were really really good platforms until rbi guidelines fucked things up
Discover More
Curated from across