New offering allows users to buy, sell and invest in 99.9% pure, physical-backed silver digitally
Jio Finance Platform and Service Limited (JFPSL), which manages the JioFinance app, has launched JioSilver, enabling users to invest in 99.9% pure, physical-backed digital silver starting at ₹10.
Users can purchase silver digitally for amounts ranging from ₹10 to ₹1 lakh per transaction at live market-linked rates. They can also sell their holdings and receive the proceeds directly into their bank accounts. JioSilver allows users to set up weekly or monthly Silver SIPs and provides an option to purchase physical silver coins or convert accumulated digital holdings into certified silver coins.
The JioFinance app also offers a dedicated dashboard to track live silver prices, holdings and transactions. Physical silver is tested for purity at facilities accredited by the National Accreditation Board for Testing and Calibration Laboratories (NABL). Eligible purchases also earn JioPoints, which can be redeemed for brand vouchers, shopping discounts and partner offers.
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.”
JioSilver complements JioFinance’s existing digital gold offering and expands its range of investment solutions.
