Are you looking for a simple and effective way to save money? Do you want to invest in gold without breaking the bank? If so, you might want to consider using Jar App.
What is Jar App?
Jar App is a digital piggy bank that helps you save digital gold. It rounds off your transactions to the nearest Rs 10 and invests the spare change in digital gold. The app is promoted and offered by two young minds, Nishchay AG and Misbah Ashraf. The app is designed to help you invest in gold one small step at a time.
How does Jar App work?
The app needs you to register with your UPI ID, and then can read the SMS messages received on your phone. Every time you make a digital transaction, it reads the message and spends the extra change in 99.9% Pure Gold. The app makes use of the concept called UPI AutoPay for investing on your behalf. The investments in gold are secured with secure technologies and are insured by the top banks in India. You can buy and sell gold at your convenience.
Red Flags
According to some reviews, the app’s security shield is not working properly, and there are some issues with UPI payments. However, these are minor issues that do not affect the overall functionality of the app.
Reviews
Many customers have praised the app for its effectiveness in saving money and investing in gold. They also appreciate the frictionless and seamless steps involved in using the app. The ability to invest small amounts into big savings is also a plus.
According to some customers, there are some issues with UPI payments, and the security shield is not working properly. However, these are minor issues that do not affect the overall functionality of the app.
Pros
- Educates youth how to save small amounts into big savings
- Automates saving money
- Extremely convenient way to save money
- You do not need to invest in large amounts
- Frictionless and seamless steps involved
Cons
- Security shield is not working properly
- Issues with UPI payments
Alternatives
- Groww: A free investment app that allows you to invest in mutual funds, stocks, and gold. It is available on Android and iOS.
- Paytm Money: An investment app that allows you to invest in mutual funds, stocks, and gold. It is available on Android and iOS.
- Kuvera: An investment app that allows you to invest in mutual funds, stocks, and gold. It is available on Android and iOS.
- Zerodha Coin: A mutual fund investment platform that allows you to invest in direct mutual funds with zero commission charges. It is available on Android and iOS.
Conclusion
Jar App is an excellent option for those who want to invest in gold one small step at a time. It’s easy to use, secure, and affordable. With its frictionless and seamless steps involved, it’s an excellent way to save money without even realizing it.
According to Random Dimes, Jar App is one of the most unique options for enjoying a better degree of experience for fully automated solutions for micro-savings and democratized investments. To create a habit of micro-investment in millions of Indians, this app is definitely worth its salt.
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