Growpital Review- (Overview, Pros & Cons, Alternative, Complaints, FAQs) | Growpital Alternative | Growpital is safe or not | Is Growpital RBI Approved?
If you want to earn a return of 11% to 14%, Growpital can be your best platform. In this post, I will do a Growpital Review so that you can decide whether to dump your money in this or not.
Growpital uses the investors’ money to provide them with a fixed rate of returns. The company is doing very well in its segment and provided investors with up to a 14% rate of returns. But there are certain things which can be good as well as bad for you.
The company is partnered with Zetta Farms and invests investors’ money into the farm to produce crops and distribute the remaining profit to the investors. So the question is this, Is Gropital safe? Or Is Growpital RBI approved? The answer to all these questions will be known in this Growpital Review post.
Growpital Overview
Growpital is partnered with Zetta Farms who invest investors’ money in the agriculture sector. Rituraj Sharma founded the company intending to modernize the agriculture sector and improve its productivity. The company also enables investors to earn up to 14% of returns by investing from the Growpital app.
The company is currently managing more than ₹200 crore and delivered up to 14% returns to the investors. The farm is spread across 14+ states and covers 20000+ acres of area. The farm is cultivating more than 70 crops and they aim to maximize productivity by diversifying the crop plantation.
But the worst thing about the company is that Growpital is not SEBI or RBI-approved. So there are certain risks that you will have to face while investing in this platform. By the way, the company is managing hundreds of crores of rupees which is trusted by lakhs of investors. So you can feel free to invest from the Growpital website.
Pros of Growpital
Some pros of Growpital are as follows –
- The platform enables users to earn up to 14% of returns.
- The company invests the money in agriculture in which the chances of default are less.
- You do not have to pay any taxes in your interest returns.
Cons of Growpital
- Some Cons of Growpital are as follows –
- The company is not SEBI or RBI-approved.
- The platform is not that trustworthy, so you need to invest at your own risk.
Growpital Review
Growpital is a great investment option for diversifying your investment options. It is rated 4.6⭐ so you can think how much trustworthy it is. The company invests your money in Agriculture and harvests money from it. By the way, the company is not SEBI or RBI registered so you can face some problems from it.
Some of the reviews given by Gropital investors are as follows –
Surya Das – “The company is very good. Invest returns are also mentioned on this site. But there are some problems with the website. Overall, it is a good platform.“
Priya Kumari – “Not recommended for anyone because it is unsafe. The customer support is not so good. It took so many hours to withdraw money. So I do not recommend it for anyone.“
Radhika Rathore – “Good platform to put your money on work. Just GOP through it👍 ”
Growpital Alternative
Some of the Growpital alternatives are –
- Mobikwik Xtra – This is a great alternative in which you can earn up to 12% annual returns. MobiKwik is not RBI licensed or NBFC-approved platform so you can feel free to invest in it.
- Grip Invest – Grip Invest enables investors to earn up to 16% returns per year. The company is SEBI-registered so you can feel free to invest in it.
- 12% Club – This company is partnered with Lending Club. The company offers 12% interest to the investors annually. Along with this, you can also borrow money from the 12% club @12% per year.
Conclusion
Growpital is a good platform for investment. Many investors are already invested in it. As mentioned on its website, the company currently manages more than 200 crore rupees, giving up to 14% investment returns.
If you have any questions regarding this App then you can ask via comments. I hope You have loved reading this article, if possible then don’t forget to share it with friends.
FAQs
Is Growpital safe or not?
According to us, Growpital can be a safe investment option. But the thing is, Growpital is not SEBI or RBI-approved so it carries some risk.
Is Growpital RBI approved?
No, Growpital is not an RBI-approved company.
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