Best platform, How to Earn 12 Percent Interest on Investment, MobiKwik Xtra to earn 12%

How to Earn 12 Percent Interest on Investment, Is is worth to Invest in MobiKwik Xtra to earn 12%, mobikwik referral code: 4SB2FR
Best platform, How to Earn 12 Percent Interest on Investment, MobiKwik Xtra to earn 12%

When it comes to investing your hard earnings to make more profits with your principal amount. So we often look for better investors where we can invest as well as our capital should be also safe. We can see this days there are lots of investors has jump into the market where they show handsome interest rate and attract customers to earn 12 percent interest on investments. There are many in such as BharatPe, Lenden, 12% Club, MobiKwik Xtra to earn 12% and they claim to give you high interest rate that is better than FD.

But obviously there are risk too, before investing you must read the terms and conditions carefully, so that no dispute or un common understanding happens to you.

In this article, I will tell you about the MobiKwik Xtra.

Why should you invest and Earn 12 Percent Interest?

90% of Indians lack access to the appropriate financial products and the knowledge to make the most of their money. Every Indian is expected to save more money with the help of Xtra, which offers the best interest rate. With Xtra, customers can invest and make money for brief periods of time or over lengthy periods of time.

How does MobiKwik xtra investment work?

If Reema made an investment at the beginning of the month, her money would currently be generating interest every day. She has now earned 0.5% on her deposit in those 15 days, maximising her savings, even if she withdraws it on the 16th of the month to cover monthly costs. remarked Mukul Saxena, CEO of MobiKwik’s Financial Services.

According to MobiKwik, “Xtra is an investment that offers you the opportunity to earn up to 12% p.a. by lending directly to creditworthy borrowers,” according to the company’s website. Lendbox (Transactree Technologies Pvt Ltd), a peer-to-peer investing platform, is used for this.

Who can invest in Mobikwik Xtra to Earn 12 Percent Interest?

Whether a resident or non-resident, any Indian over the age of 18 or a company with a PAN card and an Indian bank account in compliance are eligible to invest with Lendbox. Another avenue for NRIs to invest in Xtra is through an NRO bank account. Start off with as little as Rs. 1000 and as much as Rs. 10 lakhs in your investment account. Since the interest income from your investments is not reinvested, your account will be updated regularly with earnings, which you can withdraw at any time and without incurring any fees.

How MobiKwik try to keep your capital safe and Earn 12 Percent Interest?

Before choosing the borrowers to whom money will be provided, hundreds of data points on income and spending behaviour are analysed. The money from investors will be divided among lakhs of borrowers in units as little as 100 rupees. Investments are diversified and risk is reduced as a result, according to MobiKwik’s website.

The introduction of Xtra was the joint responsibility of Lendbox, a P2P registered NBFC controlled by the RBI, and Xtra. With Xtra, MobiKwik hopes to empower the Next Billion Indians by democratising and digitising savings and investments in a way that is tech-friendly and provides exceptional returns. The fintech powerhouse claims that solutions like Xtra, which are flexible and alternative, may assist Indians in achieving financial independence and generating significantly greater returns on their money. Xtra is one of many features and products that are firsts for the industry.

Should you invest in Mobikwik Xtra to Earn 12 Percent Interest?

As per my experience, I have invested in Mobikwik Xtra and got a good interested rate and it gets credited and shows in the app too. It is not a recommendation or advertise that you must invest into this app.

I totally suggest you read the terms and conditions and research more, send an email to Mobikwik to get more information about their investment.

How to invest in Mobikwik Xtra to Earn 12 Percent Interest?

  • Download the app
  • Register with your valid documents
  • After that, a compulsory VIDEO KYC will be done
  • After verification, you are ready to invest

Use my ( referral link and referral code: 4SB2FR ) so that I can earn a fee without affecting your amount.

Frequently Asked Question for Mobikwik Xtra to Earn 12 Percent Interest

What is MobiKwik Xtra?

Xtra is an investment that offers you the opportunity to earn upto 12% p.a. by lending directly to creditworthy borrowers. This is done via an RBI-regulated peer to peer investing platform, Lendbox (Transactree Technologies Pvt Ltd)

How will my money be deployed between different borrowers?

Hundreds of data points of income and expense behavior are assessed before selecting borrowers to whom money will be lent. Investors’ funds will be split into chunks as small as Rs. 100 and distributed between lakhs of borrowers. This mitigates risk and diversifies investments.

Who can invest in MobiKwik Xtra? Can NRIs invest?

Any Indian above 18 years (resident or non-resident) or company with an active PAN Card and Indian bank account can invest with Lendbox. NRIs can also invest in Xtra via their NRO bank account.

Is there a fee for investing in MobiKwik Xtra?

No, Xtra does not charge any investment fee or commission for deposits or withdrawals.

Which documents do I need to start investing in Xtra?

If you have already completed KYC with MobiKwik, no extra documentation required. If not, you only need to perform PAN and Aadhar-based KYC to begin investing with Xtra.

How much can I invest?

You can start your investment with a minimum of Rs. 1000 and go upto Rs. 10 lakhs. If you want to increase your investment beyond Rs. 10 lakhs, reach out to us and our team will be happy to help you. As per RBI guidelines, for anyone investing above Rs. 10 lakhs, a net worth certificate will be required

Will my earnings be compounded?

Interest earned on your investments is not reinvested. Earnings are added on a daily basis to your account and are available to withdraw any time

Will I have to pay any fees for withdrawing my funds?

No fees or charges are applicable for withdrawals.

How long will it take for my withdrawal to reach my bank account?

It may take up to 2 banking days for you to receive withdrawn funds in your bank account, Since we work with a P2P-NBFC partner, we are restricted by RBI regulations around flow of funds. Every transaction must be processed through trustee-regulated escrow accounts during banking hours. Rest assured that you will earn interest up until the day before funds are received in your account.

Can I change the bank account where my withdrawals will be credited?

Sure. Click withdraw, enter an amount, and select ‘Add a bank account’. We will verify your bank account details by depositing ₹1, after which your bank account will be successfully added.

Are my earnings taxable? Will tax be deducted when I withdraw my earnings?

Interest income earned is taxable as per your income’s tax slab and is classified under ‘Other income’. Tax will not be deducted at source, i.e., we will not deduct tax when you withdraw your money

What happens if any borrower does not repay? Are returns guaranteed?

As per RBI guidelines for P2P-NBFCs, all P2P investments are unsecured and cannot be backed by collateral. MobiKwik and its RBI-regulated partners follow best-in-industry risk assessment practices to minimize the risk for its investors, however, returns are not guaranteed.


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