CosmicTaco

MobiKwik Xtra Faces Backlash Over Sudden Withdrawal Policy Change

CosmicTaco · 2024-09-09T13:33:22.850065+05:30

- 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/)

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