Jio Payments Bank, part of Jio Financial Services Ltd, has introduced a new plan called ‘Savings Pro’.
This plan lets customers earn up to 6.5% interest on idle balances in their bank accounts.
Easy Account Upgrade and Investment Options
Any Jio Payments Bank account holder can upgrade to a ‘Savings Pro’ account with just a few clicks.
Customers need to set a minimum balance limit, starting at Rs 5,000 during the initial phase.
Any balance exceeding this limit will be automatically invested in selected overnight or very short-term mutual fund schemes that carry low risk.
How the ‘Savings Pro’ Account Works
Any Jio Payments Bank account holder can easily upgrade to a ‘Savings Pro’ account with just a few clicks.
Customers need to set a minimum balance limit, starting at Rs 5,000 during the initial phase.
Any money beyond this limit will be automatically invested in selected overnight or very short-term mutual fund schemes, which are low-risk investments.
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