On the auspicious occasion of Dhanteras, the Jio Financial Services which is a non-banking financial company (NBFC), announced that customers can now buy digital gold by investing in SmartGold through the JioFinance app. Customers can start investing in digital gold anytime, with a minimum amount of Rs 10.
According to the press release, “SmartGold offers customers a completely digital, secure, and seamless process for buying gold and redeeming their investments in exchange for cash, gold coins, or gold jewellery. Customers can now invest in digital gold anytime, anywhere, starting as low as Rs 10.”
Further, “customers can also choose flexible options to buy SmartGold in denominations of rupees or grams. They also have the option of directly purchasing gold coins from the digital platform and having them delivered to their doorstep,” the release added.
Customers can redeem their SmartGold units for cash or physical gold anytime they wish. The delivery of physical gold is available for holdings of 0.5 gm and above, in denominations of 0.5 gm, 1 gm, 2 gm, 5 gm, and 10 gm.
The NBFC recently launched the JioFinance app, offering a range of services, including loans, savings accounts, Unified Payments Interface (UPI) bill payments, recharges, digital insurance, financial tracking and management tools, and more.
Those interested in the digital savings account from Jio Payments Bank Ltd (JPBL), may get their account opened five minutes. The digital saving account is secure with biometric authentication and a physical debit card.
The JioFinance app which provides customers with a aggregate view of their holdings across different bank accounts and mutual fund holdings, also offers 24 insurance plans, covering a comprehensive suite of life, health, two-wheeler, and motor insurance options. All these facilities can be accessed digitally.
