Jio Payments Bank to Be Launched in April 2018

After Airtel, Paytm, India Post and Fino Payments bank now Jio is going to launch their Payments bank in April 2018. Jio Payment Bank is a joint venture between Reliance Industries and State Bank of India. So guys soon you will be able to transfer your account balance to Jio’s bank to earn interest and avail exciting offers. Scroll down to know more.

jio paymet bank

What is Payments Bank?

Payments bank is a new model of banks conceptualised by the Reserve Bank of India (RBI). Currently, account holders of this bank can deposit Upto Rs 1 lakh in a Savings account and may be increased later. There is no loans and credit cards facility. The services provided by payments bank are ATM cards, debit cards, Internet-banking and mobile-banking etc.

Download Jio Payment Bank App

In order to create/ open an account online, you need to download an app “JioMoney App” which will be available on PlayStore after the official launch. Now install and open the app and proceed for registration.

Eligibility

Any Indian resident above 18 years of age can open a Jio Payments Bank account.

How to Open a Jio Payment Bank Savings Account?

  • Enjoy banking services through your phone app i,e, JioMoney App or at Jio’s banking outlets
  • After downloading the app, you have to log in using Jio number.
  • Now just link your Aadhaar card to complete the verification process.
  • Enter PAN card details
  • Your savings account will be ready within few hours.

Jio Payment bank

Quick Account Opening: Open your savings account in few minutes. No paperwork required.

All Operators: Works with any telecom operator on 2G/3G/4G Networks.

Exciting Offers: Get exclusive deals and discounts from your favourite brands. Offers details will be available at jiopaymentsbank.com

How to Get a Debit Card?

No debit cards will be issued by Jio Payments Bank

Interest Rates & Charges

The rates, charges, fees, convenience fees, penalties etc. for the services shall be subject to the consumer terms agreed by the consumer and as published by the Bank time to time on its official website and/or mobile app and/or as communicated by Bank to the consumer time to time on the email ID of the Consumer or on its mobile number through SMS.

Jio Bank’s Branches/ Outlets

Jio Payments Bank Outlets coming soon at over 70000 locations

jio bank

Required Documents

You just require an Aadhaar Card and PAN Card to open a Jio Payment Bank account.

Frequently Asked Questions (FAQ)

  • There is no minimum balance requirement for Jio Payments Bank account.
  • There are no charges or fees for your Jio Payments Bank account.
  • No. There are no penalties if the account is inactive.
  • Yes, you can link your bank accounts using UPI or Debit/ Credit Card
  • Your Jio Payments Bank account is protected from un-authorized access by requiring password and mPIN to access your account. This ensures that your account is secure even if you lose access to your phone. In case you are transacting at any of Jio’s outlets, you will need to authenticate using your fingerprint, which will prevent any kind of unauthorised access to the account.
  • Yes, your money is always safe with Jio Payments Bank, even if you lose your registered mobile number since only you can access your account through your own biometric or M-Pin details.
  • No. Only you can access your account through your own biometric or M-PIN details.
  • As soon as you open a Jio Payments Bank account, you will get a UPI handle. You can define your own UPI handle while opening your account.
You can withdraw money from any of the Jio Points across India.
  • No. You can open a Jio Payments Bank account even without a Jio number
  • No. You don’t need a smartphone to operate Jio Payments Bank account. You can bank with Jio at any of Jio’s outlets.
  • No debit cards will be issued by Jio Payments Bank
  • Yes. You can freeze your account by calling us at 1800 891 9999.
For More Details, You Can Visit Official Site: jiopaymentsbank.com
Keep Visiting Jio1500Mobile for more latest updates.

4 Comments

  1. Somnath kumar March 16, 2018
  2. Sunil Yadav February 25, 2018
  3. sarojini February 24, 2018
  4. Chaluvarayaswamy bC December 27, 2017

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