Jio Payments Bank Introduces ‘Savings Pro’ to Boost Returns on Surplus Funds
On September 22, 2025, Jio Payments Bank, a subsidiary of Jio Financial Services, came up with a new feature that allows customers to earn returns of up to 6.5% by automatically investing the surplus fund in the low-risk Overnight Mutual Funds through the Jio Finance App. With this new initiative, your idle money can become an investment.
The company says that the savings pro account allows customers to invest up to Rs 1,50,000 per day, and as per SEBI regulations, up to 90% of the invested amount, subject to a maximum of Rs 50,000 can be redeemed instantly. Any remaining balance will be credited within 1 to 2 working days.
The overnight mutual fund refers to a debt fund that invests in securities that have a maturity of one day. The risk associated with overnight mutual funds is low, and they offer more stable returns as compared to hybrid or equity funds. As per the Jio Payments Bank Limited, the 6.5% returns are based on the two-year annualised return in the ‘growth’ plans of overnight mutual funds.
Let us understand the features of Jio Payments Bank’s Savings Pro Account:
- Automated Investment: The surplus funds above the specified limit (minimum Rs 15,000) will automatically be invested in low-risk ‘Growth’ plans of Overnight Mutual Funds.
- Attractive Returns: Customers can earn higher returns of up to 6.5% on idle savings, as compared to the regular savings accounts.
- Daily Investment Limit: Customers can invest up to Rs 1,50,000 per day through the Savings Pro feature.
- Instant Redemption Facility: Customers can quickly redeem up to 90% of their invested amount, subject to an Rs 50,000 limit.
- Fully Digital: The whole process is digital with an end-to-end setup. Customers can easily track and manage their funds through the app.
- No Entry or Exit Loads or Hidden Charges: There is a transparent fee structure without any lock-in period. Additionally, customers do not have to pay any entry or exit fees.
- Set Threshold Amount According to You: Customers can set or modify the minimum balance threshold as per their choice, starting at Rs 5,000.
- Low-Risk Investment Option: The feature invests only in overnight mutual funds, which are considered to have low market risk.
