Maximizing Benefits with Mobikwik Xtra Referral Code
Mobile wallets have revolutionized the way we manage our finances, conduct transactions, and avail discounts and rewards. Mobikwik, a leading player in the mobile wallet landscape, offers users a range of features to enhance their financial experience. Among these features is the Mobikwik Xtra, a powerful feature that allows users to earn 12% to 12.99% and benefits by referring the platform to their friends and acquaintances. In this article, we will learn about how to earn moeny using Mobikwik Xtra Referral Code, exploring how it works, the benefits it offers, and how users can maximize their gains through effective referrals.
What is Mobikwik Xtra?
Mobikwik Xtra is a peer-to-peer (P2P) lending platform that allows users to earn up to 12% p.a. by lending money to borrowers. The platform is operated by Mobikwik, a popular digital wallet and payment service provider in India.
To invest in Mobikwik Xtra, users need to create an account and undergo the KYC process. Once the account is approved, users can start investing in this service starting from Rs. 1000. The investment can be made in two modes:
- Flexi: This mode offers interest up to 12% p.a. and there is no lock-in period. Users can withdraw their money at any time without any penalty.
- Plus: This mode offers interest up to 12.99% p.a. but there is a lock-in period of 3, 6, 9, or 12 months. If the money is withdrawn before the lock-in period, a penalty may be imposed.
The borrowers on Mobikwik Xtra are screened by Lendbox, an RBI-regulated P2P lending platform. Lendbox uses a variety of factors to assess the creditworthiness of borrowers, including their income, employment history, and credit score.
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Mobikwik Xtra is a relatively new platform, so there is limited data on its performance. However, the platform has received positive reviews from users who have invested in it.
Mobikwik Xtra – P2P Lending Platform : Earn 12%
- Flexi plan: This plan offers interest up to 12% p.a. and no lock-in period. You can withdraw your investment at any time without any penalty.
- Plus plan: This plan offers interest up to 12.99% p.a. and a lock-in period of 3, 6, 9, or 12 months. If you withdraw your investment before the lock-in period, you may have to pay a penalty.
Mobikwik Xtra Referral Code : QVH2UW
Mobikwik Xtra Referral Code
Mobikwik Xtra Referral Code : QVH2UW
The Mobikwik Xtra Referral Code is a unique alphanumeric code that you can share with your friends or others. When new users sign up for Mobikwik using your referral code, both the referrer (the one who shared the code) and the new user (the one who used the code) receive various rewards and benefits. These rewards can range from cashbacks, discounts, vouchers, and more, depending on the ongoing referral promotion. Curently, Mobikwik is offering Rupees 100 to 250 for the referral and 10% as new user invest on the platform.
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How Mobikwik Xtra Referral Code Works
- Receive Your Referral Code: Existing Mobikwik users are provided with a unique referral code, which they can access from within the Mobikwik app. This code is then used to track referrals and attribute rewards.
- Share the Code: Users can share their referral code with friends, family, and contacts via various means, including social media, messaging apps, email, or direct sharing.
- New User Signup: When a new user signs up for Mobikwik using the referral code, both the referrer and the new user become eligible for rewards, subject to the terms and conditions of the referral promotion.
- Earning Rewards: Once the new user fulfills the requirements of the referral promotion, both the referrer and the new user receive their respective rewards. These rewards are often credited directly to the user’s Mobikwik wallet.
Conclusion
Overall, Mobikwik Xtra is a good option for investors who are looking for high returns and the flexibility to withdraw their money at any time. However, it is important to remember that the returns are not guaranteed and the platform is new, so it is important to do your own research before investing.
FAQ – frequently Asked Questions
<strong>1. What is Mobikwik Xtra and how does it work?</strong>
Mobikwik Xtra is a peer-to-peer lending platform where users can earn up to 12.99% interest by lending money to borrowers. There are two investment modes: Flexi and Plus, offering different interest rates and lock-in periods.
<strong>2. How can I invest in Mobikwik Xtra?</strong>
To invest in Mobikwik Xtra, you need to create an account, undergo KYC, and start investing with a minimum of Rs. 1000. Choose between Flexi and Plus plans based on your preferences and financial goals.
<strong>3. What are the benefits of using Mobikwik Xtra Referral Code?</strong>
By sharing your referral code, both you and the new user who signs up using your code can earn rewards such as cashbacks, discounts, and vouchers, depending on the ongoing referral promotion.
<strong>4. How do I get my Mobikwik Xtra Referral Code?</strong>
Existing Mobikwik users can find their unique referral code within the Mobikwik app. Simply access the code from the app and start sharing it with friends, family, and contacts.
<strong>5. What rewards can I earn through Mobikwik Xtra Referral Code?</strong>
Rewards for using the referral code vary depending on the ongoing promotion. Typically, both the referrer and the new user receive rewards once the new user fulfills the requirements of the referral promotion.
<strong>6. Is investing in Mobikwik Xtra safe?</strong>
Mobikwik Xtra is operated by Mobikwik, a well-established digital wallet and payment service provider. However, as with any investment, there are risks involved, and it’s important to do your own research before investing.
<strong>7. How can I maximize my gains with Mobikwik Xtra Referral Code?</strong>
To maximize your benefits, actively share your referral code with as many people as possible. Encourage them to sign up and fulfill the requirements of the referral promotion to earn rewards for both you and the new user.
