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The estimated accumulation is based on the assumption that gold price appreciates 10% CAGR p.a.. Actual grams accumulated depend on actual gold prices.
Why milliGOLD?
999 Purity | Bought and Stored at MCX Exchange | 1% Commission

Digital Payments
Every payment you make through the banking channel, is digitally tracked and instantly processed with a GST Bill. We accept recurring subscription payments through e-Mandates, ad-hoc payments through UPI and bulk investments through IMPS.

Physical Gold
All payments are converted to 999 physical gold on the same day using MCX Exchange quoted price plus a fixed trade margin. The Gold bars and coins are stored at the MCX Exchange Warehouse in Ahmedabad with warehouse receipts and traceable serial numbers.

Any time Redemption
You can redeem the gold balance in your account, fully or partially, any time, even before the end of the plan period. There are 5 ways to redeem your Gold. See the redemption options here.
It’s just a 3-step process to get started.
Ours is a PWA App. Works on a mobile browser. No need to install from play store.
Type https://app.milligold.in in your browser and login with OTP.

Step 1
Select Amount and Duration
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. Your UPI Pay-In ID is milligold.accountno@icici which you can pay from any UPI app without even coming to our app.
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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.



Step 2
Enter Contact Details
First login with your mobile no and 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.


Step 3

Authorize e-Mandate online (ECS/SIP)
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). You can cancel the e-Mandate or change the monthly amount and duration any time. You can set up a live call / video call / live chat with our customer service team to guide you through the e-Mandate process.

Our top 12 Features.
Our top 12 Features.
1.
Gst bill for each payment
2.
100% converted to 999 gold on same day
3.
Home delivery of Coins & Bars

Jewel Chit

Digital Gold

Gold ETF

milliGOLD
11.
Exchange Quoted Price & Fixed Trade Margin
12.
No discount at the time of selling

Jewel Chit

Digital Gold

Gold ETF

milliGOLD
4.
No 11 month limit (3 months to 30 years)
5.
Sell any day. Settled within 2 days

Jewel Chit

Digital Gold

Gold ETF

milliGOLD
6.
100% Auditable storage at MCX Exchange Warehouse
7.
Option to have a locker in your own name
8.
Warehouse receipts and Traceable Serial Nos
9.
Buy Jewellery in any shop of your choice
10.
Convert to RBI Gold Bond on next issue

Jewel Chit

Digital Gold

Gold ETF

milliGOLD
Jewel Chit
Gold ETF
Digital Gold
milliGOLD
Secure
GST bill for each payment
100% converted to 999 gold on same day
No 11 month limit (3 months to 30 years)
100% Auditable storage at MCX Exchange Warehouse
Option to have a locker in your own name
Warehouse receipts and Traceable Serial Numbers

No

No

No

No

No

No

No

No

Yes

No

No

No

Yes

Yes

Yes

No

No

No
Transparent

No

No

Yes

Yes

No

No
5 Redemption Options
Buy Jewellery in any shop of your choice
No

No


No
Yes

No

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes
No additional discount at the time of selling
Exchange Quoted Price & 1% Commission
Home delivery of Coins & Bars

No


Yes
Move to Locker in your own name



No
No
No
Sell any day. Settled within 2 days

No

Yes

Yes
Convert to RBI Gold Bond on next issue

No

No

No

Yes

Yes
Top 12 features
Simple, transparent Pricing & Charges.
Buy
+6.0 paisa / mg
MCX Prev. Trading Day Closing Price + 1% milliGOLD Trade Margin
Redeem
-6.0 paisa / mg
MCX Prev. Trading Day Closing Price - 1% milliGOLD Trade Margin.
Applicable for bank settlement and conversion to RBI Gold Bond
Bank Payment Processing & GST
2.0 paisa / mg
For e-Mandate and UPI
3% GST
As per Government Rules
Home Delivery of Coins/Bars
2% + Rs 100
Minting charge + Postage
Settlement while you are at Jewellery Shop
Rs 25 per gram
Our customer service team will coordinate with you over live chat.
Rented Locker in your own name
1% fee to move +
Rs 36 per gram per year
Only gold bought through milliGOLD / MCX can be stored.
Pricing & Charges
How can you redeem the gold?
Gold accumulated in your account can be redeemed any time, irrespective of your e-Mandate duration. This means, you could continue your monthly savings without interruption even after redeeming your gold balance fully or partially.

