Question 1

What is Flamingo Money?

Accepted Answer

Flamingo Money is India's Habit Finance App that helps you build better money habits through daily saving, goal-based investing, and 24K 999 digital gold. Start saving from just ₹50 with features like Daily Savings, Save on Every Spend, Couple Vaults, Gold FD, and Streak Challenges.

Question 2

What is Digital Gold?

Accepted Answer

Digital Gold is 24K 999 hallmarked pure gold that you buy and own digitally. It is securely stored in fully insured Augmont vaults. You can start investing in digital gold from just ₹50.

Question 3

Why should I invest in gold?

Accepted Answer

Gold is one of the most stable and trusted investment options. It helps diversify your portfolio and has delivered strong long-term returns. Flamingo makes investing in digital gold simple, rewarding, and accessible from just ₹50.

Question 4

What is Daily Savings?

Accepted Answer

Daily Savings lets you automatically invest a fixed or custom amount into 24K digital gold every day. It helps you build a daily saving habit and grow your wealth consistently.

Question 5

What is Save on Every Spend?

Accepted Answer

Save on Every Spend automatically rounds up your online purchases to the nearest ₹10, ₹20, ₹50, or ₹100 and invests the spare change into your digital gold vault. You can also use multipliers to save even more.

Question 6

What is Couple Sharing Vault?

Accepted Answer

Couple Sharing Vault allows you and your partner to save and invest together for shared financial goals. Both partners can contribute, track progress, and build wealth together from one shared vault.

Question 7

Is Flamingo Money safe?

Accepted Answer

Yes. Gold is provided by Augmont, accredited by BIS and NABL, stored securely in Sequel Vaults, and fully insured. Payments are processed using NPCI UPI Autopay, regulated by the Reserve Bank of India (RBI).

Question 8

Is the gold pure?

Accepted Answer

Yes. All gold purchased through Flamingo is 24K 999 hallmarked pure gold certified by government-approved agencies.

Question 9

Can I withdraw my money anytime?

Accepted Answer

Yes. You can sell your digital gold instantly and receive the money directly into your UPI-linked bank account. No KYC is required for holdings up to 1 gram.

Question 10

Can I get physical gold delivery?

Accepted Answer

Yes. Flamingo allows you to request secure physical delivery of your gold. Gold remains fully insured during storage and transit until it reaches you.

Question 11

What is Autopay?

Accepted Answer

Autopay lets you set up a UPI mandate once so Flamingo can automatically save and invest for you daily, weekly, or monthly. It helps you build consistent saving habits effortlessly.

Question 12

Do I need KYC to invest?

Accepted Answer

No. KYC is not required unless your digital gold holdings exceed the applicable government threshold. Once that limit is crossed, KYC is required as per regulations.

Frequently asked questions

Frequently asked questions

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