PhonePe has partnered with Jar to launch a new feature, Daily Savings, allowing users to save in 24K digital gold starting from ₹10 a day. This new product will help users make small, daily contributions, with the option to save up to ₹5,000 per day in digital gold.

The Daily Savings feature is powered by Jar’s Gold Tech, which streamlines the process of investing in digital gold in under 45 seconds.

Users can set up automated daily contributions, pause or cancel their savings at any time, and redeem the gold for cash whenever they wish.

Niharika Saigal, Head of InApp Categories at PhonePe, said that digital gold has seen growing adoption on their platform, and the new Daily Savings feature allows users to save in bite-sized amounts to achieve their financial goals.

PhonePe offers 99.99% purity-certified 24K digital gold from trusted partners, with over 1.2 crore customers already using the platform to buy gold.

All accumulated gold is stored securely in vaults, with easy access for users.