MobiKwik, a fintech firm, on Friday announced the launch of a futuristic and flexible alternative investment product “Xtra”. With zero lock-in, interest credited daily, at 12 per cent annually, and a minimum deposit of just Rs 1000, Xtra is a fresh take on Investments designed to suit the investment needs of millennials. Xtra is super flexible, enabling users to invest and earn for short bursts or extended time periods, said Mukul Saxena, CEO, Financial Services, MobiKwik.