PhonePe will definitely be in our phones, as almost everyone pays using UPI. But there is some good news for PhonePe users.
PhonePe has announced a special cashback offer on the purchase of 24 carat digital gold on the occasion of Dhanteras. Customers purchasing 24 carat digital gold worth ₹2,000 or more through the PhonePe app will get a flat 2% cashback, subject to a maximum limit of ₹2,000.
Offer Availability:
This cashback offer is valid only till October 18, 2025. Time: 12:00 AM to 11:59 PM. This offer is valid for a single transaction. The minimum purchase value is ₹2,000. Each user can avail this offer only once. On the PhonePe platform, users can purchase 24-carat gold with 99.99 percent purity. This gold is provided by leading companies like MMTC-PAMP, SafeGold, and Caratlane.
PhonePe is offering its users the opportunity to invest in digital gold through a daily or monthly SIP plan. The plan is designed to encourage long-term investment. According to PhonePe’s announcement, users can invest any amount starting from ₹5. They can sell their gold at any time and have the proceeds deposited directly into their bank account.
On the PhonePe homepage, select the ‘Digital Gold’ option. Then tap on the ‘Buy Digital Gold’ option. Select the “Buy in Rupees” option and add a minimum of Rs 2,000 worth of 24 karat gold. Confirm the purchase details and click on the ‘Proceed to Pay’ button. With this, the transaction will be completed and the cashback will be eligible.
Meaning of Digital Gold – Digital gold is a way to buy, sell and store gold online. The gold purchased by the consumer is securely stored with a physical gold provider of equivalent value.
Benefits of buying digital gold – Convenience of buying gold anytime, anywhere. Security ensured through free bank-level locker facility. Opportunity to buy pure gold without manufacturing costs. Safe and easy online process. Convert digital gold into physical gold.
Once a user deposits at least 0.5 grams of gold, it can be exchanged for gold coins or jewellery. Small making charges and delivery fees apply for this exchange. Users can also sell their gold and get it deposited into their bank account instantly. This offer, announced by PhonePe on the occasion of Dhanteras, offers users a number of benefits including additional cashback, easy investment options and safe gold storage. Starting with a small investment, everyone can easily achieve long-term financial security through this scheme.
