Current Affairs - Finance - Discussion

Jio Payments Bank has introduced the “Savings Pro” facility to help customers earn higher returns on idle funds. Under this scheme, account holders can set a minimum balance threshold starting from ₹5,000, and any surplus above this amount is automatically invested in select overnight mutual funds. The facility offers returns of up to 6.5% per annum, with flexible redemption options allowing up to 90% instant withdrawal (maximum ₹50,000) and full redemption within 1–2 working days. Savings Pro combines the liquidity of a savings account with the growth potential of short-term investments, enhancing customer convenience through a fully digital process via the JioFinance app.