Jio Financial Services Limited has launched a comprehensive fixed deposit platform on its JioFinance app, allowing users to access, compare, and invest in FDs offered by multiple banks and NBFCs. The announcement was made through a media release on February 11, 2026, highlighting the company's commitment to providing digital-first financial services.

Platform Features and Capabilities

The new FD platform offers several key features designed to enhance user experience:

Users can now compare fixed deposits from multiple financial institutions through advanced filtering options that allow sorting by interest rate and tenure. The platform supports a completely digital booking process without manual intervention, making FD investments more accessible and convenient.

Banking and NBFC Partners

The platform features deposits from a diverse range of financial institutions:

• Unity Small Finance Bank
• Suryoday Small Finance Bank
• Bajaj Finance
• Shriram Finance
• Utkarsh Small Finance Bank
• Mahindra Finance

This wide network of partners enables users to access competitive interest rates and choose from various tenure options based on their financial goals and preferences.

Digital Experience and Transparency

The JioFinance app provides comprehensive information to help users make informed decisions. Users can view detailed information about tenure options, tax applicability, lock-in periods, and terms and conditions for premature withdrawals. The platform also offers a consolidated tracking system that allows monitoring of ongoing and closed FDs, including returns tracking, maturity date reminders, and renewal notifications.

Leadership Commentary

Surbhe S. Sharma, Chief Executive Officer of Jio Finance Platform and Service Limited, emphasized the platform's role in empowering users to make smart financial choices. According to Sharma, the service addresses common challenges users face when comparing FD issuers, understanding interest rates, and tracking deposits across multiple platforms by providing a seamless and transparent digital experience.

Technical Infrastructure

The fixed deposit offering is powered by Blostem Fintech Private Limited, a B2B banking infrastructure platform that operates as a Business Correspondent and Technical Service Provider with multiple banks and NBFCs. This partnership enables the comprehensive range of FD options available through the JioFinance app.

Access and Availability

Users can access the new FD platform by downloading the JioFinance app and navigating to the 'Fixed Deposits' section via the home page. The service is designed to complement the app's existing financial services ecosystem, which includes loans, savings accounts, UPI payments, bill payments, digital insurance, and financial management tools.

Jio Financial Services Co-Chairman has shared an optimistic outlook for India's mutual fund industry, predicting substantial growth in the sector over the coming years.

Growth Projection for Mutual Fund Sector

The senior executive expressed confidence that the mutual fund industry is positioned to double in size within the next five years. This forecast suggests significant expansion potential in India's asset management landscape.

Industry Growth Potential

The projection reflects positive sentiment toward the mutual fund sector's development prospects. Such growth expectations indicate strong underlying fundamentals and increasing investor participation in mutual fund investments.

Market Outlook

This optimistic assessment from Jio Financial Services leadership highlights the potential for continued expansion in India's mutual fund space. The forecast suggests favorable conditions for asset management companies and indicates growing investor interest in mutual fund products.

The prediction underscores confidence in the sector's ability to attract increased investment flows and expand its market presence significantly over the projected timeframe.