Paygro

Q: What is Paygro?

A: Paygro is a spare change investment app that allows you to invest in 24K digital gold. It's designed to make investing as easy and automatic as possible, working alongside your daily expenses and bills. Think of it as a modern, digital version of a piggy bank, but with the potential for growth through gold investments.

Q: How does Paygro's spare change investment concept work?

A: Paygro's spare change investment concept is simple and innovative. It takes the age-old idea of saving spare change and modernizes it for the digital age. Instead of physically putting coins in a piggy bank, Paygro automatically invests a small amount every time you make a payment. This way, you're consistently building your savings without having to think about it.

Q: What is Paygro's Refer and Earn program all about?

A: Paygro's Refer and Earn is an exciting rewards program that allows Paygro users to accumulate up to Rs 500 worth of 24K digital gold by inviting friends and family to join the Paygro platform. This innovative program turns every Paygro user into a potential brand ambassador, rewarding them for spreading the word about Paygro's digital gold investment opportunities.

Q: How much digital gold can I earn per successful referral through Paygro?

A: For each successful referral, Paygro rewards you with 24K digital gold worth Rs. 50. This means that every time someone joins Paygro through your unique referral link and completes the necessary steps, you're adding valuable digital gold to your Paygro portfolio.

Q: What's the maximum reward I can earn through Paygro's referral program?

A: Paygro has set a generous cap on referral rewards at Rs. 5000 worth of digital gold per participant. This means you can potentially earn up to 100 successful referrals on Paygro, significantly boosting your digital gold holdings.

Q: How do I start referring friends to Paygro?

A: Starting your referral journey with Paygro is simple. Just navigate to the "Refer & Earn" section in your Paygro app, where you'll find your exclusive referral link. Share this Paygro link with everyone in your network - friends, family, colleagues - and watch your digital gold grow as they join Paygro.

Q: What steps are required for a successful referral on Paygro?

A: A successful Paygro referral involves a few key steps: The person you refer must sign up using your unique Paygro link, verify their email and mobile number on Paygro, and complete at least one digital gold transaction. As the referrer, you must also have completed at least one digital gold transaction on Paygro. This ensures that both you and your referral are active Paygro users.

Q: How quickly does Paygro credit referral rewards to my account?

A: Paygro values efficiency. If your referral is successful, Paygro typically credits the rewards to your account within 24-48 hours. This quick turnaround means you can see your Paygro digital gold balance grow almost as fast as you refer new users.

Q: Do I need an active account to participate in Paygro's referral program?

A: Yes, to participate in Paygro's referral program, you need an active gold account on Paygro. This means you should have either done a Round Off through Paygro's Expense Diary or invested in Digital Gold through Paygro's Gold Mine section. This requirement ensures that all Paygro referrers are familiar with the platform's core features.

Q: How long is my Paygro referral link valid?

A: Your Paygro referral link has a validity period of 7 days. This time-limited approach by Paygro encourages quick action and helps maintain the freshness of the referral pool.

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

A: Paygro doesn't set a specific limit on the number of referrals you can make. However, since the total reward is capped at Rs. 5000 per participant, you can effectively refer up to 100 people who successfully join Paygro through your link.

Q: What happens if Paygro changes its referral program terms?

A: Paygro reserves the right to modify or terminate the referral program at any time without prior notice. To stay informed about any changes to Paygro's referral program, it's advisable to regularly check the terms and conditions within the Paygro app.

Q: Can I convert my Paygro referral rewards to cash instead of digital gold?

A: Paygro's referral rewards are specifically designed to boost your digital gold portfolio. As such, Paygro provides these rewards in the form of 24K digital gold and does not offer a direct cash conversion option. This aligns with Paygro's mission to promote digital gold investments.

Q: What if my friend doesn't complete all the Paygro signup steps?

