After Airtel, Paytm, India Post and Fino Payments bank now Jio is going to launch their Payments bank in March 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. You will also be able to order Physical Debit Card. Scroll down to know more.
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.
Update 23 Feb: Your JioMoney wallet will be transferred to Payment bank on 14th March 2018. The company has started sending SMS to their customers as follows:
Dear Customer, your JioMoney account will be transferred from Reliance Payment Solutions Ltd to Jio Payments Bank Ltd on 14.03.2018. Please provide your approval to continue using our services.
Download Jio Payment Bank App
In order to create/ open an account, you need to download an app which will be available on PlayStore after the official launch. Now install and open the app and proceed for registration.
How to Open a Jio Payment Bank Savings Account?
After downloading the app, you have to log in using Jio number. Now just link your Aadhaar card to complete the verification process. Your savings account will be credited within few hours. After creating a savings account you have to visit your nearest Jio Store/ Bank to complete the e-KYC verification process.
How to Get a Debit Card?
You will also get a physical debit card which can be used at ATM & POS machines. After creating an account, you can order a Debit card which will be delivered to your home within few days.
Interest Rate & Charges
To take on Airtel Payment bank Reliance Jio may provide excellent interest rate and offers to their customers.
Where are Jio Bank’s Branches?
- Coming Soon
- Jio Number
- Aadhaar Card
Share the news with your friends and stay connected with us for Step by Step Guide, till then enjoy Jio’s New Plans