JioFinance has strengthened its position as a digital-first financial services platform by introducing a wide range of Fixed Deposit (FD) options on its app. The new feature enables users to compare and invest in fixed deposits from multiple banks and NBFCs through a fully digital and secure journey, making it easier for savers to access stable, low-risk investment products.
The move positions the JioFinance app as a one-stop destination for individuals seeking secure savings instruments with competitive interest rates, transparent terms, and seamless tracking.
Multiple FD Providers Available on JioFinance App
Users can now explore and compare fixed deposits offered by leading banks and NBFCs, including Unity Small Finance Bank, Suryoday Small Finance Bank, Bajaj Finance, Shriram Finance, Utkarsh Small Finance Bank, and Mahindra Finance.
The app provides smart filters that allow users to sort FDs based on interest rates and tenure, helping them make informed decisions aligned with their financial goals. This comparison-based approach enhances transparency and simplifies the investment process.
Competitive FD Interest Rates Up to 8.15%
The platform offers access to interest rates of up to 8.15% per annum, including high-yield fixed deposit options from select Small Finance Banks and NBFCs. For investors looking for better returns compared to traditional savings accounts, these FD options provide an attractive alternative while maintaining relatively low risk.
Fully Digital and Secure FD Booking Process
One of the key highlights of the new feature is its completely digital, end-to-end booking experience. Users can open and invest in fixed deposits within minutes without any manual paperwork or physical visits. The streamlined interface ensures a simple, secure, and hassle-free transaction process.
Transparent FD Details for Better Financial Planning
The JioFinance app provides clear information on:
Tenure options
Interest rates
Tax applicability
Lock-in periods
Premature withdrawal terms and conditions
This transparency helps users plan their investments more effectively and avoid hidden surprises.
Unified Dashboard for FD Tracking
The app also offers a consolidated dashboard where users can monitor both active and matured FDs. It allows tracking of returns, maturity dates, and renewal reminders, ensuring better financial discipline and timely reinvestment decisions.
Powered by Blostem Fintech
The fixed deposit marketplace on the JioFinance app is powered by Blostem Fintech Private Limited. The company operates as a Business Correspondent and/or Technical Service Provider (TSP) integrated with multiple banks and NBFCs, enabling smooth digital infrastructure for FD investments.
How to Book a Fixed Deposit on JioFinance App
To invest in a fixed deposit, users can download the JioFinance app, navigate to the ‘Fixed Deposits’ section on the home page, compare available options, and complete the booking process in a few simple steps.
With competitive interest rates, a wide range of FD providers, and a seamless digital experience, the JioFinance app’s latest offering enhances accessibility to secure savings products for retail investors across India.
