Buying digital gold is the same as buying physical gold. Digital gold is a secure investment against the volatility and uncertainty of the market. As per May 2021 data, there has been a 300% increase in the gold rates during the last decade. Hence, investing in digital gold allows the investor to purchase gold at their convenience without worrying about the gold rates in the market.

GST is levied on any form of gold purchase i.e., physical gold as well as digital gold. For the investors who purchase gold online, apart from other charges, a 3% GST has to be paid. This is because when the investor purchases gold online, the seller buys the physical gold in the name of the investor equivalent to the amount invested by the buyer.

The (Long-term Capital Gain) LTCG tax is applicable on the digital gold purchase in the same manner as on the physical gold purchase. Returns on the digital gold asset holdings for less than 36 months are not taxable. In the case of LTCG investors, they have to pay *20% tax on the complete amount and additional surcharge as well as *4% tax with the indexation benefits. The amount of tax an investor has to pay is determined by how much he/she stays invested in digital gold.

(*The percentage of tax and surcharge may change based on Government rules and regulations.)

The buyer can sell gold after 48 hours of purchase of gold.

While you buy/sell gold online, there is a locking time involved of 5 minutes. Within few minutes the gold price is updated.

You can use your debit card, net banking, UPI, or any e-wallet to complete your digital gold purchase.

You will have to pay making charges, delivery charges and applicable taxes on the doorstep delivery of the digital gold.

Digital gold is not an investment scheme neither a deposit plan, therefore it doesn’t fall under SEBI or RBI regulations. Hence, there’s no regulatory body available for this product currently.

A leading insurance company insures the physical gold stored in vaults under strict insurance policy.

The physical gold is stored safely in the vault of Sequel, the service which is utilised by various banks in India and also by various Asset Management Companies (AMCs) for their Gold-ETFs. The physical gold stored in the vault is also covered under insurance.

Sequel Logistics is a global leader in security-related services for banks, financial institutions, mines, retailers, diamond and jewellery industries, pharmaceuticals, and a variety of other commercial and government customers.

Chhota Nivesh reflects the price for gold (i.e. Buy/Sell), and there will be a small difference between the buy and sell price. This difference changes on the basis of various factors including price volatility, supply, external market conditions, etc. We quote the live prices on the platform based on real-time coming from the market. Further, in addition to this spread, GST which is levied on the buy price, is not applicable on the sell transactions and there are also certain charges involved for certain payment gateway, trustee, etc. which contribute to the difference between the buying and the selling price.

All prices quoted on the Chhota Nivesh platform are exclusive of GST and other applicable taxes. The applicable GST is added to the quoted price during the checkout.

You can sell back your digital gold at the market prices which are displayed on our website with a real-time basis. There are no additional charges involved.

When you sell your gold on Chhota Nivesh Gold the sale proceeds will be sent to your verified bank account. The proceeds shall be credited to your bank account in 3 working days. In case of any delay, you can contact our customer service.

Once the order is placed on Chhota Nivesh Gold successfully, then it cannot be cancelled.

IDBI Trusteeship Services Limited has been appointed as an Independent Trustee and it is responsible to act on behalf of the customers and ensure that the customer interests are protected. IDBI will have a first and exclusive charge on the bullion (i.e. Gold/Silver) bought by the investor. After accepting the Terms and Conditions, the investors have now authorise Chhota Nivesh to make delivery of physical bullion into the secured vault on their behalf which will be verified by an Independent Trustee.

The investor will get the delivery within 10 working days from the day of the placement of the order/requesting delivery, at the shipping address specified in the order.

You can sell back the purchased gold at the market prices which are displayed on the app on a real-time basis. No additional charges are applicable.

On Chhota Nivesh, there are several payment options for investors who wish to purchase silver online. Mentioned below are the listed payment types available on the application:

• Net-banking
• UPI

GST is levied on any form of silver purchase i.e., physical silver as well as digital silver. For investors who purchase silver online, apart from other charges, a 3% GST is also levied. Simply because, when the investor purchases silver online, the seller buys the physical silver in the name of the investor equivalent to the amount invested by the buyer.

Silver obtained as gift is absolute tax-free. So you need to maintain a record of the silver gifts you have received to avoid confusion with the IT (Income tax) department. The sale of silver metal is treated as a capital gain. In case you are selling any silver ornaments after 36 months of holding, they will be categorised under long-term capital gains (LTCG) from which you can enjoy the indexation benefits. The LTCG charge on the silver holdings for more than 36 months is *15%. If you have silver holdings for less than 36 months and want to sell before this time period, then it will be categorised under short-term capital gain (STCG) and will be charged at *10%.

(* – The percentage of tax and surcharge may change based on the government rule)

You can purchase digital silver for as low as Re.1.

ChhotaNivesh provides 24K 999 silver purity.

On our website, www.chhotanivesh.com we provide the prices for silver serving, buying and selling. There will always be a small difference between buying and selling prices. This difference is based on factors such as volatility, supply, physical market conditions and many more. On our platform the live prices of silver are transparent. In addition to this difference, GST is charged on the buy price of digital silver but not on the on-sell price. There are other minor charges involved while purchasing i.e., payment gateway, trustee, insurance company, etc., which also affect the difference in buy and sell price.

To prevent the misuse of your silver account, you must complete/update the KYC process. The correct information/details about the customer will help in identifying the real owners of the silver stored in the vault. However, it is not mandatory to complete E-KYC unless you reach the threshold limit.

To purchase digital silver, you can invest as low as Re.1 through different online payment options. While selling, you can only sell digital silver which you have purchased from us. Also, you can sell digital silver only after 48 hours of the purchase for security reasons.