New Delhi, April 17 (NationPress) Paytm (One 97 Communications Limited), the leader in comprehensive merchant payments serving MSMEs and enterprises and a prominent player in financial services distribution, announced on Friday that its Paytm Gold service has broadened the availability of physical gold delivery to over 12,000 pin codes. This initiative facilitates the straightforward conversion of digital gold into 24-karat gold coins, making purchasing and receiving gold more accessible nationwide.

In partnership with MMTC-PAMP, a collaboration between MMTC Ltd., a Government entity, and Switzerland’s MKS PAMP SA, Paytm Gold allows users to redeem their digital gold balances for physical gold, offering enhanced flexibility and control over their gold savings. During the redemption of physical gold, nominal making and delivery fees apply.

Users can effortlessly buy 24-karat digital gold via the Paytm app starting from just Rs 51, based on current market rates. This makes investing in a reliable asset like gold simple, with the option for doorstep delivery when converting to physical gold. Each purchase is underpinned by equivalent physical gold stored in insured, high-security, bank-grade vaults managed by MMTC-PAMP, without any storage fees, ensuring a secure and dependable ownership experience. Additionally, users can sell their digital gold balance at any time based on live market prices, ensuring liquidity and the ability to exit as necessary.

A spokesperson for Paytm stated, “Gold holds a special place in India’s culture, especially during Akshaya Tritiya. With Paytm Gold, we are simplifying the process of converting digital gold to 24-karat physical gold and delivering it directly to homes across the nation. This empowers individuals to save in gold according to their preferences.”

To avail physical delivery of Paytm Gold through the Paytm app, follow these simple steps:

● Launch the Paytm app and search for Paytm Gold

● Click on ‘Withdraw Gold’ and select ‘Physical Gold Delivery’

● Choose the amount in grams or value

● Review the applicable making and delivery charges

● Enter and confirm your delivery address

● Complete the request confirmation and authenticate your identity

● The physical gold coins will be processed and delivered to your doorstep within the supported pin codes.

Paytm also provides Daily Gold SIPs, allowing users to make small, regular investments that gradually build their digital gold savings. This encourages disciplined saving while providing the flexibility to convert holdings into physical gold as needed.