Jio Payments Bank has launched ‘Savings Pro’, a function that automatically invests the surplus funds of customers in overnight funds to achieve up to 6.5 percent return, the company announced on Monday.
With the service, customers can set a minimum threshold of £ 5,000, with surplus funds being automatically invested in growth plans of accommodation funds via the Jiofinance app. Customers can invest up to £ 1.5 Lakh daily through this facility.
The platform offers immediate repayment of a maximum of 90 percent of the investments, covered at £ 50,000, while larger amounts can be withdrawn within 1-2 business days. The service has no access or starting costs, hidden costs or locking periods.
“In an environment of mitigating interest rates, today’s financial conscious customers are actively looking for smarter alternatives to grow their savings,” said Vinod Easwaran, director and CEO of Jio Payments Bank.
The return is based on annualized 2-year performance data of growing plans for overnight stays in investment funds. Investment fund investments are subject to market risks and SEBI guidelines are of the repayments.
Jio Payments Bank, a subsidiary of Jio Financial Services Limited, positions this as an initiative in the industry to help customers maximize returns on inactive bank balance by automated digital investments.
The shares of JIO Financial Services traded at £ 316.70 Down by £ 0.30 or 0.09 percent on the NSE at 11.20 hours.
Published on September 22, 2025
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