Jewellery
Buy Jewellery in any shop of your choice.

Coin/Bars
Request for Home delivery of coins and bars

RBI Gold Bond
Convert to RBI Gold bond during next issue

Sell
Sell at market price and get settlement in your bank account within 2 working days.
Redeem gold
Frequently Asked Questions.
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1. Why Save Gold?Gold outperforms all products, including PF, Mutual funds and Equity Index Funds over the long term. Because, when the economy and markets are doing well, people buy more jewellery appreciating its price. But people don't sell their Gold for ordinary expenses. They pledge it and pay interest and thus holding the price. Gold as an asset, is free from market risks. Provides security. Protects our savings from eroding value of money. And you can sell it anytime giving instant liquidity. Gold also protects our savings from our own spending habits. Because we won't touch gold for ordinary expenses. The accumulated gold can be used to buy Jewellery, fund college education, invest in property or use it post retirement. The graph below shows the performance of Gold from 2000 to 2020 compared to PF and NIFTY50 Equity Index. Rs 10,000 invested in Gold in the year 2000, appreciated to Rs 120,000 in 2020. PF with compound interest appreciated only to Rs 60,000. That is 2X performance. NIFTY50 Equity Index grew from 1500 to 12000 between 2000 to 2020, whereas Gold grew from Rs 430 per gram to Rs 5200 per gram during the same period. A 50% better performance.
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2. Gold ETF funds also invest in Gold right?Yes but they invest only 50% of funds in Physical Gold and the balance in financial derivatives. They are quoted in mutual fund units (not Gold grams) with NAV. There is no legal right of possession for the Gold, as you don't own the gold, only the mutual fund units. So Gold ETFs are not as secure and safe as Physical Gold coins and bars stored in your own locker.
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3. Why is milliGOLD the Safest, Simplest and Cheapest Gold Saving Product?Safest because, we buy and store the Gold in a SEBI approved exchange locker. Simplest because, you can accumulate milligrams as gifts and rewards from corporates and brands. You can also add your own savings to it through single click UPI payment or monthly SIP through ECS/ eMandates. Cheapest because, we use the MCX exchange price, have zero buy-sell spread, zero making charge, zero wastage and a transparent commission of 1%.
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4. Can I use the accumulated Gold balance to buy Jewellery in any shop of my choice?The short answer is Yes. There are 3 ways you can do this: 1) Ensure that your address details are updated at app.milligold.in. Redeem your accumulated gold balance as 999 purity Coins / Bars delivered to your home address from time to time. (Example every 10 grams). You can then give these coins/ bars to the Jewellery shop where you are buying and get the bill adjusted for the market value of Gold given. 2) Ensure that your bank details are updated at app.milligold.in. When you redeem, choose "Bank settlement" option. The market price of the gold on the date of redemption, will be credited to your bank account. Now you can use your own debit card to buy Jewellery in any shop of your choice on the same day at the same gold price. 3) If you are worried, that you will spend the money for some other purpose, choose "Direct Settlement at Jewellery Shop" option. This is same as Bank Settlement explained above, except that the transfer of money to your bank account will be timed to happen just a few minutes before you reach the billing counter of the Jewellery shop. (Our customer service officer will coordinate with you over live chat). We will soon be launching a Rupay Card that can be used only in Jewellery shops. * Please refer to the section on "Fees and Charges" to know the exact calculation formula used for buying price and settlement amount. * Please note that there will be a cooling off period of one month every time you update your address or bank account details, before you can redeem. This is to reduce the risk of someone misusing your phone / login to commit fraud.
e-mandate

RSR, CEO
30+ Years in Management & 15+ Years in Strategic Consulting, across a wide variety of domains and products.
Our Team.

Deepak, CTO
18 Years in the IT industry with extensive experience in large scale systems like Insurance, e-governance & manufacturing.

Rohini, Advisor
15 Years in the Banking industry, specializing in Anti-Money-Laundering, e-KYC, Compliance, Control and Risk.
Our Blog.
Get in touch.
Address
321A, 11th Street, Kuberan Nagar Extension, Madipakkam,
Chennai - 600 091.
Phone
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