Kalash

Q: What is Kalash and how does it work?

A: Kalash is a smart Digital Gold savings app in India that allows users to buy, sell, and invest in 24k digital gold. It enables users to start investing with as little as ₹10 per day, offering a simple and accessible way to save and invest in gold. The app provides live gold prices, automated savings plans, and rewards in both gold and Bitcoin.

Q: How pure is the gold offered by Kalash?

A: Kalash offers 24k hallmarked gold with 99.99% purity. This high-quality gold is provided by Augmont, ensuring that users invest in the finest gold available.

Q: What is the Kalash "Refer and Earn" program?

A: The Kalash "Refer and Earn" program is a referral system where users can invite friends to join the Kalash app and earn rewards for successful referrals.

Q: How much can I earn through the referral program?

A: You can earn ₹75 for each friend who saves ₹1000 on the app. You can refer up to 20 friends, potentially earning up to ₹1500 in total.

Q: What do my referred friends get?

A: Referred friends receive ₹75 credited to their account after they make their first ₹1000 savings on the Kalash app.

Q: How can I share my referral link?

A: You can share your unique referral link directly through the app. There's an option to copy the link or invite via WhatsApp.

Q: Is there a limit to how many people I can refer?

A: Yes, referrers can invite a maximum of 20 new users throughout their account's lifetime.

Q: What form do the rewards come in?

A: According to the terms and conditions, rewards are credited in the form of Bitcoins valued at Rs. 75, subject to market rates at the time of crediting.

Q: Who is eligible to participate in the referral program?

A: The program is open to residents of India who are 18 years of age or older. Participants must have an active, verified account with Kalash and have completed at least one transaction prior to participating.

Q: Can I refer existing Kalash users?

A: No, the referred individual must be a new user without prior registration on Kalash.

Q: How does Kalash prevent abuse of the referral system?

A: Kalash has strict policies against creating multiple accounts, manipulating data, misusing referral links, or employing automated systems. Violations can lead to disqualification and potential legal action.

Q: Can the referral program terms change?

A: Yes, SZ SavingTech Private Limited (the company behind Kalash) retains the right to modify, suspend, or terminate the referral program at any time.

Q: Are there any tax implications for earning referral rewards?

A: Participants are responsible for any tax implications resulting from reward earnings.

Q: How does Kalash ensure the legitimacy of referrals?

A: Referees must sign up through a legitimate referral link provided by the referrer. The company monitors and reviews accounts for fraudulent activity.

Q: Can my rewards be reclaimed or withheld?

A: Yes, the company reserves the right to withhold or reclaim rewards if the program terms are violated.

Q: How long does it take for rewards to be credited?

A: The specific timing isn't mentioned, but rewards are conditional on the referee completing a minimum transaction of Rs. 1000.

Q: Is there an expiration on referral links?

A: While not explicitly stated, the terms mention that the company may adjust referral link settings, including expiration and usage limits, to prevent misuse.

Q: What are the minimum investment amounts on Kalash?

A: Users can start investing in digital gold with Kalash for as little as ₹10 per day. This low entry point makes gold investment accessible to a wide range of users, regardless of their financial capacity.

Q: How does Kalash ensure the security of my investments?

A: Kalash prioritizes security by partnering with trusted financial networks and using encrypted transactions. The digital gold purchased through Kalash is stored in secure vaults, similar to those used by leading banks and Asset Management Companies (AMCs) in India.

Q: Can I earn rewards for saving with Kalash?

A: Yes, Kalash offers various rewards programs. Users can earn up to 5% in Bitcoin rewards when buying gold, receive gold rewards for completing weekly savings streaks, spin a daily reward wheel, and earn through referrals and scratch cards.

Q: What is the Systematic Investment Plan (SIP) offered by Kalash?

A: Kalash provides flexible SIP options, allowing users to set up automated savings plans on a daily, weekly, or monthly basis. This feature helps users consistently invest in gold according to their preferences and financial goals.

Q: How can I check live gold prices on Kalash?

A: The Kalash app provides real-time gold prices, allowing users to stay informed about current rates before making investment decisions. This feature enables users to make timely and informed choices about their gold investments.

Q: Is Kalash only for gold investments, or does it offer other options?

A: While Kalash primarily focuses on digital gold investments, it also offers Bitcoin rewards. This unique feature allows users to diversify their portfolio by earning cryptocurrency alongside their gold investments.

Q: How does the referral program work on Kalash?

A: Kalash has a "Refer and Earn" program where users can share their unique referral link with friends. When a referred friend signs up and completes a qualifying action, both the referrer and the new user receive rewards in the form of gold or Bitcoin.

Q: Can I convert my digital gold to physical gold through Kalash?

A: Yes, Kalash allows users to convert their digital gold into physical gold through partner services. The app is also developing a feature to enable direct conversion and delivery of physical gold to users' doorsteps.

Q: What are the different ways to earn rewards on Kalash?

A: Users can earn rewards through various methods, including:

1. Completing weekly savings streaks

2. Spinning a daily reward wheel

3. Referring friends

4. Receiving scratch cards for gold investments

5. Earning Bitcoin rewards (up to 5%) on gold purchases

Q: Is KYC mandatory for using Kalash?

A: Users can start investing with just their phone number and email. However, completing KYC (Know Your Customer) verification is required to sell digital gold. This process involves verifying the user's PAN (Permanent Account Number) and bank account to comply with regulations.

Q: How does Kalash compare to traditional gold investment methods?

A: Kalash offers several advantages over traditional gold investment methods, including:

1. Lower entry point (starting at ₹10)

2. Digital convenience and 24/7 access

3. Automated savings plans

4. Additional rewards in gold and Bitcoin

5. Real-time price tracking

6. No need for physical storage or security concerns

Q: What customer support options does Kalash provide?

A: Kalash offers customer support through two primary channels:

1. An in-app help section where users can raise support tickets

2. Email support at support@kalashapp.com

Q: How often are gold prices updated on the Kalash app?

A: The Kalash app provides live gold prices, ensuring that users have access to the most up-to-date information before making investment decisions. This real-time pricing allows for informed and timely investment choices.