Kashewnut

Frequently Asked Question

What is Kashewnut?

Kashewnut is the Save now Pay later platform where you get up to 9.5% on your saving and up to 21% off instantly on 50+ top brands discounts, every single time you shop. You also get an additional 1% off instantly, on top of your regular Kashewnut saving, if you complete your goal.

How do I use Kashewnut?

To use Kashewnut, simply signup to Kashewnut website using your phone number, name, and email address. Kashewnut lets you create short term or long term plan and also allow to purchase discounted brand cards from over 50+ top brands. Search for your favorite brands on Kashewnut, create your saving plan and purchase a discounted brand card instantly, load it onto the brand’s wallet on the website, or use it directly to shop at the brand’s website or offline stores depending on the brand.

What are the benefits of using Kashewnut?

Kashewnut offers you incredible benefits like: Wide Range of Top Brands: 50+ top brands like Amazon, Swiggy, Myntra, Nykaa, Uber, MakeMyTrip, PVR, Croma and more so you can always find what you're looking for. Real Savings: Enjoy instant savings of up to 21%, over and above the brand discounts, every time you shop. Smooth Experience: Share easily and add it onto the brand’s wallet on the app or use it directly to shop.

What are the different types of goals I can create with Kashewnut?

There are two types of goals – Short term goal- Invest your money with RBI registered NBFC – Long term goal - Invest in digital gold and silver.

What are the different types of investments that I can choose from to create my goals on Kashewnut?

Currently, there are two types of investment – Saving with RBI registered NBFC and Digital gold and silver.

How many goals can I create?

There are no major restrictions on creating goals for different plans. In one day, you can create any number of goals.

When should I choose SIP and when to choose lump-sum payments?

Kashewnut helps you invest in high yield providing RBI registered NBFC. SIP helps you average your saving, and helps you achieve a smoother experience. Nevertheless, irrespective of the mode of investment you choose, the investment recommendations are designed to help you achieve your goals within the selected duration.

What happens to my money when the goal is completed?

For Investment, you have the option to transfer the matured amount back to your bank account. If you have selected a brand, you can purchase with the brand at a discount. - For brand co-investment, after the final deposit, you will be notified regarding the product/service purchase.

When can I withdraw the fund?

You can withdraw the fund at anytime after 24 hours of investment.

Will I get 100% of my investments, interest and brand benefits if I stop the goal midway?

Yes, you will receive the invested amount along with returns and brand benefit earned until you stop your goal. You will lose out on the upcoming investments and returns of your goal journey.

I want to withdraw money. How long does it take to debit back to my bank account?

It takes 3-5 business days for the money to debit back to your bank account.

What is DigiGold?

Digital gold is a mode of investing in physical gold. It is just like regular gold, can be bought online and is stored in insured vaults by the seller on behalf of the customer. On our platform, Augmont facilitates the buying and selling of Digital Gold.

How does it work?

Create the goal and make one-time payment to accumulate gold in your name. No additional holding charges. Augmont stores exact quantity of the purchased Gold in your name in a secured vault, monitored by independent trustee (IDBI Trusteeship Service) You can: * Buy, accumulate digital gold and sell back to get cash credited to your bank within a few hours.

Digital Gold, Is it safe?

Digigold is offered by our partner Augmont. The physical gold/silver is stored safely in the vault of Sequel, the service which is utilized by various banks in India and various Asset Management Companies (AMCs) for their Gold-ETFs. The physical Gold/Silver stored in the vault is also covered by insurance.

Why is there a difference in buy and sell price?

The price for Gold/Silver (i.e. Buy/Sell) is displayed from the Augmont website. There is always a little disparity between the buy and sell prices. The spread varies depending on a variety of factors such as price volatility, supply, and external market circumstances. On the platform, we transparently quote the live prices. Furthermore, GST, which is imposed on the buy price, is not levied on the sell price, and there are other charges for payment gateways, trustees, and other services that contribute to the difference between the buy and sell prices.

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