About Locker
Locker is a Bitcoin savings app for India.
Most of us already save in some form — an FD, a PPF account, a mutual fund SIP, maybe some gold. Locker adds one more option to that list. You put away a small amount in Bitcoin on a schedule and leave it alone for a long time.
How it works
Pick an amount and how often. ₹100 a day, ₹500 a week, ₹2,000 a month, whatever you are comfortable with. Finish KYC once, pay by UPI, and after that it runs on its own. We generate your tax statement every year by 1 April so you are not hunting for numbers at filing time.
What we don't do
We are not an exchange. You won't find altcoins here, or price charts on the home screen, or leverage and trading pairs. If you want to trade, an exchange will serve you better than we will, and we would rather say that upfront.
Who is building this
Bharath T, co-founder and CEO. Krishna Teja, co-founder and CTO.
Backed by
Skycatcher, Polygon Ventures, GSF, Scalo Technologies, Fulgur Ventures, and angel investors.
Legal entity and compliance
Locker is operated by Abhibha Technologies Private Limited and registered with FIU-IND (Financial Intelligence Unit of India) as a Reporting Entity under PMLA, 2002. Our KYC and AML standards are the same ones your bank follows.
Abhibha Technologies also runs OnMeta, a payments infrastructure business.
Where we are
The app is live on Google Play. Download it, finish your KYC, and you can start saving from ₹100 the same day. There is no iOS app yet.
Get in touch
Write to us at hello@thelocker.tech. There is also 24×7 chat support inside the app.
Bitcoin is a Virtual Digital Asset and its price can change sharply. Bitcoin has fallen more than 75% from its peak several times in its history. Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. 30% tax applies on income from VDA transfers under Section 115BBH, and 1% TDS may be deducted at source under Section 194S. This page is general information, not financial advice.