PhonePe on Monday, November 6, announced cashback offers on 24K Gold for the festive season of Dhanteras and Diwali 2023. Customers purchasing a minimum of ₹1,000 worth of digital gold from PhonePe, can avail up to ₹3,000 guaranteed cashback, the company said in a statement.

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This offer is valid for all one-time transactions (once per user) from November 9 to 12, 2023.

"Over 1 crore customers from 19,000+ postal codes in India have bought high purity 24K gold on the PhonePe platform at transparent prices. Customers can purchase certified 24K Gold digitally with zero making charges, and can benefit from using insured bank-grade gold lockers for free storage," it said.

Apart from one-time purchases, PhonePe said it also empowers every Indian to invest in gold digitally via systematic investment plan (SIP) to help customers invest long-term systematically.

Here's a step-by-step guide to avail this cashback offer while buying gold on PhonePe:

Step 1:

Tap ‘Wealth’ on the bottom strip of the PhonePe app homepage

Step 2: Select ‘Gold’ on the Wealth screen

Step 3: Select "Buy One Time”

Step 4: Proceed by selecting “Buy in rupees” and adding a minimum ₹1,000 worth of 24K Gold

Step 5: Check the final details of the gold purchase and click on ‘Proceed to Pay’

(Edited by : Anshul)

First Published:Nov 6, 2023 5:41 PM IST