By Sneha Kulkarni
Copyright indiatimes
Paytm has announced a new rewards programme that turns everyday digital payments into gold coins. Under the initiative, every payment made on Paytm helps customers earn gold coins that can be converted into digital gold.Income Tax GuideIncome Tax Slabs FY 2025-26Income Tax Calculator 2025New Income Tax Bill 2025The programme named ‘Gold Coins’ has been launched ahead of the festive season with Dussehra, Diwali and Dhanteras lining up. This festive season is traditionally associated with higher gold purchases in India.Will price of 10 gm gold reach Rs 2 lakh in 5 years? Should you sell, hold, or buy?How to earn gold coins through Paytm transactionsPaytm says in its statement, “Every transaction on Paytm including Scan & Pay at a merchant outlet, online purchases, money transfers, recharges, bill payments, recurring payments and more now earns Gold Coins worth 1 percent of the transaction value and 100 Gold Coins can be redeemed into Rs 1 actual Gold.”All payments made through UPI, debit cards, credit cards, and net banking qualify for gold coins. Customers making UPI payments through credit cards and RuPay credit cards will earn double gold coins, Paytm saidPaytm says that its Gold Coins scheme is aligned with the Government’s vision of Atmanirbhar Bharat as GST-driven household and business savings can also be channelled into digital gold on Paytm.Do certain Paytm payment methods earn more gold coins?Yes. If Paytm users make UPI payments via a credit card or a RuPay credit card, they can earn double gold coins. These transactions will help them earn higher rewards compared to other payments.A Paytm spokesperson said: “Gold has always held a special place in Indian households and businesses. With this launch, we are rewarding every payment with Gold Coins that can be converted into Digital Gold, transforming daily transactions into lasting value. This initiative is aligned with the vision of Atmanirbhar Bharat, where digital payments not only simplify spending but also contribute to wealth creation.”Paytm’s recently added featuresPaytm has introduced ‘Reminders’ for recurring expenses such as tuition fees and utility bills. The programme also provides a smart ‘Monthly Spend Summary’.The company has also rolled out ‘personalised UPI IDs’ for enhanced privacy, the option to ‘hide or unhide transactions’.Downloadable UPI statements in Excel or PDF format.Home screen widgets like ‘Receive Money’ for faster paymentsConsolidated view of ‘total balances’ across Paytm UPI-linked bank accounts.How to redeem Paytm Gold Coins into real gold?Here are steps on how to Redeem Paytm Gold Coins into Real Gold- Open the Paytm app and tap on the ‘Gold Coins’ widget on the home screen- View your Gold Coin balance earned from transactions- Once your balance reaches 1,500 coins, the option ‘Convert to Real Gold’ will be available- Tap on it to seamlessly convert your Gold Coins into Digital Gold(100 Gold Coins = Rs 1 worth of Digital Gold)What is Paytm digital gold?According to Paytm’s official website, “Paytm digital gold is a modern investment option that allows users to buy, store, and sell gold electronically without the need for physical possession. In collaboration with MMTC-PAMP, Paytm offers a platform where individuals can purchase 24K 99.99% pure gold starting from as little as Re 1. This makes it an accessible choice for a wide range of investors.” How to invest in Paytm Gold?Step 1: Log in to the Paytm app and use the search bar to find “Gold.”Step 2: Purchase gold by specifying an amount in rupees or selecting the quantity in grams. The minimum investment can start with as low an amount as Re 1.Step 3: Check the current gold price, including GST, displayed on the app. You can pay the amount in lump sum or start a SIP (Systematic Investment Plan).Step 4: Choose your payment method, such as UPI, net banking, or debit/credit cards. After the payment, your gold will be securely stored in insured vaults.Step 5: Receive a confirmation via SMS and email once the transaction is successful.
