Mumbai, September 22 (Udaipur Kiran News): Jio Payments Bank Limited, a subsidiary of Jio Financial Services Limited (JFSL), has introduced ‘Savings Pro’, a new feature that allows customers to earn higher returns on surplus funds in their bank accounts by automatically investing them in the ‘Growth’ plans of Overnight Mutual Funds.
With this launch, customers can set a threshold starting at ₹5,000, and any balance above that limit will be invested in select low-risk overnight funds through the JioFinance app. Customers can invest up to ₹1.5 lakh per day, with instant redemption available for up to 90% of the investment (capped at ₹50,000), while larger withdrawals will be processed within 1–2 working days.
The facility is fully digital, with no entry or exit load, hidden charges, or lock-in periods. Customers can track investments, set or modify thresholds, and view eligible funds with complete transparency.
Vinod Easwaran, Managing Director and CEO of Jio Payments Bank, said, “Savings Pro empowers customers to turn a passive bank balance into an earning opportunity. With no paperwork, no cost, and easy access, we are offering a future-ready product that aligns with how Indians want to manage money today — effortlessly, intelligently and digitally.”
The product aims to bring investment-linked savings within reach of both first-time and experienced investors, aligning with Jio Payments Bank’s focus on financial inclusion and offering a safe, liquid, and rewarding way to grow wealth.
Jio Financial Services, the parent company, operates a full-stack financial services business through subsidiaries across credit, insurance, payments, leasing, and asset management. Its digital-first approach aims to strengthen financial well-being for Indian citizens.
My name is Bhupendra Singh Chundawat. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
Leave a Comment