CURRENT AFFAIRS

Detailed explanation-1: -Airtel Payments Bank launches ‘DigiGold’ platform for customers to invest in gold.

Detailed explanation-2: -The leasing plan would be tied to metal bought by its customers since SafeGold launched a digital gold product in 2017. That allows Indians to buy bite-sized portions of gold online, with buyers able to take physical delivery if they have purchased at least one gram.

Detailed explanation-3: -Ganesh Ananthanarayanan, Chief Operating Officer, Airtel Payments Bank, said, “DigiGold is the latest addition to our neo-banking proposition of simple, secure, and value-driven products.

Detailed explanation-4: -The digital gold that you purchase is stored in a vault. It is 24 carat pure gold, which can only be accessed via secure channels. You can purchase your share at any time during the day. Furthermore, you can also sell it away whenever you wish to change your investment plans.

Detailed explanation-5: -You need to have an active Airtel Payments Bank savings account to buy digital gold on the app. If you don’t have an active account, please open one from the pay section of the app to invest in digital gold. Once your account is active, transfer some funds and start investing in digital gold.