Why saving is so difficult?
If I had known at the age of 30, that I would need Rs 50-60 lacs at the age of 50 to fund my two children’s college education and...
The estimated accumulation is based on the assumption that gold price appreciates 12% per year. Actual grams accumulated might depend on actual gold prices.
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Select an amount that can be automatically debited from your bank account at the beginning of the month. (Min Rs 1000 PM). Whenever you have excess money to save, You can always make additional ad-hoc UPI payments – any amount, any time - over and above your monthly subscription. UPI Payments will be enabled if you have at-least one monthly subscription.
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The duration you choose will determine the expiry date of your e-Mandate, after which, if you want to continue saving gold, you have to renew the e-Mandate once again. There is no link between e-Mandate duration and redemption. You can redeem your Gold any time, even when your e-Mandate period is not over.
First validate your mobile no with an OTP. Then enter your Name and Email ID to proceed further.
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Other profile details like Address, Pincode, Selfie Photo, Bank account details, Nominee details, Account Password etc. are not compulsory to start the plan. But to ensure the safety and security of your account, you need to complete these information at app.milligold.in within 1 month.
e-Mandate is an online process similar to ECS and SIP and is managed by NPCI in partnership with all major banks and payment gateways. e-Mandate authorizes your bank to debit your account automatically every month, for a given amount, on a preferred date (Example 5th, 10th etc). For a detailed explainer video on how to authorize e-Mandate, see here. You can cancel the e-Mandate or change the monthly amount and duration any time.
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