Jio Payments Bank is set to introduce “Savings Pro,” a pioneering savings account in India that automatically invests unused balances into overnight mutual funds, helping customers earn higher returns effortlessly.
During the annual general meeting, Jio Financial Services CEO Hitesh Sethia revealed plans to introduce “Savings Pro,” India’s first savings account that automatically invests idle cash into overnight mutual funds to deliver improved returns.
A large number of Indians keep extra money in savings accounts that offer minimal interest, frequently falling short of inflation rates. For example, Jio Payments Bank lowered its savings rate from 3.5% to 2.5% starting June 2025.
Meanwhile, overnight mutual funds typically provide 5–6% annualized returns while maintaining easy, next-day access to funds.
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This solution enables consumers to boost returns seamlessly, eliminating the need to manually transfer funds between savings and mutual funds.
