JioFinance App: Users of the JioFinance app can now access a wide array of fixed deposits (FDs) offered by multiple banks and NBFCs on the platform. The new offering further strengthens the JioFinance app’s positioning as a one-stop destination for simple, secure, and digital-first financial services.
Ideal for those seeking stable, low-risk savings products, the feature allows users to seamlessly compare and invest in FDs at attractive interest rates, through a fully digital end-to-end journey.
The key benefits of booking an FD from the JioFinance app include
Wide range of FD providers:
Helps users compare Fixed Deposits offered by multiple banks and NBFCs, including Unity Small Finance Bank, Suryoday Small Finance Bank, Bajaj Finance, Shriram Finance, Utkarsh Small Finance Bank, and Mahindra Finance. Filters allow sorting by interest rate and tenure for easier decision-making.
Access to Competitive Interest Rates:
Offers interest rates up to 8.15 percent* per annum, including high-yield options from Small Finance Banks and NBFCs.
Simple and Secure Digital Booking:
Supports a completely digital end-to-end process for booking FDs in minutes, without any manual intervention.
Transparent Information for Better Planning:
Users can view details on tenure, tax applicability, lock-ins, terms and conditions of premature withdrawals.
Consolidated FD Tracking:
The app provides a unified dashboard to monitor ongoing and closed FDs, including tracking of returns, maturity dates, and reminders for renewals.
Commenting on the launch, Surbhe S. Sharma, Chief Executive Officer, Jio Finance Platform and Service Limited said, “The diverse bouquet of FDs on offer from a wide range of providers is a part of our endeavour to empower users to make smart money choices, aligned to their life goals. FDs remain a popular savings choice in the country, yet users often struggle to compare issuers, understand rates, or track their deposits across platforms. We are removing that friction by enabling a seamless and transparent end-to-end digital journey for discovering, comparing, booking, and tracking FDs.”
The fixed deposit offering on the JioFinance app is powered by Blostem Fintech Private Limited, a B2B banking infrastructure platform which is integrated as a Business Correspondent and/or Technical Service Provider (TSP) with multiple banks and NBFCs.
To explore the wide range of FD options, users can download the JioFinance app, access ‘Fixed Deposits’ via the Home Page of the app, and follow a few simple steps to complete their FD booking.
