Jio Financial Services has introduced a fixed deposit (FD) marketplace on its JioFinance app, enabling users to compare and invest in deposits offered by multiple banks and non-banking financial companies (NBFCs) through a single digital platform.

The feature will allow users to access FDs from institutions including Unity Small Finance Bank, Suryoday Small Finance Bank, Utkarsh Small Finance Bank, Bajaj Finance, Shriram Finance and Mahindra Finance. Users can filter options based on interest rates and tenure to make informed decisions.

JioFinance app offers interest rates of up to 8.15% per annum, including high-yield options from small finance banks and NBFCs. The entire booking journey is digital, allowing customers to complete the process within minutes without manual intervention.

“Users of the JioFinance app can now access a wide array of fixed deposits (FDs) offered by multiple banks and NBFCs on the platform. The new offering further strengthens the JioFinance app’s positioning as a one-stop destination for simple, secure, and digital-first financial services,” Jio Financial Services said in a release last evening.

“Ideal for those seeking stable, low-risk savings products, the feature allows users to seamlessly compare and invest in FDs at attractive interest rates, through a fully digital end-to-end journey,” it added.

As per the release, the app also provides detailed information on tenure, tax implications, lock-in periods and terms related to premature withdrawals. A consolidated dashboard enables users to track ongoing and closed FDs, monitor returns and maturity dates, and receive renewal reminders.

Surbhe S. Sharma, Chief Executive Officer, Jio Finance Platform and Service Limited, said the initiative aims to simplify deposit investing by removing friction in comparing issuers and tracking investments.

“FDs remain a popular savings choice in the country, yet users often struggle to compare issuers, understand rates, or track their deposits across platforms. We are enabling a seamless and transparent end-to-end digital journey for discovering, comparing, booking and tracking FDs,” Sharma said.

The FD offering on the JioFinance app is powered by Blostem Fintech Private Limited, a B2B banking infrastructure platform integrated as a Business Correspondent and/or Technical Service Provider with multiple banks and NBFCs.

Meanwhile, shares of Shares of Jio Financial Services declined over 1% in intraday trade, tracking broader market weakness and subdued volumes. The stock fell 1.11% to ₹267.25 on the BSE. It opened flat at ₹270.25 and touched an intraday high of ₹270.30 before slipping to a low of ₹266.90, with a market capitalisation of ₹1.69 lakh crore.

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