Spenny said in a statement Tuesday that it is phasing out the current Spenny Android and iOS apps by April 21, 2023. Spenny has also advised its users to withdraw or migrate funds. “As part of our future roadmap, we have decided to phase out our current Spenny Android and iOS apps by April 21, 2023,” it said.
Spenny said in a statement Tuesday that it is phasing out the current Spenny Android and iOS apps by April 21, 2023. Spenny has also advised its users to withdraw or migrate funds. “As part of our future roadmap, we have decided to phase out our current Spenny Android and iOS apps by April 21, 2023,” it said.
“We know this change may cause you some inconvenience and we sincerely apologize for it. It wasn’t an easy decision for us, but we believe it is necessary,” Spenny said on his website.
“We know this change may cause you some inconvenience and we sincerely apologize for it. It wasn’t an easy decision for us, but we believe it is necessary,” Spenny said on his website.
“We want to assure you that all your funds are completely safe. However, please note that Spenny is no longer accepting new deposits. We encourage you to withdraw or migrate your investments before the specified deadline,” the company said in an announcement.
“We want to assure you that all your funds are completely safe. However, please note that Spenny is no longer accepting new deposits. We encourage you to withdraw or migrate your investments before the specified deadline,” the company said in an announcement.
Customers who have invested in digital gold should sell their gold through the app and redeem their funds and settlement will be processed within 7-10 business days at most. While clients who have invested in mutual funds have two options for managing their investments, they can either withdraw their funds from the Spenny app or transfer them to Groww. “Once you transfer your mutual funds to Groww, you can keep them for as long as you like and sell them at any time using the Groww app. If you decide to withdraw, you should receive your money in 10 business days or less,” said Spenny.
Customers who have invested in digital gold should sell their gold through the app and redeem their funds and settlement will be processed within 7-10 business days at most. While clients who have invested in mutual funds have two options for managing their investments, they can either withdraw their funds from the Spenny app or transfer them to Groww. “Once you transfer your mutual funds to Groww, you can keep them for as long as you like and sell them at any time using the Groww app. If you decide to withdraw, you should receive your money in 10 business days or less,” said Spenny.
Client funds have been and will remain invested with Lendbox, a P2P NBFC subject to RBI regulation. From April 5, 2023, they can use Lendbox to access their funds instantly. If customers choose to switch to Lendbox, they continue to receive the same interest rates of up to 10% annually; This is a unique offering made possible by the Spenny-Lendbox collaboration.
Client funds have been and will remain invested with Lendbox, a P2P NBFC subject to RBI regulation. From April 5, 2023, they can use Lendbox to access their funds instantly. If customers choose to switch to Lendbox, they continue to receive the same interest rates of up to 10% annually; This is a unique offering made possible by the Spenny-Lendbox collaboration.
“Note that your funds will be migrated on April 5th and will appear in your Lendbox account from that day. In the meantime, you don’t have to do anything,” it said.
“Note that your funds will be migrated on April 5th and will appear in your Lendbox account from that day. In the meantime, you don’t have to do anything,” it said.
Customers can use the Spenny app to withdraw their funds if they wish. You should expect the funds to appear in your account in no more than 7 to 10 business days. All products including Spenny Wise, SIP, and goal-based investing should no longer have lock-ins. Withdrawals will only be available on Lendbox platforms from April 5th.
Customers can use the Spenny app to withdraw their funds if they wish. You should expect the funds to appear in your account in no more than 7 to 10 business days. All products including Spenny Wise, SIP, and goal-based investing should no longer have lock-ins. Withdrawals will only be available on Lendbox platforms from April 5th.
