Jio Financial Services , through its subsidiary Jio Payments Bank Limited, has launched an innovative feature called 'Savings Pro', aimed at maximizing returns on customers' idle funds. This new offering automatically invests surplus savings into overnight mutual funds, potentially yielding up to 6.5% returns.

Key Features of 'Savings Pro'

• Automated Investment: Surplus funds exceeding a customer-set threshold are automatically invested in 'Growth' plans of overnight mutual funds.
• Flexible Threshold: Customers can set a minimum threshold starting at ₹5,000.
• Daily Investment Limit: Up to ₹1,50,000 can be invested per day.
• Instant Redemption: Customers can instantly redeem up to 90% of their investments, with a maximum limit of ₹50,000.
• Larger Redemptions: Amounts exceeding ₹50,000 can be redeemed within 1-2 working days.
• No Hidden Costs: The product has no entry or exit loads, hidden charges, or lock-in periods.

User-Friendly Digital Experience

The entire process is seamlessly integrated into the JioFinance app, allowing customers to:

• View eligible mutual funds
• Set or modify investment thresholds
• Track returns on investments with complete transparency

Management's Perspective

Vinod Easwaran, Managing Director and Chief Executive Officer of Jio Payments Bank Limited, stated, "In an environment of softening interest rates, today's financially aware customers are actively seeking smarter alternatives to grow their savings. Savings Pro empowers them to do just that by turning a passive bank balance into an earning opportunity."

Implications for Financial Inclusion

'Savings Pro' represents a significant step in Jio Payments Bank's commitment to simplifying financial decision-making and bringing investment-linked savings within reach of every Indian. The product is designed to serve both experienced and first-time investors, supporting long-term financial inclusion by offering a safe, liquid, and rewarding way to grow wealth.

About Jio Financial Services Limited

Jio Financial Services Limited (JFSL) is a Core Investment Company registered with the Reserve Bank of India. It operates a full-stack financial services business through various customer-facing entities, including Jio Credit Limited, Jio Insurance Broking Limited, and Jio Payments Bank Limited. JFSL aims to ensure the holistic financial well-being of Indian citizens through its digital-first model, offering services such as loans, savings accounts, UPI bill payments, and more through the JioFinance app.

Note: Mutual Funds are subject to market risks. Investors are advised to read the offer document carefully before investing.

Jio Financial Services Ltd. recently completed a significant block trade on the National Stock Exchange (NSE), marking a notable transaction in the financial services sector. The deal, valued at Rs. 57.77 crore, involved the exchange of approximately 1,816,104 shares of the company.

Transaction Details

The block trade was executed at a price of Rs. 318.10 per share, reflecting the current market valuation of Jio Financial Services. This substantial transaction highlights the ongoing interest and activity surrounding the company's shares in the market.

Trade Summary

Market Implications

Block trades of this magnitude often attract attention from market participants and analysts. They can indicate strategic moves by large investors or institutions, potentially influencing market sentiment and the stock's trading pattern in the short term.

About Jio Financial Services

Jio Financial Services Ltd., a part of the Reliance Group, has been making waves in the financial services sector since its inception. The company aims to leverage technology to provide innovative financial solutions to a wide range of customers.

This recent block trade underscores the dynamic nature of the stock and the interest it continues to generate among investors. As the financial services landscape in India evolves, market watchers will likely keep a close eye on further developments related to Jio Financial Services and its market activities.