How do I withdraw my FMPP?

How do I withdraw my FMPP?

While choosing an FMPP plan, you select a term of 12, 24, 36, 48, or 60 months, and the closure date is set accordingly. Upon closure, the amount is credited to your LenDenClub account balance. You can then transfer it to your bank account.

 

Kindly note closure of FMPP is subject to your response to the “Auto-renew” option.


    • Related Articles

    • How do I withdraw funds post maturity of FMPP?

      The amount will be credited to your investor account balance after the closure of your FMPP Investment, provided you have turned off auto-renewal for the individual FMPP. You can then place a withdrawal request by login to your account and the amount ...

    • What is FMPP?

      FMPP stands for Fractional Matchmaking Peer to Peer Plan. It is an Alternative Investment instrument curated exclusively for Indian investors seeking portfolio diversification through Peer-to-Peer Lending.

    • Who can invest in FMPP?

      All Indian citizens (Age: 18 years or above) with valid PAN, Aadhar, and Bank accounts can invest in FMPP. NRIs (Age: 18 years or above) with an NRO bank account and KYC as per RBI guidelines can also invest

    • How can I invest in FMPP?

      You can start your investment journey in 3 simple steps: · Visit the LenDenClub website or download LenDenClub App from Playstore or App store, and register as a lender with us by providing basic KYC details. · Post registration, proceed to the FMPP ...

    • What is the previous track record of returns in FMPP?

      All FMPP investors have earned above 10% annualized returns. P2P investment is subject to repayments from individual borrowers. However, FMPP minimizes credit risk through hyper-diversification of invested funds.