Jio Payments Bank has introduced a new feature called ‘Savings Pro’, designed to help users earn higher returns by automatically investing their surplus bank balance into overnight mutual fund growth plans.
The initiative targets everyday savers who want to maximise idle funds without actively managing investments — a move that may reshape how MSMEs and individual customers approach liquidity management.
How it works: Auto-investment starts from ₹5,000
Through the JioFinance app, users can set a minimum balance threshold of ₹5,000. Any surplus above this amount is automatically invested in overnight mutual funds, offering up to 6.5% annualised returns, based on recent 2-year performance data.
The facility allows daily auto-investments of up to ₹1.5 lakh, with instant redemption access for 90% of the funds, capped at ₹50,000. Larger withdrawals are processed within 1–2 working days.
No hidden charges, entry/exit fees, or lock-ins
One of the most attractive features of ‘Savings Pro’ is its zero-fee structure. There are no entry or exit fees, no hidden charges, and no lock-in period, making it a flexible tool for short-term fund management.
The platform is aimed at digitally savvy customers, especially MSME owners and salaried professionals, who often leave large amounts idle in savings accounts, earning minimal interest.
Designed for the era of smart saving
According to Vinod Easwaran, MD & CEO of Jio Payments Bank, today’s consumers are looking for “smarter alternatives” amid softening interest rates. ‘Savings Pro’ bridges traditional banking and investment, providing a fully automated, low-risk option to grow funds passively.
As per regulatory norms, all investments are subject to SEBI guidelines, and mutual fund performance may vary. However, the short-term nature of overnight funds and instant liquidity make it a low-volatility choice for conservative savers.
What this means for MSMEs and micro-entrepreneurs
For MSMEs, especially small traders and self-employed professionals, the feature offers a new way to manage short-term surplus liquidity, while earning more than standard savings interest rates.
By simplifying the process and reducing barriers to entry, ‘Savings Pro’ may also encourage wider financial participation among India’s underbanked segments, especially those who find traditional mutual fund investing too complex or risky.