JioBlackRock integrates Overnight Fund with Jio Payments Bank’s Savings Pro feature

JioBlackRock Asset Management Pvt. Ltd., the joint venture between Jio Financial Services Ltd. and BlackRock, has integrated its JioBlackRock Overnight Fund with ‘Savings Pro’, a savings-plus-investment feature available on the JioFinance App through Jio Payments Bank Ltd. (JPBL). 

The integration allows customers to automatically deploy surplus balances from their bank accounts into overnight mutual funds through a fully digital process, combining everyday banking with investment capabilities. 

Savings Pro is designed to help customers earn potentially higher returns on idle balances while maintaining liquidity and easy access to funds. The feature enables users to set a threshold amount in their savings account, with any surplus above that level automatically invested in the JioBlackRock Overnight Fund. 

Customers can choose between an Auto-Invest option, which invests surplus balances daily, or a One-Time investment option for immediate deployment. Thresholds can be set between ₹5,000 and ₹1.5 lakh, while the platform permits daily investments of up to ₹1.5 lakh. 

The offering is aimed at customers seeking a simple way to manage excess cash without compromising liquidity. Investors can redeem up to ₹50,000 or 90% of the invested amount, whichever is lower, instantly. Redemption requests exceeding this limit are processed on a T+1 basis in line with regulatory requirements. 

The product carries no entry or exit load, has no lock-in period and does not levy any hidden charges. 

“Customers today are increasingly seeking simple and seamless ways to manage surplus balances,” said Sid Swaminathan, Managing Director and Chief Executive Officer of JioBlackRock Asset Management. “Through this integration, we are combining digital banking convenience with access to overnight fund solutions in a transparent and accessible manner. This aligns with our broader effort to expand access to investment solutions for a wider set of investors.” 

Vinod Easwaran, Managing Director and Chief Executive Officer of Jio Payments Bank, said the initiative reflects the bank’s focus on enhancing digitally enabled financial solutions. 

“Savings Pro is designed to provide a convenient way to manage surplus balances while maintaining flexibility, liquidity and ease of access,” he said. 

The facility is available to Jio Payments Bank savings and salary account holders through the JioFinance App. Customers can complete onboarding digitally using Aadhaar-based verification and video KYC. The platform also enables users to set or modify investment thresholds, monitor transactions and track investments in real time. 

The companies said the integration marks another step towards building a more integrated digital financial ecosystem by bringing banking and investment services together on a single platform.