Jio Finance Launches SmartGold Plan: Buy Digital Gold Starting at Just Rs 10
Delhi News
Dhanteras 2024: Jio Launches SmartGold Scheme for Affordable Digital Gold Investment
Ahead of the festive season, particularly the auspicious occasion of Dhanteras, Jio Finance Services Limited has introduced an innovative scheme called SmartGold. This new initiative allows users to purchase digital gold seamlessly through the Jio Finance app with an entry cost as low as Rs 10. Let’s dive deeper into how this scheme works and its benefits.
Gio’s SmartGold Scheme: Affordable and Flexible
Under the newly launched SmartGold scheme, customers can buy digital gold and redeem their investments in various forms, including cash, gold coins, or jewelry. This scheme provides flexibility that makes gold investment more accessible and user-friendly, especially for those looking to invest small amounts. Unlike traditional gold purchases that often require substantial sums, SmartGold offers a low entry point, allowing gold purchases starting from just Rs 10.
This affordability allows more people to invest in gold and benefit from its long-term value. SmartGold units received through investments can be easily converted to physical assets or cash, making it a practical option for those who want to diversify their investment portfolio without significant upfront costs.
Convenient Gold Booking and Delivery Options
One of the SmartGold scheme’s standout features is its convenience in terms of booking and delivery. Users have two main options for purchasing gold via the Jio Finance app:
- Investment by Amount: Customers can decide on a specific amount of money they wish to invest.
- Investment by Weight: Alternatively, users can choose to invest in gold by specifying the weight they want to buy (in grams).
For customers who wish to receive physical gold, converting digital units into tangible gold is available, provided the investment meets the minimum threshold of 0.5 grams. Gold will be delivered in denominations of 0.5 grams, 1 gram, 2 grams, 5 grams, and 10 grams. Additionally, customers can opt for the convenience of home delivery when purchasing gold coins directly through the app. This feature adds a layer of ease for those who prefer the security and satisfaction of owning physical gold without visiting a store.
Security and Market Prices
Jio’s SmartGold scheme prioritizes customer security by safeguarding all gold investments. Once an investment is made, 24-carat gold equivalent to the invested amount is stored securely in an insured vault. This eliminates the need for customers to worry about handling and safeguarding their gold and mitigates the risk of theft. The app also provides live market prices of gold, allowing customers to monitor price trends and make informed decisions about their investments anytime.
This structure offers peace of mind by ensuring the gold remains protected until the customer decides to redeem it. The combination of real-time gold pricing and insured storage makes SmartGold a convenient and trustworthy option for digital gold buyers.
How to Purchase Gold Through the Jio Finance App
Buying gold via the Jio Finance app is designed to be simple and user-friendly. Customers can follow these straightforward steps:
- Download and Open the Jio Finance App: Ensure you have the latest version of the app installed on your smartphone.
- Navigate to the SmartGold Section: Find the SmartGold feature within the app.
- Choose Your Investment Method: You can invest by a specific amount or by weight (grams).
- Complete Your Purchase: Follow the prompts to complete your transaction. The app will show the live price of gold, enabling customers to make purchases based on current rates.
- Secure Storage Confirmation: Once your transaction is complete, the app will confirm that your 24-carat gold is safely stored in an insured vault.
This seamless process allows users to invest in gold without needing physical handling while still having the option to convert digital gold into physical assets when desired.
About Jio Finance Company
Jio Finance Platform and Service Limited is the financial arm of Reliance Industries, led by Mukesh Ambani, Asia’s richest man. Jio Financial Services Limited, the parent company of Jio Finance Platform and Service Limited, is listed on the stock market and focuses on providing innovative financial solutions to consumers. Through the SmartGold scheme, Jio Finance aims to extend its commitment to democratizing access to financial services and investments.
The Jio Finance Services Limited SmartGold scheme is an excellent opportunity for individuals looking to invest in gold without the traditional barriers of high costs and storage concerns. With its user-friendly interface, minimal investment requirements, and secure storage solutions, SmartGold is set to attract a wide range of customers who want a convenient and safe way to diversify their assets. On this Dhanteras, consider taking advantage of Jio’s SmartGold plan to start or expand your gold investment journey.
