Jio Payments Bank launches 'savings pro' for higher returns

Jio Payments Bank Limited, a subsidiary of Jio Financial Services Limited, announced the launch of ‘Savings Pro’ on September 22, 2025. This new feature allows customers to earn up to 6.5%* returns on their surplus funds by automatically investing them into the ‘Growth’ plans of Overnight Mutual Funds directly through the JioFinance app. This initiative aims to help customers maximize returns on idle liquidity.

Any Jio Payments Bank account holder can upgrade to a Savings Pro account with a few clicks. Customers can set a threshold amount, starting at ₹5,000, and any funds exceeding this threshold will be automatically invested into select low-risk overnight mutual funds. Customers can invest up to ₹1,50,000 per day. The service also offers flexibility for instant redemptions of up to 90% of investments, with a maximum instant redemption limit of ₹50,000, while larger amounts can be redeemed within one to two working days.

Vinod Easwaran, managing director and chief executive officer of Jio Payments Bank Limited, highlighted that Savings Pro empowers customers by transforming passive bank balances into an earning opportunity, aligning with modern financial management preferences. The service boasts no entry or exit loads, hidden charges, or lock-in periods, offering complete transparency and full control over investments via the JioFinance app.