Jio Payments Bank Launches ‘Savings Pro’ to Turn Idle Balances into Smart Investments with up to 6.5% Returns

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Mumbai (Maharashtra), September 22: Jio Payments Bank Limited, a subsidiary of Jio Financial Services, has launched an industry-first feature called ‘Savings Pro’. This new product enables account holders to earn more from idle surplus funds by automatically investing them in the ‘Growth’ plans of Overnight Mutual Funds.

With just a few clicks, any Jio Payments Bank customer can upgrade to a Savings Pro account. Users need to set a threshold amount starting from Rs. 5,000, and any balance exceeding this will be automatically invested into low-risk overnight mutual funds. The facility allows investments of up to Rs. 1,50,000 per day, with redemptions processed as per SEBI guidelines.

Customers can instantly redeem up to 90% of their investments, with a maximum limit of Rs. 50,000 for instant redemption. Amounts exceeding this limit are credited within 1–2 working days. The entire process is fully digital and accessible via the JioFinance app.

The bank clarified that there are no entry or exit loads, hidden charges, or lock-in periods. Customers can track investments, modify thresholds, and view eligible funds with full transparency.

Vinod Easwaran, Managing Director & CEO of Jio Payments Bank, said, “Savings Pro empowers customers by transforming passive bank balances into earning opportunities. With no paperwork, zero cost, and seamless digital access, we are offering a future-ready product aligned with how Indians want to manage their money today.”

According to the company, Savings Pro is designed for both experienced and first-time investors. It promotes long-term financial inclusion by offering a safe, liquid, and rewarding way to grow wealth.

Jio Financial Services Limited (JFSL), registered with the Reserve Bank of India as a Core Investment Company, operates a full-stack financial services ecosystem. Its subsidiaries include Jio Credit Limited, Jio Insurance Broking Limited, Jio Payment Solutions Limited, Jio Leasing Services Limited, Jio Finance Platform and Service Limited, and Jio Payments Bank Limited.