How to buy Gold through Paytm? | Buy Paytm Gold
With Paytm, you can buy gold 24 hours a day, 7 days a week, 365 days a
year, including public and bank holidays. You can buy Gold at the rate
displayed on the Paytm platform in either Rupees or grams. You can redeem accumulated gold in the form of gold coins/minted products.
You can also sell your Gold
accumulated on Paytm in either Rupees or Gram. In
this post, let us take a look at how to buy Gold through Paytm.
Features of Gold Accumulation Plan
1. The GAP allows you to purchase gold using your Paytm account for as
low as Re.1/-.
2. You can buy and sell in small fractions. For example Gold worth Re 1 and above or 0.1 gram and above.
3. You can buy gold 24x7 (24 hours a day, 7 days a week) including
public and bank holidays.
4. You can see the live rate of Gold, real-time
on Paytm platforms including website, mobile application etc.
5. You can redeem your accumulated gold in the form of gold coins/minted
products.
6. You can also sell back your gold holdings to MMTC-PAMP through Paytm
platform. This money will be credited to your bank account details provided by
you.
7. Please note that this is not a collective investment scheme or a
systematic investment plan. You will not earn any interest on your investment. Also, there is no requirement to put in monthly
installments for the same.
How to open your account for GAP?
You need to be a
registered Paytm user. Using your Paytm log in Id and password, you can access
the “Gold powered by MMTC-PAMP” plan. When you click on the “Gold” option, you
will be prompted to enter your name and expected delivery pin code. If Paytm service
the pin code entered by you, you will be enrolled in the plan. If not then you
will not be able to buy Gold through Paytm. The registration for GAP is free of cost. Any valid Paytm user can
participate in this plan.
MMTC-PAMP India Private Limited
MMTC-PAMP India Pvt. Ltd. is a joint venture between MMTC Ltd, a Government
of India undertaking and PAMP Switzerland, a global
leader in refining bullion and global referee for precious metals. For more
details, please visit: http://www.mmtcpamp.com/
How to buy Gold through Paytm?
Modes of payments
1. Paytm wallet
2. Debit and credit
cards
3. Net Banking
4. ATM Card
5. Any other mode of
payment available on Paytm platform.
The
maximum period for which MMTC-PAMP will store the Gold
You can buy and store
gold in your online account for a period of 5 years from the date of purchase. This
will be kept in safe custody. You can sell or withdraw your accumulated gold
anytime within these 5 years. After completion of 5 years period, it is
mandatory to sell or take delivery of your accumulated gold.
How to sell your accumulated Gold?
You can sell your accumulated
Gold on Paytm in either Rupees or Gram. For example, you can sell either 0.1
gram or Re 1 and above. The accumulated Gold in your account should be equal to
or higher than the quantity you want to sell. You also need to share your bank
account number and IFSC code to enable the sale
transaction. It might take up to 72 hours for the amount to get credited to your bank account.
How to get doorstep delivery?
Pay the nominal making charges and request for delivery anytime after 24
hours. You can request for all or part of your gold holding, between 1 gm and
multiples thereof. You have to choose the quantity and denomination of the gold
coins on the Paytm platform. You need to pay making and delivery charges. Your
gold product will be delivered to your address
by Paytm. You will also receive a confirmation on your Paytm registered mobile
number. You can track the delivery via your Paytm account.
Also read: Benefits of investing in mutual funds
Also read: What is NPS (National Pension System)?
Also read: SBI Recurring Deposit Account (RD Account)
Also read: Use Google Alerts to monitor your stocks and shares
If you liked this article, share it with your friends and colleagues through social media. Your opinion matters, please share your comments.
How to buy Gold through Paytm? | Buy Paytm Gold
Also read: Benefits of investing in mutual funds
Also read: What is NPS (National Pension System)?
Also read: SBI Recurring Deposit Account (RD Account)
Also read: Use Google Alerts to monitor your stocks and shares
If you liked this article, share it with your friends and colleagues through social media. Your opinion matters, please share your comments.
How to buy Gold through Paytm? | Buy Paytm Gold
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