Bank, Payments & Security

Can I invest by cheque or by cash?
No. MobiKwik Money is an internet-based platform. So you can invest online using Netbanking or our auto-pay (bank mandate) service.
Wed, 14 Jul, 2021 at 1:48 PM
What is Netbanking?
Netbanking allows you to authorise transfer of funds from your bank account immediately and make investments on the same day. Once you decide to m...
Thu, 19 Jan, 2017 at 12:21 PM
I don’t have Netbanking enabled on my bank account. Can I still use MobiKwik Money?
Yes. If you don’t have Netbanking enabled on your bank account, don’t worry. Your bank mandate allows us to automatically debit your account based on you...
Wed, 14 Jul, 2021 at 1:50 PM
How come MobiKwik Money only uses online payment methods?
We do this because automation allows us to cut out all the expensive costs - all the marble office buildings, the physical locations, the excess of clerks...
Wed, 14 Jul, 2021 at 1:51 PM
What payment methods do you allow?
We allow you to pay for your investments using two methods: · NETBANKING: as long as you have an internet banking account and you have activated this by...
Wed, 14 Jul, 2021 at 1:52 PM
Why can’t I invest using my credit card?
You can only invest in mutual funds using a verified bank account. Indian legal regulations don’t allow you to purchase mutual funds with your credit card...
Thu, 19 Jan, 2017 at 12:24 PM
What is the difference between AUTO-PAY and FLEXI-SIP?
AUTO-PAY is one of the payment options (besides Netbanking) when you make a one-time investment through MobiKwik Money. It allows us to automatically trans...
Wed, 14 Jul, 2021 at 1:56 PM
Why do you need my bank account details?
Three reasons: 1. When you begin, we need to verify that the bank account you are making investments from belongs to you. 2. When you invest, we need t...
Wed, 14 Jul, 2021 at 2:00 PM
What is a bank mandate?
A bank mandate is a written order to a bank, asking it to allow MobiKwik Money to transfer funds from your bank to the Mutual Fund Company in accordance wi...
Wed, 14 Jul, 2021 at 2:03 PM
Why is a bank mandate needed?
Bank mandate is a secure auto-pay facility that allows us to automate the process of investing without any messy paperwork like filling up a form and depos...
Thu, 30 Aug, 2018 at 12:33 PM