JioBlackRock Integrates Overnight Fund with Savings Pro on JioFinance App

The integration enables customers to automatically deploy surplus balances from their savings accounts into overnight mutual funds through a fully digital experience. The move is aimed at helping customers manage idle funds more efficiently while maintaining easy access to their money.

Savings Pro combines digital banking with mutual fund investing, allowing customers to set a threshold for their account balances. Amounts exceeding the selected threshold are automatically invested in overnight funds on a daily basis through the Auto-Invest feature. Customers can also choose a One-Time investment option for immediate deployment of surplus funds.

Users can set thresholds ranging from Rs 5,000 to Rs 1,50,000, with a maximum daily investment limit of Rs 1,50,000. The platform offers flexibility by allowing customers to redeem up to Rs 50,000 or 90 per cent of the invested amount, whichever is lower, instantly. Redemption requests beyond this limit are processed on a T+1 basis in line with regulatory guidelines.

The company said the offering comes with no entry or exit load, no lock-in period and no hidden charges, making it a convenient option for customers seeking better utilisation of surplus balances.

Sid Swaminathan, Managing Director and Chief Executive Officer of JioBlackRock Asset Management, said the integration brings together digital banking convenience and investment solutions in a transparent and accessible manner, helping broaden access to investment products.

Vinod Easwaran, Managing Director and Chief Executive Officer of Jio Payments Bank, said Savings Pro is designed to help customers manage surplus balances efficiently while ensuring liquidity, flexibility and ease of access.

Savings Pro is available to Jio Payments Bank savings and salary account holders and offers a fully digital onboarding process through Aadhaar and video KYC on the JioFinance App. Customers can also track investments, monitor transactions and modify thresholds directly through the platform.

The integration marks another step towards creating a more connected digital financial ecosystem by combining everyday banking services with investment opportunities for customers.