If you are looking for a small investing app, that can lead to high returns, then you’ve probably heard about the Gullak Money App. This app helps the process of saving and investing money with a particular focus on digital gold.
However, everyone has doubts regarding its legitimacy and authenticity whether is real or fake. This will be covered throughout this blog post today
Gullak Money App Details
The Gullak money app helps to invest in digital gold with a small investing opportunity. This innovative app allows users to set up automated savings plans. The company is located in Bangalore, India. You can save a fixed amount daily or round off your transactions to the nearest 10 and invest the difference.
The app also offers a unique feature called Gullak Gold+, allowing users to lease their digital gold to vetted jewellers. This leasing option provides an additional 5% return per year. Let’s understand how to earn money from the app.
How to Earn Money From Gullak Money App?
There are 5 authentic ways to earn money from gullak money app. These are mentioned below:
Automated Savings and Investing
The main way to earn money with Gullak app is by setting up automated savings plans. The app allows you to save small amounts daily, and help you invest in digital gold. This can be appreciated over time, providing you with returns based on the marketing value of gold.
Gold Leasing
Gullak helps in leasing your digital products to vetted jewellers. It offers an additional 5% return per year on top of the market returns of gold.
Refer and Earn Program
Gullak has a refer-and-earn program allows you to earn rewards by inviting friends to join the app. When your friends sign up using your referral code and start saving, you can earn up to 2000 INR and your friend can get up to 1000 INR.
Real Market
Since you are saving in digital gold, you can benefit from the appreciation in the real market value of gold over time. When the price of gold increases, the value of your investment also increases.
Required Documents for Gullak App
Gullak Money App needs to complete a KYC verification process. This includes:
Government-Issued ID: You will need to upload a copy of a government-issued identification document. Commonly accepted IDs include:
1) PAN Card
2) Aadhar Card
3) Passport
4) Voter ID
Selfie for Verification: You will also need to take and upload a selfie to verify your identity against the provided ID document.
Pros of the Gullak App
- High Returns: Potential for attractive returns through gold leasing and market appreciation.
- Ease to Use: Simple and automated savings process.
- Security: Investments are made in digital gold from trusted sources.
Cons of the Gullak App
- Market Risk: Like any investment, there is a risk associated with market fluctuations.
- New Platform: Being relatively new, it may not have a long track record.
Gullak Money App Real or Fake?
The gullak money app is a legitimate platform and you can trust the app to start investing. It was founded in 2022 by three Indian entrepreneurs. Some reasons behind its legitimacy and safety have been explained:
- The app has partnered with well-established names in the financial technology sector, such as PayTM and Augmont.
- The app is approved by RBI and follows guidelines set by the RBI.
- Augmont, a reputable gold refinery investment of about 24k 999 pure gold
- The app provides secure payment gateways and identity verification processes.
Gullak App Review
Gullak
Summary
The Gullak money app is a real and safe platform to start investing in digital gold online. I would recommend you to invest your time with this app. However, if any of you have already used the app, then share your experiences with us in the comments.