This Dhanteras Airtel Payments Bank to offer Digital Gold at Re 1

With the festival of lights Diwali is around the corner. The celebrations have started and come in full swing from Dhanteras. Dhanteras marks the first day of the five-day-long Diwali festival. Buying gold on Dhanteras is considered auspicious. While buying physical gold is good, there’s also the option of buying and investing in digital gold.
What is digital gold
Buying digital gold is another way of investing in physical gold. The only difference is the gold purchased online and is stored in insured vaults by the seller on behalf of the customer. The users can buy or sell 24 karat Hallmark gold for as low as Re 1. Some sellers also give options of home delivery, if customers want to keep the purchase with them. After making the payment, buyers get an invoice and the said quantity reflects under vault balance in their account with the service provider. Customers can sell this gold at any time at live market rates, in either rupees or grams.

Companies offering digital gold
In India, three main companies offer digital gold – MMTC-PAMP India Pvt Ltd, Augmont Gold Ltd, and Digital Gold India Ltd with its SafeGold brand. Airtel Payments Bank offers DigiGold in partnership with SafeGold, the leading provider of digital gold. With DigiGold, Airtel Payments Bank customers can invest in 24K gold within two minutes through the Airtel Thanks app. This gold purchased by customers is stored securely by SafeGold at no additional cost. Customers can also gift DigiGold to their family and friends, who have a savings account with Airtel Payments Bank.
Steps to buy DigiGold on from Banking section on Airtel Thanks app:
Step 1: Click on the DigiGold icon and select ‘Buy Gold’ icon
Step 2: Select to buy DigiGold in grams or enter the amount of your choice
Step 3: Make the payment to complete the transaction
Step 4: Avail transaction receipt with details and see purchased digital gold in your account.