Now you can invest in fixed deposits (FDs) from banks and NBFCs using the JioFinance app. The app is available on both Android and iOS devices.
It allows users to view details of FDs from different banks and NBFCs, including interest rates, which helps them make better investment decisions.
Banks and NBFCs Offering FDs on JioFinance
JioFinance has partnered with several banks and finance companies, including:
• Union Small Finance Bank
• Suryoday Small Finance Bank
• Bajaj Finance
• Shriram Finance
• Utkarsh Small Finance Bank
• Mahindra Finance
These institutions offer interest rates of up to 8.15% per annum on fixed deposits for different tenures. Many people prefer bank FDs because they are considered a safe investment option.
All FD Details Available on the App Dashboard
The JioFinance app provides complete information about fixed deposits on its dashboard.
Surbh S Sharma, CEO of Jio Finance Platform and Services, said that users can now invest in FDs from multiple banks and choose options based on their life goals.
He also explained that although FDs are a popular savings option in India, users often find it difficult to compare FD rates, understand terms, and track their deposits. The app solves these problems by bringing everything to one place.
Book Fixed Deposits in Just a Few Minutes
The app offers a unified dashboard where users can track both active and closed FDs.
It shows returns, maturity dates, and renewal reminders. Users can also check details like taxes, lock-in period, tenure, terms and conditions, and more.
The entire FD booking process is digital and end-to-end, making it possible to book a fixed deposit within minutes without any hassle.
Multiple Financial Services Available on JioFinance
JioFinance is the financial arm of the Reliance Group. It provides a single platform for many financial services, including:
• UPI payments
• Digital banking
• Loans
• Savings
• Investments
• Insurance
• Wealth tracking
Recently, the platform added the facility to book bank fixed deposits. Users can compare FD options from different banks and view their interest rates directly on the app.
