Jio Payments Bank Launches 'Savings Pro' for Higher Returns on Idle Funds

• Jio Payments Bank introduces Savings Pro, a digital savings solution that automatically invests surplus balances into overnight mutual funds.
• Customers can earn potential returns of up to 6.5%, significantly higher than traditional savings accounts.
• Users set a minimum balance (starting at ₹5,000); funds above this threshold are automatically invested.
• The service allows daily investments up to ₹1.5 lakh, with instant redemption of up to 90% (max ₹50,000).
• Savings Pro is fully digital, paperless, accessible via JioFinance app, with no entry/exit charges or lock-in periods.

Why It Matters: Jio Payments Bank's Savings Pro offers a digital way to earn higher returns on idle funds through mutual fund investments.