JioFinance Launches JioSilver: Digital Silver Investments Starting at ₹10
With JioSilver, users can:
- Buy digital silver: Make purchases ranging from ₹10 to ₹1 lakh per transaction.
- Buy and sell at live market-linked rates: Users can transact at live silver prices, with sale proceeds transferred directly to their bank accounts.
- Invest through Silver SIPs: Set up recurring investments with the flexibility to choose between weekly and monthly SIP frequencies.
- Redeem holdings for physical silver: Purchase physical silver coins directly or convert accumulated digital silver holdings into certified silver coins.
- Track investments digitally: View live silver prices, holdings and transaction details through a dedicated JioSilver dashboard on the JioFinance app.
According to the company, all physical silver is tested for purity at facilities accredited by the National Accreditation Board for Testing and Calibration Laboratories (NABL).
JioPoints on eligible purchases
Every eligible JioSilver purchase also earns JioPoints, which users can redeem within the JioFinance app for brand vouchers, shopping discounts and partner offers.
JFPSL is a wholly owned subsidiary of Jio Financial Services Limited (JFSL).
Company statement
Commenting on the launch, Surbhe S. Sharma, Chief Executive Officer, Jio Finance Platform and Service Limited, said, “Precious metals and commodities play a vital role in a well-diversified investment strategy, helping investors build resilient portfolios. While silver has traditionally been held physically, JioSilver transforms it into a transparent, safe, and hassle-free digital asset that is effortless to own and sell without the worries of storage. With this launch, we are giving JioFinance app users yet another accessible and convenient tool to invest and build wealth for the future.”
The launch of JioSilver complements JioFinance's existing digital gold offering and further expands the range of investment solutions available through the app.
About Jio Finance Platform and Service Limited
Jio Finance Platform and Service Limited (JFPSL) is a wholly owned subsidiary of Jio Financial Services Limited and manages the JioFinance app, a unified digital platform for retail-focused financial products and services.
The company aims to provide customers with seamless access to trusted, secure and simplified financial services through a digital-first platform.
About Jio Financial Services Limited
Jio Financial Services Limited (JFSL) is a Core Investment Company (CIC) registered with the Reserve Bank of India. The company operates a financial services ecosystem through customer-facing subsidiaries, including Jio Credit Limited, Jio Insurance Broking Limited, Jio Payment Solutions Limited, Jio Leasing Services Limited, Jio Finance Platform and Service Limited, and Jio Payments Bank Limited.
Through a 50:50 joint venture with BlackRock, JFSL offers mutual funds and Systematic Investment Funds (SIFs) in India through Jio BlackRock Asset Management Private Limited, along with wealth management services through Jio BlackRock Investment Advisers Private Limited. The joint venture has also proposed offering broking services through Jio BlackRock Broking Private Limited.
JFSL has entered into 50:50 joint ventures with the Allianz Group, establishing Allianz Jio Reinsurance Limited for reinsurance services and Jio Allianz General Insurance Limited for general and health insurance in India. The companies have also signed a non-binding agreement to explore opportunities in life insurance.
Through its digital-first model, JFSL offers customers access to a range of financial services, including loans, savings accounts, investment products, UPI, bill payments, recharges, digital insurance, financial tracking and management tools, and other solutions through the JioFinance app.
Media Contacts:
Aveek Datta — aveek.datta@jfs.in
Shruti Singh — shruti.singh@jfs.in
Riddhi Savla — riddhi.savla@jfs.in