Jio Payments Bank launches ‘Savings Pro’ to auto-invest surplus savings in overnight mutual funds for up to 6.5% returns

Customers can earn better returns on their idle funds by automatically investing surplus savings into the ‘Growth’ plans of Overnight Mutual Funds directly through the JioFinance app.

Jio Payments Bank Limited, a subsidiary of Jio Financial Services Limited, has launched ‘Savings Pro’, a new feature that lets customers earn more from their idle surplus funds in their Jio Payments Bank account through automated investments in the ‘Growth’ plans of Overnight Mutual Funds.

With just a few clicks, Jio Payments Bank account holders can upgrade to a Savings Pro account. To do this, customers need to set a desired threshold amount, starting at ₹5,000 during the initial launch phase. Any surplus funds in their account above this threshold will be automatically invested in select overnight mutual funds, which carry low risk, according to the Jio Finance press release.

Customers can invest up to ₹1.5 lakh per day through this facility. Redemptions are processed according to the guidelines set by the Securities Exchange Board of India. Customers have the flexibility to instantly redeem up to 90% of their investments, with a maximum instant redemption limit of ₹50,000. Funds exceeding this amount can be redeemed within 1 to 2 working days.

The whole journey is smooth and entirely digital through the JioFinance app.

Key highlights:

• Customers can earn up to 6.5% returns* on surplus savings

• Auto-invest surplus funds above a chosen threshold (starting at ₹5,000)

• Instant redemption of up to 90% of investments (maximum ₹50,000)

• Fully digital, seamless and paperless journey via the JioFinance app

• No entry/exit loads, hidden charges or lock-in periods

This launch demonstrates Jio Payments Bank’s commitment to making savings effortless, smart, and digital for every Indian.

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 marks a significant step in Jio Payments Bank’s commitment to simplifying financial decisions and making investment-linked savings accessible to every Indian. Designed to cater to both experienced and first-time investors, the product promotes long-term financial inclusion by offering a safe, liquid, and rewarding way to grow wealth, per the release.