Please find attached a media release by the Company, titled Jio Payments Bank Introduces Savings Pro ; customers can now earn up to 6.5%* returns on their surplus funds.
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Jio Payments Bank, a subsidiary of Jio Financial Services, has launched a new savings product called 'Savings Pro' that offers customers up to 6.5% returns on their surplus funds. The product is aimed at helping customers earn higher interest on idle money parked in their payments bank accounts. It is being marketed to both existing and new customers as a competitive alternative to traditional savings and liquid fund options. The announcement is presented as part of the company's media release detailing its latest customer-facing offering.
May help Jio Payments Bank attract more deposits and grow its customer base under the Jio Financial Services umbrella, though the financial impact on the parent company is not quantified in this announcement.