Applying for Digital Gold Wallets

Who is eligible to invest in a digital gold wallet?

  • Anyone who has a mobile payments app is eligible to invest in a digital gold wallet.

  • You cannot invest in a digital gold wallet without a mobile payments app.

 

Learn about opening a mobile payments app here 

Please note that no payments app, broker, digital gold wallet, bank official or bank will call you or email you for any OTP, user-ID, password, PIN or any card number and CVV.

What is Financial Planning?

What are the documents required for investing in a digital gold wallet?

 

You only need to verify your identity using your PAN card to invest in a digital gold wallet.

 

Can I invest in a digital gold wallet offline? 

No, you cannot invest in a digital gold wallet offline.

How to invest in a digital gold wallet online?

 Let’s take an example of Phone Pe

  • Open the Phone Pe mobile payments app.

  • On the home screen, scroll down a little.

  • You will find a button called “Wealth” at the bottom, beside “History.”

  • The Wealth button has a rupee symbol.

  • Click on the Wealth button.

  • You will find a 24k gold button.

  • Click on that button.

  • Now, click on Start Accumulating Gold.

  • Choose if you wish to invest every month or one-time.

  • For monthly investments, the minimum value you can invest is ₹100.

  • For “One Time” investment, the minimum value is ₹1/-

  • Enter the amount.

  • Check the quantity of gold you are buying, which will appear in terms of grams.

  • Click on Proceed.

  • Check the amount you have entered.

  • Click on “Proceed to Pay”.

  • Make the Payment.

  • You can make payment through UPI, credit or debit card.

  • You can now go back to the Wealth section, click on 24k gold and track your investment.

Please note that no payments app, broker, digital gold wallet, bank official or bank will call you or email you for any OTP, user-ID, password, PIN or any card number and CVV.

 

Proceed further to know about the closing and withdrawal of Digital Gold Wallet Investment!

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