For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

MobiKwik Wallet: Know The Features Of This Virtual Wallet

|

After demonetization move, the government is too busy with encouraging cashless payments. Nowadays there's no need to worry about stacking up your purse with liquid cash. People can always link their debit and credit cards to MobiKwik to transact money within seconds.

MobiKwik Wallet is a prepaid financial instrument approved by Reserve Bank of India. It allows Indian consumers to store money in a virtual wallet and then use it across all the channels such as for shopping, bill payments and all.

MobiKwik Wallet: Know The Features Of This Virtual Wallet
 

Once after successfully creating an account and completing the registration process in accordance users can start availing of MobiKwik Wallet services.

1. Currency of issue

Indian Rupees only.

2. Re loading funds

MobiKwik Wallet is re-loadable, subject to the condition that maximum outstanding balance must not exceed INR Rs 10,000 (Indian Rupees Ten Thousand only) per month at any point in time.

3. Cash withdrawal

Cash withdrawal and redemption of balance from MobiKwik Wallet is prohibited under RBI Regulations.

4. Transferability

RBI Regulations prohibit transfers of Accounts and/or MobiKwik Wallets from a User to any third party.

5. Validity period

The validity period of MobiKwik Wallet is three years from the date of registration.

6. Maximum permissible period of non-use of a MobiKwik Wallet

6 (six) months from the date of registration.

How To Use Mobikwik For Quick Payments

Goodreturns.in

Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC

We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more