JioFinance launches JioSilver: Digital silver investments starting at Rs 10
New offering enables users to buy and sell 99.9% pure silver digitally, invest through SIPs, and redeem holdings for doorstep physical delivery
Jio Finance Platform and Service Limited (JFPSL), which manages the JioFinance app, a diversified marketplace for financials services, including lending, insurance, investments and payments, has launched a new offering on the app called JioSilver that offers 99.9% pure, physical-backed digital silver, with investments starting at just ?10.
With JioSilver, users can:
* Buy silver digitally with purchases ranging from ?10 to ?1 lakh per transaction.
* Transact at live market-linked rates and receive proceeds from the sale directly into their bank account.
* Set up recurring Silver SIPs with the flexibility to opt for weekly or monthly SIP frequency.
* Purchase physical silver coins directly, or convert accumulated holdings into certified silver coins.
* View live silver prices, holdings and transactions through a dedicated JioSilver dashboard on the JioFinance app.
All physical silver is tested for purity in facilities accredited by the National Accreditation Board for Testing and Calibration Laboratories (NABL). Every eligible purchase also earns JioPoints, which users can redeem inside the app for brand vouchers, shopping discounts, and partner offers.
JFPSL is a wholly owned subsidiary of Jio Financial Services Limited
Commenting on the launch, Surbhe S Sharma, Chief Executive Officer, Jio Finance Platform and Service Limited, said, “Precious metals and commodities play a vital role in a well-diversified investment strategy, helping investors build resilient portfolios. While silver has traditionally been held physically, JioSilver transforms it into a transparent, safe, and hassle-free digital asset that is effortless to own and sell without the worries of storage. With this launch, we are giving JioFinance app users yet another accessible and convenient tool to invest and build wealth for the future.”
The launch of JioSilver complements JioFinance’s existing digital gold offering and further expands the investment solutions available through the app.
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