JioFinance App Now Offers Bank FDs with Returns Up to 8.15%
Invest in Bank Fixed Deposits via JioFinance, Earn Up to 8.15%: Investing in fixed deposits (FDs) with banks and NBFCs is now possible through the JioFinance app. This mobile app is available for both Android and iOS users. Users can access information on FDs from various banks and NBFCs, including interest rates.
Investments can be made in fixed deposits with these banks: JioFinance has partnered with Union Small Finance Bank, Suryoday Small Finance Bank, Bajaj Finance, Shriram Finance, Utkarsh Small Finance Bank, and Mahindra Finance. These banks offer interest rates of up to 8.15% per annum on FDs of various tenures. Many people prefer to keep their money in bank fixed deposits, finding them safe.
Surabh S. Sharma, CEO of Jio Finance Platform and Services, said, “We have given users the option to invest in FDs from multiple banks. They can make decisions based on their life goals. FDs remain a popular savings option in India. However, users often face difficulties in comparing FDs from different banks, understanding rates, and tracking their deposits.”
Fixed Deposits Booked in Minutes: The app has a unified dashboard. Active and closed funds can be tracked. Returns, maturity dates, and renewal reminders can be viewed. Users can also access information about taxes, lock-in, tenure, terms and conditions, etc.
UPI, digital banking, loans, savings, and investments are available on the app: JioFinance is the financial arm of the Reliance Group. It is a unified platform for UPI, digital banking, loans, savings, investments, insurance, and wealth tracking. It recently launched the facility to book bank FDs.
