Mahesh Pondugula filed complaint against MobiKwik on May 22, 2026
I invested in MobiKwik Xtra through their P*P lending platform before the recent RBI guidelines that were issued on August **, ****. Back then, I could withdraw my funds at any time, but now they’ve changed their terms. They are only willing to pay out on the **th of every month, but only if the funds are received from borrowers. This is a major change from when I invested, and I’m concerned that it goes against the original agreement.
Nearly ~**% of my funds held without consent.
Mobikwik Xtra is holding roughly **% of invested capital across users without borrower-level approval or fresh consent after policy changes.

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