How to buy gold on EMI using debit card or UPI? - Indiagold | Best place to buy gold online
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How to buy gold on EMI using debit card or UPI?

The famous author Devdutt Pattanaik in one of his videos explains the importance of gold in Indian weddings using the concept of ‘Solah Shringaar’ and ‘Sashti Poorthi’. He emphasizes that as per Hindu culture, the bride is said to wear gold as a sign of her bringing prosperity and good fortune to the household. Given the high price of gold these days, especially in cities like Delhi and Mumbai however, it seems like one needs to be prosperous already to buy gold. But, not any more!

On the indiagold app, available on Google Playstore, it is now possible to buy beautiful BIS Hallmark 22 karat and 24 karat gold chains, gold necklaces and gold coins at attractive 3, 6 and 9 month Equal Monthly Installments (EMIs).What’s even better is that this is possible at a 0% interest and it can be safely delivered to your home directly! 

There are 3 main parts in an EMI. The first is the value of the product on which EMI is taken. This is called the principal. The second is the rate of interest, which in this case is 0%! The next is the time frame in which EMI is supposed to be completed. 

Here are the steps that explain how this works:

Step 1: Download and install the indiagold app on your android phone.

Step 2: Click on “Gold EMI” section on the indiagold app and browse through the range of options available. If you are looking to physical gold as a form of savings then consider buying gold coins or gold bars. However, if you are preparing for a wedding, or just want to gift gold browse through a range of gold necklaces, gold earrings, and gold chains. All the prices displayed are the downpayment for a 9 month EMI. Note that these prices can vary as per the product and the time frame selected for an EMI.

Step 3: Click on the product you would like to buy. You will find the BIS Hallmark logo which guarantees the purity of the gold and you can also choose the products by their purity levels – either 22 karat or 24 karat.

Step 4: Select the duration of the EMI  you want to buy gold online at. You can make the full payment and buy the gold online instantaneously or select from 3/6/9 month EMI plans. The price for the same can vary depending on the month. The insurance for the gold is covered till the time it reaches your address.

Step 5: Make the downpayment using any of the common debit cards, depending on your choice or you could make a bank payment or pay using UPI through apps like Google Play, Paytm and PhonePe. Also, don’t forget to add the address to which the gold needs to be delivered.

Step 6: Before every installment which is due, you will get a reminder to make the payment. You can also choose to make all the payments in one go and avail immediate delivery if you want. At the end of the last EMI payment for the gold, select the delivery address. 

Final Step: Order the delivery! Your gold jewellery or gold coin would reach you in 8-10 working days. The gold is completely safe and insured till it is delivered to your doorstep. 

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