The Indian payment service provider, Mobikwik has announced a new financial service by the name – Xtra. The services which are very popular and used by more than one billion people will be able to use Xtra on their handphones. The new product has been launched keeping in mind the needs of the young investors and catering to them to meet the unique requirements of budget-conscious investors.
Usually, every investment comes with a minimum locking period of three years and more. But the advantage of Xtra is that it offers investment options with no lock in period and one can earn daily interest credit of up to 12% per annum. The lowest deposit amount is only Rs 1,000 which can attract new entrants. The new venture comes with a unique approach curated to support young investors.
More than half of the people in India do not have access to guidance when it comes to investments to create some savings. Xtra has been introduced for every citizen of India to offer best interest rates allowing some good savings. It is very flexible and empowers users to invest any amount they wish to and earn a good return for a duration they opt for.
Anyone who is above 18 years old is eligible to use Xtra, the only requirement is having a PAN number with the help of which you can register yourself.
With close to 130 million customers in its kitty, MobiKwik is positioning itself as a full-stack service provider. Xtra by Mobikwik is an industry first product to be offering such benefits and we are hopeful that people will make the most of it!
