The dynamics of our country, our India is changing. The economic slowdown, the inflation and impending recession — all of this has awakened a wave of financial awareness among the people to be prepared for the worst of scenarios, whether it be the COVID-19 or the changing economic scenarios, and the upcoming recession. Slowly, people are waking up to the need of investing on time and that is giving rise to investment opportunities in property and gold. However, not everyone can afford to be invested in them, owing to the monetary commitments involved, and that is why they look for substitutes. Here's where early investors have an option to invest in digital gold — a more affordable way of investing in gold.
What is digital gold?
Well, digital gold simply refers to the mode of buying gold via digital channels such as the internet, which is stored in a locker on your behalf with one of the available gold banks. It is a more convenient and easy going alternative for those who want to be invested in gold but are looking for cheaper ways to do the same.
Investors can easily buy, sell or get the gold delivered to their doorstep. With the evolving startup ecosystem in India, notable digital gold investment startups like the Jar App, have made investing in Digital gold — fast and easy. There's no minimum amount to invest in digital gold and users can start from amounts as low as ₹1 which makes investing in digital gold easy and affordable for the layman.
What makes investing in digital gold via Jar App, fast & easy?
Well, users can invest in digital gold with Jar App in 45 seconds because of the great and user-friendly interface of the app, plus the easy onboarding procedure that makes it easy to start your investment journey with digital gold. The Jar App is backed by the NPCI and supported by some of the best UPI service providers in the country, which makes the payments seamless with easy investing, as and when needed. Moreover, one can buy up to 30 grams of digital gold without KYC which makes your Investments kickstart in a go! However, you would need your KYC to sell the gold or get it delivered to your doorstep, so it is advisable to keep the right details updated for easy access.
How to invest in digital gold via the Jar App in 45 seconds?
Investing in digital gold via the Jar App is fast and easy. All you need is a smartphone and the mobile number registered with your bank, to get started. Here are the steps you can follow to get started with investment in digital gold —
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Install the Jar App from the playstore, and sign up with your mobile number.
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Enter basic details like name, age and gender.
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Allow the necessary permissions.
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Pay Via UPI or set up an automatic UPI eNACH mandate for automatically saving in digital gold every time you make an online purchase.
Setting up daily investment allows you to save daily on the go.
Jar App detects online transactions via your SMS permissions and rounds it off to the nearest 10s or 5s to make the journey easy for you.
Overall, Jar App is an incredible option for anyone looking to start their investment in digital gold. Digital gold is touted as the next big investment instrument for the Gen-Z as it offers flexibility while investing in one of the most precious asset classes on the planet. Gold is a secure bet, owing to its history of rising prices over the years, something that it has retained over the last 92 years! Thus, digital gold comes across as a welcome move as it provides millennials an opportunity to get the same gold in smaller quantities, with no caps on minimum investment amounts — thus making it a great option for anyone who wants to get started with gold but on a budget.