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tvam Gold FD is a unique investment vehicle facilitated by tvam in partnership with Augmont, India’s largest gold refiner. Through Gold FD, customers can earn 4% p.a. interest on their holdings of 24K 99.99% pure gold purchased on the tvam app.

When a customer opts to invest in Gold FD, their gold holdings are leased to India’s most reputed jewellers. The jewellers furnish a guarantee equivalent to the value of leased gold and additionally pay interest at 4% p.a. in grams of gold on the qty of gold they take on lease.

tvam and Augmont ensure that your gold is leased only to highly credible and financially sound jewellers. Additionally, the lease is backed by a guarantee which can be encashed to recover your investment in the rare case a jeweller defaults.

Absolutely, tvam Gold FD is a completely legal arrangement. Jewellers borrow gold on interest from time to time for their working capital and statutory needs from public and private institutions. Now, the same opportunity is being made available to retail investors as well.

Any individual aged 18 and above is eligible to invest in Gold FD.

Minimum quantity required to participate in Gold FD is 0.04 gram.

No, KYC is not mandatory. However, customer may have to furnish PAN details in case their gold investments on the tvam app exceed 1.8L in a single financial year.

Select ‘Digital Gold’ from tvam home screen or find it in the main menu under ‘Investments’

Enter the amount to be invested in rupees or qty in gms to purchase

Make sure you have selected Gold FD toggle button to ‘Yes’

Complete your purchase journey and start earning 4% interest p.a. on your investment

3% GST is applicable only once (during purchase).

No, there’s no Lock-in period for Digital Gold FD. You can withdraw your FD anytime via tvam application by choosing to sell your digital gold holdings.

The interest earning will start 24 hours after initiating the Gold FD.

Interest is calculated in grams on the qty of gold invested in Gold FD. It is calculated on a daily basis and added to your holdings at the end of each month.

For example, if you invest 100 g of gold in Gold FD, then interest for 30 days will be = 4% * 100 *30/365 = 0.32 g

This 0.32 g is credited to your gold holding on the 1st of every month. So for the second month you may earn 4% p.a. on 100.32 g of Gold, helping you compound your earnings.

Yes, you can withdraw whenever you want without losing out on the interest. You will be able to withdraw full principal and interest accrued as of that date.

tvam has a nomination facility in the app. You can add your nominee details in the tvam application. In the unfortunate event of your death, your nominee can contact our customer support tram to access your account. They will be required to submit a proof of identity, and death certificate.

tvam will send you monthly notifications for you to stay updated with your investments. You may also view the progress of your investments on the app.

Within 24 hours of un-lease request by the user.

Jewellers are onboarded by Augmont. Augmont verifies and onboards the jewellers based on their financial record of accomplishment, overall business performance and credit & trust worthiness. These jewellers are also required to provide guarantee equivalent to the value of the quantity they intend to lease before being onboarded.

Unfortunately, no. gold FD offering is available only for the Gold that you buy through tvam application.

What advantages do jewellers gain from leased digital gold? Jewellers find leased digital gold advantageous due to its secure, convenient, and flexible nature. It eliminates the need for physical storage, reduces risks associated with storing gold, offers transparent pricing, and streamlines the jewellery-making process.

If a jeweller chooses to pay back all the gold and close out a lease, the lease gets cancelled on that, in an event like that, your principal and accrued interest till date gets transferred to your tvam gold balance.

Real-time updates will keep you informed about the performance of your investment. Additionally, you can track your lease through our user-friendly interface in tvam app.

Gold FD (gold leasing) is not regulated. However, in practice the product/investment tool is governed by stringent adherence to best-practices established by industry stalwarts.