Overview: Jio Financial Services Introduces SmartGold for Simple Gold Investments
Jio Financial Services Limited (JFSL) has launched SmartGold, a new way for users to invest in gold digitally through the JioFinance app. With a minimum investment of just ₹10, users can purchase 24-karat gold securely, right in time for Dhanteras. SmartGold keeps the gold safe in insured vaults, and customers can redeem it for cash or physical gold anytime.
How SmartGold Makes Gold Investment Easy
SmartGold provides a fully digital and user-friendly way to buy gold. Through the JioFinance app, users can invest in gold by rupee amount or by weight, with options like 0.5 gm, 1 gm, 2 gm, 5 gm, and 10 gm. They can also buy gold coins for delivery to their doorstep, making gold investing simpler and more transparent.
Main Features and Benefits of SmartGold
- Low Starting Investment: Invest in gold from just ₹10, making it accessible to everyone.
- Flexible Options: Choose from different amounts, whether you prefer to buy by price or weight.
- Real-Time Gold Prices: The JioFinance app shows live gold prices so users can make smart investment choices.
- Easy Redemption: Redeem your gold for cash or as physical gold, with delivery options for amounts starting at 0.5 gm.
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SmartGold is part of a broader set of financial tools from JFSL, including loans, savings accounts, insurance, and money management tools. The JioFinance app also features secure login with biometric options and a clear overview of all accounts, making financial management easier for users.
Reliance’s Expansion: Full Ownership of Faradion
The launch of SmartGold aligns with Reliance Industries’ bigger plans. Recently, Reliance New Energy (RNEL), a subsidiary of Reliance, acquired full ownership of Faradion, a UK-based battery technology company. This move supports Reliance’s growth in both energy and financial services.
In Summary: SmartGold Brings Modern Gold Investing to India
SmartGold offers a new, easy way to invest in gold digitally, with flexible, secure options. This launch supports JFSL’s vision of creating a digitally connected financial service for everyone.
