How to Purchase Silver Online with Minimal Amount Using PhonePe

Introduction

The video explains a step‑by‑step method to buy silver (and gold) on the PhonePe app with as little as ₹10. It covers both recurring SIP investments and one‑time purchases, how to manage the portfolio, withdraw funds, and even use the built‑in return calculator.

Prerequisites

• A smartphone with the PhonePe app installed and a verified bank account linked.
• PAN card and date of birth (required for NPS later).
• Basic understanding of SIP (Systematic Investment Plan).

Step‑by‑Step Guide to Start a Silver SIP

1. Open PhonePe and scroll down to find the Gold & Silver option.
2. Tap the option; you will see an interface with tabs for Gold and Silver.
3. Select Silver and go to Daily Silver Saving.
4. Choose Start SIP – the minimum amount allowed is ₹10.
5. Confirm the amount and complete the setup. The SIP will now debit the chosen amount daily.

Managing the SIP

• To view or edit your SIP, go back to the Silver section and select Manage Saving SIP.
• Existing SIPs (e.g., an ₹11 SIP) will be listed; you can start additional SIPs with any amount.
• The app shows the total amount you have invested so far.

Withdrawal Options

• After the SIP runs, you can withdraw funds instantly:
• Go to the Sell option under Silver.
• Choose the amount you wish to withdraw (₹10, ₹100, ₹200, etc.).
• Funds are transferred to your linked bank account within 2 minutes.

One‑Time Direct Investment

• If you prefer a lump‑sum purchase, select Buy Silver from the main menu.
• Enter any amount from ₹100 up to ₹1,00,000 (or higher, as allowed).
• After confirming, the app will ask how many grams of silver you want to buy.
• The purchase is deducted directly from your bank account.

Portfolio Overview

• The top of the screen displays My Silver and My Gold, showing the total saved in each metal.
• For gold, three investment platforms are listed (e.g., Save Gold, MMTC, etc.).
• Use the built‑in Return Calculator to estimate earnings over 3, 5, 7, or 10 years.

NPS (National Pension System) Brief

• Scrolling further down, you’ll find the NPS option.
• Similar to a PF contribution, you can start an NPS account by providing PAN and DOB, linking your bank, and setting a contribution amount.

Closing Remarks

• The presenter encourages viewers to like, share, and subscribe if they found the tutorial helpful.

Quick Checklist

• Open PhonePe → Gold & Silver → Silver → Daily Silver Saving → Start SIP (₹10 min).
• Manage SIP via Manage Saving SIP.
• Withdraw anytime via Sell (instant transfer).
• For lump‑sum, use Buy Silver and specify grams.
• Track holdings under My Silver/My Gold.
• Use Return Calculator for future projections.
• Explore NPS for pension‑style investing.

You can start investing in silver on PhonePe with as little as ₹10, either through a daily SIP or a one‑time purchase, and manage, withdraw, or calculate returns directly within the app without needing any external platform.