Investment22 Sept 2025, 10:36 am
Jio Payments Bank introduces 'Savings Pro'; earn up to 6.5% returns on surplus funds
AI Summary
Jio Payments Bank, a subsidiary of Jio Financial Services Limited, has launched 'Savings Pro', an innovative feature that enables customers to earn more from idle surplus funds in their Jio Payments Bank account. Customers can invest their surplus funds into select overnight mutual funds, which carry low risk, and earn up to 6.5% returns. The entire journey is seamless and fully digital via the JioFinance app. With no entry or exit loads, hidden charges or lock-in periods, customers can maximise their returns and have full control over their money.
Key Highlights
- Jio Payments Bank introduces 'Savings Pro' for customers to earn more from idle surplus funds.
- Customers can invest their surplus funds into select overnight mutual funds with low risk.
- Investments can be made up to ¥1,50,000 per day through this facility.
- Redemptions are processed in accordance with the guidelines set by the Securities Exchange Board of India.
- No entry or exit loads, hidden charges or lock-in periods.