Jio Payments Bank will soon launch the deposit of the “Savings Pro” that is automatically invested in the bank account in the bank account in the overnight funds for better returns, said Hitesh Sethi, Jio Financial Services (JFS), during the second annual general meeting of the company. .
“The Payments Bank will soon launch an innovative product called Savings Pro, which will yield the first savings account of customers India that auto-invests idle cash at night investment funds for better returns,” he said. From the end of June the general savers of Jio Payments Bank were 2.58 million, more than 50,000 business correspondents and total deposits of £ 358 Crore.
Sethia said that JFS uses technology and data analysis for providing relevant products to customers and in the coming months the company will introduce more strategic bonds with large financial service providers to further expand its portfolio with new products.
JFS ‘Non-Bancaire Arm
The non-banking arm of JFS, the general assets of Jio Credit (AUM), was around £ 11,600 crore in Q1FY26, driven by growth in secure assets, including housing loans, loans against real estate, loans about securities and company loans.
“We follow a risk-balibated growth strategy in this company, by aware of Prime and near-Prime customers, as well as high-desired business borrows,” Sethia said.
Published on August 28, 2025
#Jio #Payments #Bank #launch #savings #account #car #invests #MFS #night #returns