Jio Payments Bank has introduced a new feature called ‘Savings Pro’, which automatically invests customers’ surplus funds into overnight mutual funds for potential returns of up to 6.5%. The announcement was made on Monday.
Customers can set a minimum balance of ₹5,000, with any excess funds being automatically allocated to growth plans of overnight mutual funds via the JioFinance app. Daily investments can go up to ₹1.5 lakh using this service.
The platform allows for instant redemption of up to 90% of investments, capped at ₹50,000, while larger withdrawals can be processed within 1-2 working days. Notably, the service has no entry or exit fees, hidden charges, or lock-in periods.
“In an environment of softening interest rates, today’s financially aware customers are actively seeking smarter alternatives to grow their savings,” commented Vinod Easwaran, Managing Director and CEO of Jio Payments Bank.
The anticipated returns are derived from annualized performance data of overnight mutual fund growth plans over the last two years. It is important to note that mutual fund investments entail market risks, and all redemptions are regulated by SEBI guidelines.
As part of Jio Financial Services Limited, Jio Payments Bank claims this initiative is a first in the industry, aimed at helping customers enhance returns on inactive bank balances through automated digital investments.
On the stock market, shares of Jio Financial Services were trading at ₹316.70, reflecting a decline of ₹0.30 or 0.09% on the NSE at 11.20 am.
Published on September 22, 2025.
