Overview
- Customers choose a threshold starting at Rs 5,000 in the initial phase, with surplus amounts invested automatically.
- Investments through the facility are capped at Rs 1,50,000 per day.
- Instant redemptions cover up to 90% of holdings subject to a Rs 50,000 limit, with larger sums settling in 1–2 working days.
- The product is delivered via the JioFinance app with no entry or exit loads, hidden charges or lock-ins.
- Jio is pitching the account to high-net-worth individuals and businesses seeking higher yields than typical savings rates.