Airtel Payments Bank has introduced the launch of DigiGold in partnership with ProtectedGold, a number one supplier of digital gold. As a part of its progress of digital companies, Airtel Payments Bank’s financial savings account clients with DigiGold can make investments in 24K gold utilizing the Airtel Thanks app. The telco says that clients may reward DigiGold to their household and mates, who’ve a financial savings account with Airtel Payments Bank. The gold bought by clients is saved “securely” by SafeGold at no additional cost and can be sold through the Airtel Thanks app at any time in just a few clicks. Airtel adds there’s no minimum investment value requirement, and customers can start with as low as one rupee.
Speaking over the development, Ganesh Ananthanarayanan, Chief Operating Officer at Airtel Payments Bank, said DigiGold is the company’s latest addition to the neo-banking proposition of secure and value-driven products. “Our customers can now invest in gold through a seamless digital journey on our app. We also plan to introduce Systematic Investment Plans to enable customers to invest regularly,” the senior Airtel government mentioned in a press release. Gaurav Mathur, managing director at ProtectedGold lauded the partnership and mentioned gold stays part of each Indian’s funding portfolio. “Gold has seen a resurgence over the previous 12 months because the financial savings instrument of selection, and we’re proud to have partnered with Airtel Payments Bank to supply clients vary of digital gold-related merchandise in the style and worth of their selection,” he added.
As mentioned, to use the feature, customers will need to create an account with Airtel Payments Bank. To create an account, open the Airtel Thanks app on your smartphone or visit the website > Enter your mobile number > Go to Bank section > Submit ID proof > Verify OTP. Recently, Airtel Payments Bank increased its savings deposit limit to Rs 2 lakhs in line with RBI guidelines. It now offers an increased interest rate of 6 percent on deposits between Rs 1 – 2 lakhs.
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