The integration allows customers of Jio Payments Bank Limited (JPBL) to automatically or manually deploy surplus balances from their savings accounts into overnight mutual funds through a fully digital process.
Savings Pro is designed to combine digital banking with investment access, enabling users to invest idle balances above a predefined threshold into overnight funds while maintaining liquidity.
Customers can set thresholds ranging from ₹5,000 to ₹1.5 lakh, with a daily investment cap of ₹1.5 lakh.
The platform offers two modes: an auto-invest feature, where surplus funds above the selected threshold are invested daily, and a one-time investment option for immediate deployment.
Users can also redeem up to ₹50,000 or 90% of invested value instantly, whichever is lower, while larger withdrawals are processed on a T+1 basis.
The product carries no entry or exit load and no lock-in period.
Sid Swaminathan, Managing Director and CEO of JioBlackRock Asset Management, said the integration aims to provide customers with simpler access to overnight fund solutions through a transparent digital experience.
Vinod Easwaran, Managing Director and CEO of Jio Payments Bank, said Savings Pro is intended to help users manage surplus balances while retaining liquidity and flexibility.
The feature is available to Jio Payments Bank savings and salary account holders and supports onboarding through Aadhaar-based and video KYC via the JioFinance app.
(Disclaimer: Network18 and TV18, the companies that operate CNBC-TV18, are controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)ALSO READ | Best-performing mutual funds received the least inflows in May: Vallum Capital explains why
First Published: Jun 17, 2026 1:31 PM IST
