Paytm, owned by Noida headquartered One 97 Communications Limited, has announced that its Paytm Gold offering has extended doorstep delivery of physical gold across. In a press release, Paytm said that Paytm Gold will not deliver physical gold across more than 12,000 pin codes.
Paytm offers Paytm Gold in partnership with MMTC-PAMP, which is a joint venture of MMTC Ltd and Switzerland-based MKS PAMP SA.
Paytm allows digital gold balances to be redeemed into physical gold, which in turn gives more flexibility and control over gold savings.
As per the press release, nominal making and delivery charges are applicable at the time of redemption of physical gold.
On the Paytm app, 24-karat digital gold can be seamlessly purchased starting at Rs 51. The price is based on live market prices.
Paytm Gold: Physical delivery of gold - STEPS
● Open the Paytm app and search for Paytm Gold
● Select ‘Withdraw Gold’ and choose the option for ‘Physical Gold Delivery’
● Select the desired quantity in grams or value
● Review applicable making and delivery charges
● Enter and confirm the delivery address
● Proceed to confirm the request and complete authentication
● The physical gold coins is processed and delivered to the doorstep within the supported pin codes
Additionally, Paytm also offers Daily Gold SIPs, allowing small, regular investments to its users.
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