A: For Paygro to credit your referral reward, both you and your referred friend must complete all required steps. This includes the friend signing up via your Paygro link, verifying their details, and making a digital gold transaction on Paygro. If any step is missed, Paygro won't be able to credit the reward.

Q: Can new Paygro users participate in the referral program?

A: Absolutely! As long as you have an active gold account on Paygro, which means you've either done a Round Off or invested in Digital Gold, you're eligible to participate in Paygro's referral program. This inclusive approach allows even new Paygro users to start earning referral rewards quickly.

Q: Is there a time limit for my referred friends to complete the Paygro signup process?

A: While Paygro doesn't specify a strict time limit for completing the signup process, it's important to note that your Paygro referral link is only valid for 7 days. Therefore, it's best to encourage your friends to complete their Paygro signup and first transaction within this window.

Q: How can I track my Paygro referral earnings?

A: Paygro makes it easy to keep tabs on your referral earnings. Simply check the "Your Earned Rewards" section at the bottom of the Refer & Earn screen in your Paygro app. This feature allows you to watch your Paygro digital gold rewards grow in real-time as your referrals successfully join the platform.

Q: What investment methods does Paygro offer?

A: Paygro offers two main investment methods:

• Percentage-based: You set a percentage, and that amount is invested every time you make a payment.

• Fixed amount: You set a specific amount to be invested with each transaction.

Q: Can you give an example of how the percentage-based investment works?

A: Certainly! Let's say you set your investment percentage to 10%. If you buy a coffee for ₹100, Paygro will automatically invest ₹10 (10% of ₹100) into digital gold for you.

Q: How does the fixed amount investment method work?

A: With the fixed amount method, you decide on a set amount to invest with each transaction. For example, if you set the amount to ₹20, every time you make a purchase, ₹20 will be invested in digital gold, regardless of the purchase amount.

Q: Why does Paygro invest in 24K digital gold?

A: Paygro invests in 24K digital gold because it's a stable and valuable asset. Gold has historically been a good hedge against inflation and economic uncertainty. By investing in digital gold, you get the benefits of gold investment without the hassle of storing physical gold.

Q: What are some key features of Paygro?

A: Paygro offers several features:

• Instant Round-Off

• Risk profile based on investment forecast

• Bill payment and recharge services

• Spending & investment tracking

• Goal & tax calculations

Q: What is the Instant Round-Off feature?

A: The Instant Round-Off feature provides access to smart portfolios designed by experts. These portfolios automatically adjust as you and your money grow, ensuring your investment strategy remains optimal over time.

Q: How does Paygro help with risk assessment?

A: Paygro uses data-driven technology to create a risk profile based on your investment forecast. It also offers solid risk-assessment strategies recommended by financial experts to help you control your portfolio and minimize risks.

Q: Can I pay bills through Paygro?

A: Yes, Paygro offers bill payment and recharge services. This integration allows you to manage your expenses and investments all in one place.

Q: How does Paygro help me track my spending and investments?

A: Paygro provides tools for tracking both your spending and your investments. This feature helps you get a comprehensive view of your financial health and progress towards your goals.

Q: Does Paygro assist with financial goal setting?

A: Yes, Paygro helps you set and work towards well-defined financial goals. It also assists with tax calculations, helping you plan your taxes while growing your investments.

Q: Is Paygro suitable for beginners in investing?

A: Absolutely! Paygro is designed to make investing accessible and easy for everyone, including beginners. Its automated approach to spare change investing makes it an excellent starting point for those new to investing.

Q: How secure is investing through Paygro?

A: While specific security measures aren't mentioned in the provided information, reputable fintech apps typically employ strong security protocols. It's always a good idea to check the app's security features and certifications directly.

Q: Can I customize my investment strategy on Paygro?

A: Yes, Paygro offers flexibility in how you invest. You can choose between percentage-based or fixed amount investments, and you have control over setting these amounts. Additionally, the app provides risk assessment tools to help you tailor your investment strategy to your personal financial situation and goals.