Axis Bank Digital Gold is a unique and innovative investment option that allows you to buy and sell gold online. It is a hassle-free and secure way to invest in the yellow metal, without the need for physical storage or worry about the purity of the gold.
What is Axis Bank Digital Gold?
Axis Bank Digital Gold is a digital platform that allows you to buy and sell gold online. It is a joint venture between Axis Bank and SafeGold, a digital platform that enables customers to buy, sell and accumulate physical gold.
The platform allows you to buy gold in small denominations, starting from as low as 0.1 gram. The gold purchased is stored in a secure vault managed by the custodian, Brink’s India, and can be sold back to Axis Bank at any time.
How to Buy Axis Bank Digital Gold?
Buying Axis Bank Digital Gold is a simple and hassle-free process. Here are the steps:
- Log in to your Axis Bank net banking account or Axis Mobile App
- Select the ‘Digital Gold’ option
- Select the quantity of gold you wish to buy
- Make the payment using your Axis Bank account or debit card
- The gold will be credited to your account instantly
Benefits of Axis Bank Digital Gold
Axis Bank Digital Gold offers several benefits over traditional forms of gold investment. Some of the key benefits are:
- Hassle-free and convenient investment
- No need for physical storage
- Safe and secure, with 24×7 monitoring and insurance cover
- High purity gold, with 99.5% purity
- Flexible investment options, starting from as low as 0.1 gram
- Transparent pricing, with no hidden charges
How to Sell Axis Bank Digital Gold?
Just like buying, selling Axis Bank Digital Gold is also a simple and hassle-free process. Here are the steps:
- Log in to your Axis Bank net banking account or Axis Mobile App
- Select the ‘Digital Gold’ option
- Select the quantity of gold you wish to sell
- The money will be credited to your Axis Bank account instantly
Things to Keep in Mind
While Axis Bank Digital Gold is a convenient and secure form of investment, there are a few things to keep in mind:
- Axis Bank Digital Gold is subject to market risks, and the price of gold may fluctuate depending on various factors.
- There may be a difference between the buying and selling price of gold, which may impact your returns.
- You may be required to pay taxes on the gains made from selling Axis Bank Digital Gold.
Conclusion
Axis Bank Digital Gold is a convenient and secure way to invest in gold. It offers several benefits over traditional forms of gold investment, such as hassle-free and convenient investment, no need for physical storage, and high purity gold. However, it is subject to market risks, and there may be a difference between the buying and selling price of gold. So, before investing in Axis Bank Digital Gold, make sure to do your research and consult with a financial advisor.