I want to save money but I don’t have knowledge on investing in gold bonds in jupiter. How is it different from pots
Investing in gold in Jupiter means you are investing in digital gold . Jupiter partners with MMTC PAMP for this feature.
In pots you are depositing in FD or just using it as a piggybank, you will be getting fixed interests according to the category.
In digital gold , you will be investing on 24K gold, so your profit or loss is decided according to the price of gold. On buying digital gold you will be paying 3% gst.
Digital gold: no interest, returns not fixed.
Pots and FD: interest, returns are fixed.
I am not so pro in this so I hope someone else in the community can explain better than this.
I am little confused whether its a typo or not (Gold pot or gold bond).
If you are looking for gold bonds, you can get details here:
At present, Jupiter only provides option for buying and selling of Digital gold via Gold pots.