Mumbai, Maharashtra, 17th of June 2026 : JioBlackRock Asset Management Private Limited, a joint venture between Jio Financial Services Limited and BlackRock, one of the world’s leading asset managers, today announced the integration of the JioBlackRock Overnight Fund with ‘Savings Pro’, a savings-plus-investment feature available on the JioFinance App through Jio Payments Bank Limited (JPBL).
The integration enables customers to seamlessly deploy surplus balances from their bank accounts into overnight mutual funds through a fully digital experience.
JPBL’s Savings Pro is designed to combine the convenience of digital banking with access to mutual fund investments. The feature allows customers to automatically invest idle balances above a self-defined threshold into overnight funds while retaining liquidity and flexibility.
The offering provides customers with the option of an Auto-Invest feature, where surplus balances above a selected threshold are invested on a daily basis, or a One-Time investment option for immediate deployment. Customers can set thresholds between ₹5,000 and ₹1,50,000, with a daily investment limit of up to ₹1,50,000 through the platform.
Savings Pro is structured to offer an alternative for managing surplus balances while maintaining ease of access to funds. Customers can redeem up to ₹50,000 or 90% of the invested amount, whichever is lower, on an instant basis. Redemption requests beyond this limit are processed on a T+1 basis, in accordance with applicable regulatory guidelines. The offering has no entry or exit load, no lock-in period, and no hidden charges.
Sid Swaminathan, Managing Director and Chief Executive Officer, JioBlackRock Asset Management Private Limited, said: “Customers today are increasingly seeking simple and seamless ways to manage surplus balances. Through this integration, we are combining digital banking convenience with access to overnight fund solutions in a transparent and accessible manner. This is aligned with our broader effort to expand access to investment solutions for a wider set of investors.”
Vinod Easwaran, Managing Director and Chief Executive Officer, Jio Payments Bank Limited, said: “At Jio Payments Bank, we continue to focus on enhancing digitally enabled financial solutions for customers. Savings Pro is designed to provide a convenient way to manage surplus balances while maintaining flexibility, liquidity and ease of access.”
Savings Pro is available to Jio Payments Bank savings and salary account customers and offers a fully digital onboarding experience enabled through Aadhaar and video KYC on the JioFinance App. Customers can set or modify thresholds, track investments and monitor transactions through the platform.
This integration represents a step towards building a more integrated, accessible and digitally enabled financial ecosystem, combining everyday banking with investment access for customers.
About JioBlackRock Asset Management Private Limited
JioBlackRock Asset Management Private Limited is a joint venture between Jio Financial Services Limited (JFSL) and BlackRock, one of the world’s leading asset managers. The company aims to combine JFSL’s digital reach and ecosystem with BlackRock’s global investment expertise and risk management capabilities to offer accessible, technology-led investment solutions for Indian investors.
About Jio Financial Services Limited (JFSL)
Jio Financial Services Limited (JFSL) is a Core Investment Company (CIC) registered with the Reserve Bank of India. As a new-age institution, JFSL operates a full-stack financial services ecosystem through customer-facing subsidiaries, including Jio Credit Limited, Jio Insurance Broking Limited, Jio Payment Solutions Limited, Jio Leasing Services Limited, Jio Finance Platform and Service Limited, and Jio Payments Bank Limited.
Through a 50:50 joint venture with BlackRock, JFSL offers asset management services in India through Jio BlackRock Asset Management Private Limited; and wealth management through Jio BlackRock Investment Advisers Private Limited. The JV with BlackRock also proposes to offer broking services through Jio BlackRock Broking Private Limited.
JFSL has entered into a 50:50 joint venture with the Allianz Group, establishing Allianz Jio Reinsurance Limited to provide reinsurance services in India. The two entities have also signed a binding agreement to form a 50:50 primary insurance joint venture covering general and health insurance. Additionally, they have signed a non-binding agreement to explore future opportunities in life insurance.
With a digital-first model, JFSL is committed to enhancing the financial well-being of Indian citizens by enabling them to borrow, transact, save, and invest seamlessly. Through the JioFinance app, customers can access a wide range of solutions including loans, savings accounts, investment products and solutions, UPI, bill payments, recharges, digital insurance, financial tracking and management tools, and more.
About Jio Payments Bank Limited
Jio Payments Bank Limited (JPBL) is a next-generation, digital-first bank committed to revolutionizing banking in India. Granted approval by the Reserve Bank of India under the Banking Regulation Act, 1949, JPBL was incorporated in November 2016 to offer secure, simple, and inclusive banking solutions for every Indian. Its suite of offerings is designed to meet the diverse financial needs of individuals and businesses alike.
About BlackRock
BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, BlackRock helps millions of people build savings that serve them throughout their lives by making investing easier and more affordable. BlackRock manages assets on behalf of clients worldwide across equity, fixed income, alternatives and cash management strategies.
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