Jio Payments Bank just rolled out a game-changing feature called Savings Pro, letting customers turn their idle cash into smarter earnings through automatic investments in low-risk overnight mutual funds. Announced on Monday, this industry-first tool comes from Jio Financial Services’ banking arm and aims to help everyday Indians grow their savings effortlessly.
Anyone with a Jio Payments Bank account can switch to Savings Pro in just a few clicks on the JioFinance app. You pick your threshold—starting at Rs 5,000 for now—and any extra money sitting above that gets automatically swept into select overnight mutual funds. These funds keep things simple and safe, with minimal risk and quick access to your money.
The setup lets you invest up to Rs 1,50,000 a day, following Securities Exchange Board of India rules for redemptions. Need cash fast? You can pull out up to 90% of your investment instantly, capped at Rs 50,000. Anything over that hits your account in one to two working days. Everything happens digitally through the app, no branches or hassle required.
Best part: No entry or exit fees, no hidden charges, and no lock-in periods. That means full control over your funds, plus easy tools to check out eligible mutual funds, tweak your threshold, and track your returns in real time. It’s all about transparency and making your money work harder for you.
Vinod Easwaran, the Managing Director and CEO of Jio Payments Bank, shared his excitement: “In a time of falling interest rates, savvy customers want better ways to boost their savings. Savings Pro does exactly that by transforming idle balances into real earning potential. With zero paperwork, no costs, and instant access, it’s a modern solution that fits how Indians handle money today—smooth, smart, and all digital.”
This launch underscores Jio Payments Bank’s push to make finance simpler and more inclusive. Whether you’re a seasoned investor or just starting out, Savings Pro offers a secure, flexible path to building wealth through investment-linked savings.
Jio Financial Services Limited, a Reserve Bank of India-registered Core Investment Company, runs a range of services via subsidiaries like Jio Payments Bank, helping bring full-stack financial options to millions.
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