Q.1: What is Spare 8 App?

Spare 8 is a Micro Investment Platform operated by Spare8 Platforms Pvt. Ltd. located at SPARE 8 PLATFORMS PVT LTD. Ground Floor, 2, Sita Mahal, 624, Linking Road, Khar, Mumbai - 400052. Spare8 allows you to save and invest in Gold with an amount of ₹10. And gives you the option to earn returns up to 15% P.A. Spare8 gives you the opportunity to earn commission up to ₹500 through Refer and Earn.

Q.2: What is Spare8 Referral Code?

Spare 8 Referral Code is (5LPH72), using which you can create your account in Spare8. And you can easily invest your money in Digital Gold.

Q.3: How to Download Spare8?

If you want to invest in Digital Gold or want to earn money by referring. So for this, first of all you have to download Spare8 App. To download it, you have to click on the Join Now button. Then you will reach Playstore. From where you have to Install Spare 8 App.

Q.4: How to create an account in Spare8?

When you install the Spare8 app, and want to earn returns of up to 15% P.A by investing your money in gold, then for this you can create your account inside the Spare8 app. You will find the step by step process of which below.

1. First of all you have to open Spare8 App.
2. After that you will see the Login / SignUp page. Where you have to enter your mobile number and click on Get OTP.
3. Now a 6 digit OTP will be sent to your number. You have to enter it and click on the Submit OTP option.
4. After that you have to enter your full name, which is on your PAN card. Click on the Next button.
5. Now you have to enter your Date of Birth, then click on the Next option. After that you have to select the gender.
6. Then you have to enter your PIN code number. After that click on the Next button.
7. Now you have to click on the Have A Referral Code option and enter the Spare 8 Referral Code (5LPH72). And click on the Next option.
8. After that your account is ready.

Q.5: Where to enter Referral Code in Spare 8?

When you create your account in Spare8, and you are asked for Referral Code, then you can use Spare 8 Referral Code (5LPH72). Or if you have not entered the Referral Code at that time, then also you can use our Referral Code (5LPH72). For this, you will get the option of Enter Referral Code on the Home Page. Where you have to click on the Submit Now button. After that you have to enter the Spare 8 Referral Code (5LPH72).

Q.6: How to do KYC Verification in Spare 8?

When you create your account in Spare8, and want to buy gold or lease gold, then for this you need to do KYC in Spare8. We have given the step by step information for doing KYC in Spare8 below. Which you can follow.

1. First of all you have to open Spare8 App, after that you have to click on Profile.
2. Now you have to click on the option of KYC Verification. Then you have to click on the option of Complete KYC.
3. After that, you have to fill your KYC details like entering Pan Number, Full Name (as per Pan), Date of Birth (as per Pan) and click on the Submit Details option.
4. Now your KYC Verification has been completed in Spare8.

Q.7: Why is KYC Verification necessary in Spare 8?

Friends, it is not necessary for everyone to verify KYC inside Spare8, but you need KYC in Spare8 App only if you want to invest more than ₹ 1.8 lakh*. Otherwise you can invest in Spare8 App without KYC.

Q.8: How to Add Nominee in Spare 8?

Friends, when you invest in Spare8, but God forbid, you are no more. Then you can decide who gets your investment money and its returns. Spare8 is not providing you the facility to add a nominee right now. But the option has been given in it. You will get to see the update soon.

Q.9: How to buy Golds in Spare 8?

If you want to invest for your future and want to get good returns on your money from FD and Saving Account with less risk, then Digital Gold can prove to be better for you. You will find step by step information about buying gold in Spare 8 below.

1. First of all you have to open Spare8 App. After that you will see the option of Buy Gold on the home page.
2. After clicking on it, you have to enter your Investment Amount and then click on the Proceed button.
3. Now you have to click on the Invest Now button. After that you have to make the payment. The UPI app will be present in your phone.
4. Through that you can make payment, and your gold investment will be completed.

Q.10: What is Spare 8+?

You can start your gold investment journey with Spare8+. Because Spare8+ has a partnership with Augmont, India's leading gold refinery. Which works by investing in digital gold and leasing people's gold safely to trusted jewelers of India. And in return, they get returns of 4% to 5% from them. And on an average, gold gives a return of 11% in a year. So in this way, they give you an opportunity to earn returns of up to 15% per annum.

Q.11: How to Invest in Spare 8+?

