Jio Payments Bank Introduces 'Savings Pro' to Maximize Your Idle Funds

Jio Payments Bank has launched 'Savings Pro', a savings solution offering up to 6.5% returns. Customers can set a threshold amount, with surplus funds automatically invested in low-risk overnight mutual funds. The process is entirely digital, providing seamless management with no hidden charges or lock-in periods.

Jio Payments Bank, a branch of Jio Financial Services Ltd (JFSL), announced the rollout of 'Savings Pro' on Monday, a new initiative aimed at unlocking potential earnings from dormant funds in customers' accounts.

The platform allows users to seamlessly upgrade their accounts, initiating automatic investments in low-risk overnight mutual funds for any surplus balance exceeding a set threshold amount, which starts at ₹5,000.

Offering notable convenience through the JioFinance app, the service promises transparency with no hidden fees, empowering customers to make informed financial decisions that enhance their savings.

(With inputs from agencies.)