Power Bank App Real or Fake? Complete Review

Many people are suffering the loss of jobs due to COVID 19 crisis. In these unsettling times, the publicity for Power Bank Earning App is growing by leaps and bounds. This app allows you to invest from home and earn pretty well. Is Power bank app real or fake? How does this app help in making money? Read on to know!

What exactly is this power bank earning app?

The Power bank app was launched was December 2020.

It is an online earning app and the website is named Power Bank Earning App.

The power bank app owner name is Ramani Iyer, who is a JustDial co-founder and builds a smartphone power bank rental network.

You can invest money with the help of the app and complete some daily tasks to generate a good return on investment.

Power bank app details

Upon researching the website and other online platforms having details of the Power Bank Earning App, it is evident that the app owner is using crowd investing as the business model. They motivate people to make small investments and then reinvest the bulk amount generated in some other businesses (like Share Market, Forex, Online Trading, etc.), unknown to users. The profit earned from these businesses is distributed to the users as a return on their initial investment through Power Bank App.

The owner of the Power Bank Earning App claims that they are selling charging cabinets of power banks, which are leased out in the public market. The price of charging cabinets range from Rs. 300 to Rs. 1,50,000.

Users first need to install the app on mobile to buy the cabinets. Before buying, the user must recharge that particular amount with the help of different payment modes like “RazorPay” etc.

Once recharging at a specific amount is done, the user can now buy the cabinets at the desired price. Without recharging, you cannot buy the cabinet. Once this process is completed, users can view their hourly income displayed in “Total Assets”.

However, they are some buying limits for example you can buy Rs. 300 cabinet only once but you can buy Rs. 600 cabinet six times, Rs. 15000 cabinet 15 times and so on. Once the user has purchased cabinet/s, the Power Bank App pays you an hourly profit rate for 24 hours as per cabinet price.

Suppose you purchased Rs. 15000 cabinet, for which the app pays Rs. 30 per hour. For 24 hours you will earn — Rs. 720 (Rs. 30 x 24 hrs) minus Rs. 129 (18% withdrawal fees) = Rs. 591 per day). In 26 days, your invested amount turns to Rs. 15366. Even if you have received your total investment after 26 days, you will still continue to earn Rs. 591/day for the next 11 months which is your profit.

Users can withdraw the profit directly to the bank account but the withdrawal amount is a minimum of Rs 150. Sounds fishy!

Power Bank App Real Or Fake?

Is Power Bank App is Safe? No, it is not. There are many reasons, for example,

• Poorly designed app – shows incorrect money details at times

• No information about the business owner

• Registration details not found

• No systematic plan is specified.

• No direct contact details like email ID, address, phone number, social media pages, etc. available

• The withdrawal fees – 18% is too high

• Sometimes there is a reduction in the per hour profit

This raises questions about trustworthiness and safety!

We do not recommend Power Bank App for earning online, stay away from it and never share your information with them.