Jio Payments Bank Unveils 'Savings Pro' with 6.5% Interest

By siliconindia  |  Monday, September 22, 2025

Jio Payments Bank Unveils 'Savings Pro' with 6.5% Interest
  • Jio Payments Bank introduces ‘Savings Pro’ allowing customers to earn up to 6.5% interest on surplus balance.
  • Surplus funds above a set threshold are automatically invested in low-risk overnight mutual funds through the JioFinance app.
  • The service offers instant redemption, no hidden fees, and a fully digital, transparent experience.

Jio Payments Bank has introduced a new savings product called ‘Savings Pro’ that lets customers earn up to 6.5% interest on surplus money sitting idle in their accounts. This service automatically invests excess funds over a chosen limit into low risk overnight mutual funds via the JioFinance app, making it easier for users to grow their savings without extra effort.

Customers can upgrade their existing Jio Payments Bank accounts to Savings Pro quickly and easily. They set a threshold amount starting from Rs 5,000, and any balance above that limit is automatically invested every day in select overnight mutual funds. This approach helps customers make the most of their surplus money while maintaining safety through low risk investments.

The daily investment limit is Rs 1.5 lakh, allowing users to put a significant amount into these funds. Redemption is flexible, customers can instantly withdraw up to 90% of their investment with a maximum immediate withdrawal of Rs 50,000. For amounts beyond this limit, redemption takes 1 to 2 working days, complying with Securities and Exchange Board of India (SEBI) rules.

Also Read: Jio 9th Anniversary, Rs 349 Plan with Unlimited Data, OTT Perks & Special Offers

One of the standout features of Savings Pro is that it has no entry or exit loads, hidden fees, or lock in periods. This means users get full transparency and control over their money. Through the JioFinance app, customers can easily track their returns, adjust thresholds, and view details of eligible mutual funds.

By combining the benefits of higher interest rates and easy access to funds, Jio Payments Bank’s Savings Pro offers a smart, digital way for customers to grow their money while keeping it liquid and safe.