Sell Or Withdraw Gold From Bright DiGi Gold: A Step By Step Guide
How To Sell/Withdraw Money- A Detailed Guide
The convenience of buying gold digitally through platform like Bright DiGi Gold has revolutionized how we invest in this precious metal. But what happens when you need to convert your digital gold back into cash?
This guide will walk you through the process of selling or withdrawing gold from the Bright DiGi Gold app and website, ensuring a smooth and secure transaction.
Before You Sell: Understanding the Process
When it comes to selling digital gold on Bright Digi Gold, the process is relatively straightforward compared to physical gold transactions. However, it is crucial to have a clear understanding of the steps involved and any potential fees before you proceed with the sale.
Key Points to Consider:
• Minimum Selling Quantity:
Before you initiate a sale, it is important to be aware that Bright Digi Gold may have a minimum quantity requirement for each transaction. To find out more about this, you can refer to the app's FAQs or terms and conditions.
• Selling Price:
The selling price of your gold will be determined by the live market rate at the time of the transaction. Keep in mind that Bright Digi Gold may have a spread between the buying and selling prices, so it is advisable to consider this factor when calculating your potential returns.
• Settlement Method:
It is essential to decide how you would like to receive the funds from your sale. Bright Digi Gold may offer various options, such as bank transfer or UPI (Unified Payments Interface), for settling the transaction.
1. How can I withdraw my money from Bright DiGi Gold?
Here you have two options to withdraw your gold and get money instantly in your bank account either you can visit our website www.brightdigigold.com or download our app available both on Play Store and App Store:
However for more convenience and ease of access to the platform you can download our app and make the most of it….
To withdraw your money from Bright DiGi Gold app:
- Open the Bright Digi Gold app.
- Click on the "Sell" option within the app.
- Check gold holding available in your vault.
- Enter the amount either in rupee or gram to sell your gold.
- Add your UPI Id and click to proceed.
- Once the gold is sold, the money equivalent to the selling price will be added to the bank account linked to your UPI ID.
2. What is the minimum amount of gold I can sell in a single transaction?
The minimum amount to sell your gold and silver is ₹100. However, to sell your digital holding user must complete their KYC details.
3. How long will it take to receive the money after selling my gold?
After successfully completing the selling process, your money will be added to your bank account within 3 to 5 bank working days.
Not just that you can download your sell invoice available in the Transaction section of the app.
4. After buying gold from the app, how long do I have to wait to withdraw my money?
After successfully buying digital gold from Bright DiGi Gold, there is a lock in period of 48 hours or 2 days before you can sell your gold.
Let’s suppose you purchased 1 gram of gold on 29th of April at 1:00 pm. Now you wish to sell 1 gram of gold and withdraw the money to your bank account.
For that you would have to wait for 48 hours, till 1st of May at 1:00pm.
5. Are there any taxes or fees associated with selling gold? What are they?
No, you don’t have to pay any taxes or fees while selling your gold.
6. Gold has been deducted from my vault, but money transfer to my bank account failed/is still pending. Why?
Money transfer to bank account could fail or be in pending state due to the following reasons:
- Incorrect/Invalid UPI ID entered
- Issue at Bank server end
- If there is an issue at your bank's end, then kindly contact them and retry again after some time.
7. Do I need to complete my KYC procedure before selling?
Yes, KYC details are mandatory, as safety and security of your account is our top most priority and if:
- You want to buy gold/silver above Rupees 2000.
- You want to sell gold/silver and withdraw your money
In Conclusion,
Selling digital gold on Bright Digi Gold offers a convenient and efficient way to liquidate your assets. By carefully following the steps outlined and taking into account the important factors mentioned, you can guarantee a seamless and secure transaction process. In case you have more queries or questions you can refer to the FAQs.
By staying proactive and informed, you can maximize your returns and make the most out of your savings in just a few clicks.