Jio Payments Bank Limited, a subsidiary of Jio Financial Services, has launched ‘Savings Pro’, an innovative feature that enables customers to earn higher returns on the idle funds in their accounts. This industry-first initiative allows account holders to automatically invest surplus savings into the Growth plans of Overnight Mutual Funds directly through the JioFinance app, making it easier than ever to grow their money with minimal risk.
Customers can upgrade to a Savings Pro account with just a few clicks and set a threshold amount starting at ₹5,000. Any funds exceeding this threshold are automatically invested, ensuring that idle money works harder. The facility allows investments of up to ₹1,50,000 per day, and customers can instantly redeem up to 90% of their investments, with a maximum instant redemption limit of ₹50,000. Amounts above this limit are redeemable within one to two working days, giving customers both flexibility and control.
The Savings Pro experience is entirely digital, seamless, and designed to help users make the most of their idle liquidity. With the option to earn up to 6.5% returns on surplus funds, this initiative provides an efficient and convenient way for Jio Payments Bank customers to grow their money while keeping it accessible whenever needed.
