Jio Payments Bank

Jio Payments Bank launches ‘Savings Pro’ to help customers earn up to 6.5% returns on their surplus funds

Jio Financial Services increases stake in Jio Payments Bank to 82.17%

Jio Financial Services has increased its stake in Jio Payments Bank Limited (JPBL) to 82.17% after subscribing to 6.8 crore equity shares at ₹10 per share.

Payments banks account can now hold maximum balance of Rs 2 lakh: RBI

Payments banks are similar to normal banks but do not offer full-fledged services of a normal bank.