Friends, if you want to get good returns by investing your money in gold, then you can invest in Spare8+, and get up to 15% return on your investment. For this, you should carefully follow all the steps given below.

1. First of all you have to open Spare8 App.
2. After that you have to click on Spare 8+ Option. Now you will see here that you are getting 4% extra returns compared to Gold.
3. After that you have to click on the Choose Plan option, now you will see the New Lease Plan here. Where you are getting 3.5% Extra Returns without Lock-In Period.
4. That means you can get returns of up to 15.5% P.A. by investing in Spare8+. You have to click on the option of Choose Quantity.
5. Now you have to select your investment quantity. After that click on View Summary. Where you will get to see all the details. Then you have to make the payment by clicking on Agree and then clicking on Proceed.
6. Now your gold will be purchased and given on lease. And you will get 3.5% extra returns.

Q.12: Who can invest in Spare 8+?

If you want to invest in Spare 8+, then you must be doubting whether you can invest in Spare8+ or not. Let me tell you that you can definitely do it. Your age should be 18+. And it is very important that you have your own bank account and PAN card. Only then can you invest in Spare8+.

Q.13: Is KYC required to invest in Spare 8+?

Friends, if you want to invest in Spare8+ and want to get returns of up to 15% P.A. on it, then KYC is necessary for this. Where you have to enter your PAN card number and date of birth, after that your KYC becomes successful. KYC is required in Spare 8+ when you have to invest more than ₹ 1.8 lakh*.

Q.14: What is the minimum investment you can make in Spare 8+?

Friends, you can start investing in Spare8 from ₹10. But if you want to invest in Spare8+, you can start with a minimum of 0.5g, and there is no maximum limit. You can invest as much as you want.

Q.15: Do I have to pay GST on buying Gold in Spare 8+?

Friends, whenever you purchase gold in physical form or digital form, you have to pay GST because of the rules of the government. You have to pay GST once. After that, the gold you have earned will be yours, no additional GST will be charged.

Q.16: How to track investment in Spare 8?

When you buy digital on Spare8 and want to see it, or you invest in Spare8+ and want to track it, then for this you have to click on the Track option on the Home Page. After that you can track your purchased gold under Gold Balance. Along with this, you can see the information of your leased gold by clicking on Lease Locker.

Q.17: What is Slot Machine in Spare8?

Slot machine features are available inside Spare 8, which can be accessed immediately after creating an account. Here you get the option to win free golds. Whenever you auto invest at least ₹ 10 in Spare 8. After that you get a spin.

Q.18: How to see Transactions Details in Spare 8?

Friends, when you make any kind of investment in Spare8, like buying gold or leasing gold. If you want to see its transaction details, then you have to click on Profile, after that you can see the details of all your transactions by clicking on Transactions History.

Q.19: What is Refer And Earn Program in Spare 8?

Friends, if you want to earn money without investment in Spare8, then for this you get the option to earn money by referring. You can share Spare8 with your friends and other family members to invest in Digital Gold. You get a referral commission of up to ₹500 on each referral. Spare8 gives this commission to both the referrer and the referee.

Q.20: How to Join Refer And Earn Program in Spare 8?

Friends, if you want to join Spare8's Referral Program, and want to earn commission by inviting your friends and family members. So for this you should join the Refer and Earn Program. Its step by step process is given below.

1. First of all you have to open Spare8, after that you will reach the Home Page.
2. Now you have to go down a bit, where you will see the option of Refer & Earn. You have to click on it.
3. After that you will see the option of Enter Referral Code. In which you have to enter Spare 8 Referral Code (5LPH72).
4. Now click on the Invite option and invite your friends through WhatsApp etc.

Q.21: How much commission do you get on joining Spare 8 using Referral Code.

Friends, when you create an account in Spare8 App and use our referral code and buy gold, you get up to ₹500 worth of free gold. Which you can sell and withdraw into your bank account.

Q.22: How much commission do you get for referring to Spare 8?

Once you create your account in Spare8, and want to earn money by referring, you can do this easily. Spare8 gives you ₹500 worth of free gold for each referral. You can sell it and withdraw it into your bank account.

Q.23: How to get Customer Support in Spare 8?

Friends, if you face any problem while buying gold or leasing gold inside Spare8 App, then you can go to Profile and click on Reach Out To Us. After that you get support by mailing.