Abhishek Sinha
In an environment where every rupee matters, letting your bank balance sit idle may mean missing out on potential growth. Jio Payments Bank’s Savings Pro aims to change that by helping customers earn higher returns on surplus funds — without compromising on safety or liquidity.
Here’s how Savings Pro helps make your savings work harder:
1. Earn Up to 6.5% on Surplus Funds
Savings Pro is built to optimise returns on extra funds in your account. Any balance above a pre-set threshold — starting from ₹5,000 — can be automatically invested in overnight mutual funds backed by government securities. This structure allows users to potentially earn returns of up to 6.5%, while maintaining a relatively low-risk profile.
2. Automatic Investments with Easy Access
Users can define their own investment threshold and deploy up to ₹1.5 lakh per day. When liquidity is needed, up to 90% of the invested amount (capped at ₹50,000) can be redeemed instantly. The remaining balance is credited within 1–2 working days, ensuring flexibility and quick access to funds.
3. Fully Digital and Paperless Process
From activation to monitoring returns, the entire process is managed through the JioFinance app. There’s no paperwork, no branch visits, and no waiting — making it convenient for digitally savvy customers.
4. No Lock-in or Hidden Costs
Savings Pro offers complete transparency. There are no entry or exit loads, no hidden charges, and no lock-in period, giving users full control over their money at all times.
5. A Smarter Blend of Savings and Growth
By combining the liquidity of a savings account with the return potential of mutual fund investments, Savings Pro offers a balanced approach. It is designed for retail customers who want to keep their money accessible while aiming for better returns than a traditional savings account.
With automation, flexibility, and digital ease at its core, Savings Pro presents an intelligent way to grow idle funds safely and efficiently.
