**Jio Payments Bank Now Turns Your Idle Money into Returns**
*By Mudit Dube | Sep 22, 2025, 01:33 PM*
Jio Payments Bank has introduced an innovative new feature called **’Savings Pro’** that automatically invests customers’ excess funds into overnight mutual funds. This initiative aims to help account holders earn attractive returns of up to **6.5%** on their idle bank balances. Jio Payments Bank is promoting this as an industry-first service designed to maximize the potential of your savings.
### How ‘Savings Pro’ Works
The ‘Savings Pro’ feature enables customers to set a minimum balance threshold starting at ₹5,000. Any amount exceeding this limit is automatically invested in the growth plans of overnight mutual funds.
Customers can invest up to ₹1.5 lakh per day through this facility. Additionally, the feature offers flexible redemption options:
– Instant redemption of up to 90% of investments (up to ₹50,000) is available.
– Withdrawals of larger amounts can be processed within 1-2 working days.
Importantly, there are no entry or exit charges or lock-in periods, providing users with greater liquidity and control over their funds.
### Market Response and Benefits
Vinod Easwaran, MD & CEO of Jio Payments Bank Limited, highlighted that ‘Savings Pro’ is a response to the increasing demand for smarter savings solutions in an environment of softening interest rates. He stated,
*”Today’s financially aware customers are actively seeking smarter alternatives to grow their savings.”*
The returns offered through ‘Savings Pro’ are based on the annualized 2-year performance data of overnight mutual fund growth plans. However, it is important to note that these investments are subject to market risks.
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With ‘Savings Pro,’ Jio Payments Bank is empowering customers to make their money work harder, bridging the gap between traditional banking and investment opportunities seamlessly within their accounts.
https://www.newsbytesapp.com/news/business/jio-payments-bank-introduces-savings-pro-auto-investment-feature/story
