Jio Payments Bank Launches ‘Savings Pro’, Now Customers Can Earn High Returns on Savings

Jio Payments Bank Limited, a subsidiary of Jio Financial Services, has announced the launch of ‘Savings Pro’, a new feature that allows customers to earn higher returns. Now Customer can earn high returns on surplus funds in their bank account through automatic investments in overnight mutual funds.

Customers can set a threshold amount — starting from ₹5,000 in the initial launch phase. Any balance above this limit will automatically be invested in select overnight mutual funds, which are considered low risk.

Customers can invest up to ₹1,50,000 per day. For redemptions, up to 90% of the invested amount can be withdrawn instantly, subject to a maximum of ₹50,000. Larger redemption requests will be settled within one to two working days, as per SEBI guidelines.

The service is fully digital and available through the JioFinance app. Customers can set or modify thresholds, track their returns, and view eligible mutual funds with complete transparency.

Features of Jio Payments Bank Savings Pro

Jio Payments Bank highlighted that the feature comes with no entry or exit loads, hidden charges, or lock-in periods, giving customers more control and flexibility over their money.

Vinod Easwaran, Managing Director and Chief Executive Officer, Jio Payments Bank Limited, said, “In an environment of softening interest rates, today’s financially aware customers are actively seeking smarter alternatives to grow their savings. Savings Pro empowers them to do just that by turning a passive bank balance into an earning opportunity. With no paperwork, no cost, and easy access, we are offering a future-ready product that aligns with how Indians want to manage money today — effortlessly, intelligently and digitally.”

Savings Pro, a liquid Auto Sweep Savings Account, ensures you’re never far from your money. You can instantly redeem your invested amount, up to a defined limit instantly*, 24×7. No lock-ins, no delays, and no paperwork – just seamless access to your funds whenever you need.

Your savings are handled end-to-end with automated money management. It tracks & monitors balances, invests automatically, and redeems instantly — ensuring your idle funds work smarter – consistently and effortlessly.

What is Savings Pro?

Savings Pro is an innovative savings and investment account offering from Jio Payments Bank. This industry-first offering, allows customers to seamlessly auto-invest surplus funds into mutual funds, providing an opportunity to earn higher returns compared to a traditional savings account. With the flexibility to redeem funds as needed, Savings Pro combines the convenience of a savings account with the potential for better financial growth.

Who will be eligible to open Savings Pro?

New Customers: Anyone who doesn’t have a Jio Payments Bank (JPB) Savings or Salary Account can get Savings Pro. To do this, they first need to open a Savings Account and then upgrade to Savings Pro.
Existing Customers: Current JPB Savings/Salary account holders can upgrade to Savings Pro. JPB Wallet and Aadhaar A-OTP Savings Account Users can upgrade to a JPB Savings Account to access Savings Pro.

How do I open Savings Pro?

Simply download the JFS App, tap on the Bank tab, select Savings, and follow the quick digital onboarding steps. Once you are onboarded, you can upgrade to Savings Pro.

How is it different from a regular savings account?

Unlike regular savings accounts, Savings Pro puts your idle money to work by investing it — and still gives you access to your funds whenever you need them and provides higher returns as compared to a regular savings account.

What are the benefits of Savings Pro?

• Higher Returns: Surplus funds are invested in Overnight Mutual Fund without any entry or exit load, offering better returns compared to a savings account.
• Flexibility: Customers will be able to view their portfolio in a single view and will be able to redeem investments anytime at the click of a button.
• Low Risk: Investments in Overnight Mutual Fund ensures safety and stability.
• Automation: Auto-investment ensures hassle-free fund management.
• Convenience: Combines savings and investment features in a single account.