Investing in gold has traditionally been a reliable way to accumulate wealth, but the process may be discouraging and costly. The Jar app offers you a platform on your phone through which you can get involved in digital gold.
Just think about turning your daily coffee money into an investment that grows with time. If you want an easy way to secure financial future, just read this “How to Invest in Jar App” article.
Jar App
Jar is an app that allows one to save and buy fractional or small amounts of digital gold by investing little. This is done through the app by rounding up any online purchases made and investing the extra cash into 24k digital gold. Thus, it helps users accumulate a store of golden reserves over time without having to make capital expenditure upfront.
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Main features include:
- Easy Start: Begin with ₹10 only on your account to start investing.
- Auto-Investment: Investing leftover money from transactions, just like putting money into a piggy bank.
- Digital to Physical: You can have your gold physically delivered when you accumulate at least 0.5 grams of it.
- Convenient Savings: The app makes saving easy with ways such as daily savings, spin the wheel for extra savings or pause /withdraw anytime you want.
- Secure and Backed by Reputable Providers: With support from UPI service providers in India, the user can be sure of safe and reliable investments.
How to Invest in Jar App
The Jar app has made it easier to invest in digital gold than ever before. This revolutionary platform enables you to invest tiny sums of money, starting at ₹10, and automatically build your savings over time. Whether you’re new to investing or looking for a simple way to save, the Jar app is a valuable tool. Here’s a step-by-step guide for investing in the Jar app.
Step 1: Download and install the Jar application.
To begin your investment adventure, download the Jar app to your smartphone. The software is accessible in both the Google Play and Apple software Stores.
- Open the app store on your smartphone.
- Search for “Jar – Save & Invest Daily” to get the official Jar app.
- Download and install the app to your device.
Step 2: Sign up and create an account.
To begin investing, you must first install the app and then establish an account.
- Open the Jar app and select the “Sign Up” or “Get Started” icon.
- Enter your mobile number to get a one-time password (OTP) for verification.
- Enter the OTP given to your mobile device and click “Verify”.
- Create a secure PIN to protect your account.
Step 3: Link your UPI account.
To complete seamless transactions and automate your investments, connect your UPI account to the Jar app.
- Choose your favorite UPI service provider (PhonePe, GooglePay, Paytm, etc.).
- Enter your UPI ID and validate it using the on-screen prompts.
- Set up UPI autopay so that the app can automatically deduct modest sums of money from your account for investment.
Step 4: Begin saving and investing.
Now that your account has been set up and linked to your UPI, you can start investing in digital gold.
- Choose a savings plan: You can choose how much you wish to save each day. It can cost as little as ₹10 or more, depending on your financial situation.
- Enable automatic savings: Jar will round up your daily online transactions to the nearest sum and invest the leftover change in 24K digital gold.
- The app lets you keep track of your daily saves and gold accumulation.
Step 5: Redeem or withdraw your gold.
Jar gives you the freedom to redeem and withdraw your digital gold whenever you choose.
- Click the “Withdraw Funds” option in the app.
- You can either redeem your digital gold for cash or request actual gold delivery (available once you have accumulated 0.5 grams or more).
- To finish the withdrawal process, simply follow the instructions on the screen. The funds will be credited immediately to your associated bank account.
Step 6: Discover Additional Features
The Jar app provides various more options to improve your saving experience:
- Spin the Wheel: After every transaction, you have the opportunity to spin the wheel for additional gold savings.
- Invite Friends: Earn points by inviting friends to use the Jar app. Earn up to ₹500 in free gold with each successful referral.
- Ready Cash: Jar’s Ready Cash function allows qualifying customers to borrow up to ₹5 lakhs, similar to a credit card.
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- How many people are using the Jar app?
Over 4.7 million users.
- How old is the Jar app?
The Jar app was founded in 2021, making it 3 years old as of 2024.
Conclusion
Investing in the Jar app is a wonderful method to begin accumulating cash with no effort. By automating your savings and investing in digital gold, you may continuously develop your holdings without making a large initial investment.
Whether you want to save for a rainy day or invest small sums on a daily basis, the Jar app offers a simple and practical option. Download the app today and begin your journey to financial security with digital gold!
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