Everything You Need to Know About DigiGold

Historically, gold has been one of the favourite investment instruments for Indians, although majorly for traditional reasons. From a pure investment point of view, while returns on gold investment might not be at par with the stock market, putting your money in gold has its own perks such as high liquidity, protection against inflation and risk mitigation if you are heavily invested in the stock market.

What is DigiGold?

Gone are the days when you had to physically visit a jewellery shop and buy gold. If you are looking at gold from a pure investment perspective, nowadays, with the advent of technology you can invest in gold from the comfort of your home. All you need is your mobile phone and a working internet connection. Airtel Payments Bank has partnered with SafeGold- India’s leading digital gold provider to facilitate the digital trade of gold. With DigiGold, Airtel Payments Bank savings account holders can invest in 24K gold via the Airtel Thanks app.

Benefits of Buying DigiGold with Airtel Payments Bank

Investing in DigiGold has a number of advantages. Some of the benefits that you enjoy if you buy DigiGold via the Airtel Thanks app are:

  • No Minimum Investment Value: There is no minimum investment value requirement if you buy DigiGold through Airtel Payments Bank. You can start your investment journey with as low as ₹1.
  • High Liquidity: You can buy or sell DigiGold on Airtel Payments Bank at any time of your choice. Moreover, you can even get physical gold delivered at your doorstep in the form of gold coins or gold bars.
  • 24K 99.5% Pure Gold: As Airtel Payments Bank has partnered with SafeGold, you get 24K 99.5% pure gold. The gold purchased is securely stored in the Brinks vault.
  • Competitive Pricing: You get the best pricing on your gold purchases if you invest in DigiGold through Airtel Payments Bank.

How to Buy DigiGold?

If you are an Airtel Payments Bank savings account holder, you can easily buy DigiGold via the Airtel Thanks app. Here is a step by step guide to help you start your DigiGold investment journey:

Step 1: Open the Airtel Thanks app on your smartphone.

Step 2: Navigate to the banking section on the app.

Step 3: Tap on the DigiGold icon.

Step 4: Tap on the Buy Gold icon.

Step 5: Now you can choose to make your purchase by entering either the grams of gold you wish to purchase or the amount you want to invest.

Step 6: Once you have entered the amount you wish to invest or the grams of gold you want to buy, you will be prompted to enter your mPIN to complete the transaction.

Step 7: The requisite amount shall be deducted from your Airtel Payments Bank account and you will be able to view the transaction receipt on your smartphone screen.

Frequently Asked Questions

What is the purity of the gold purchased through Airtel Payments Bank?

The gold purchased through Airtel Payments Bank is 24K 99.5% pure gold.

What are the minimum and the maximum amount of gold that I can buy?

There is no minimum limit on the amount that you can invest in DigiGold. You can start with as little as just ₹1. As far as the maximum limit is concerned, you can have a maximum balance of 25 grams in your account at a given time.

Is there a lock-in period for DigiGold investments?

No, there is no lock-in period. You can sell your DigiGold anytime. There is also no minimum selling value requirement.

Can I withdraw DigiGold as physical gold?

Yes, you can always request the physical delivery of the gold that you own. The gold will be delivered as coins or bars.

Where is the physical gold delivered?

The physical gold is delivered as gold coins or gold bars at your registered address as provided by you and confirmed while making the delivery request.