Wednesday, 10 April 2019

Jio Payment Bank Has Begun its Banking Services – April 2019

Latest Update – Jio Payment Bank is now fully live. The Reserve Bank of India (RBI) said that Jio Payments Bank has begun its banking services from Tuesday.

Jio Payment Bank Launch Date – April 2019

Welcome to, As we all know that after Airtel, Paytm & other payment banks, Jio has now stepped into the Payments Bank market and they’ve finally launched their Jio Payment Bank in April 2018.
People who don’t know can be shocked buy knowing that the Reliance Industries Limited (RIL) has got the approval in order to settle the payments bank in 2015 and they are one of the 15 applicants who has applied.
Jio Payment Bank is a joint venture between Reliance Industries and State Bank of India. What can I do with Jio Payment Bank? Well, the most beneficial feature will be the transferring account balance to Jio bank in order to gain interest and avail other given offers.

Reliance Jio & SBI Joint Venture

Jio Payment Bank is under (70:30 ratio) between the SBI and Reliance Ind. Both the industries can easily reach to crores of people in India because The Reliance had 12.9 crore customers and on the other hand, SBI had a total of 42 crore customers (As of April 1, 2017).

You Must Be Wondering What Is Jio Payments Bank?

Payment banks are the other form of banks in which they didn’t have to full access or you can say full license for doing the banking operations.

Jio Payment Bank Loan?

The RBI had introduced the payments banks facilities in order to implement the services to improve financial inclusion by offering low-cost banking.

What Are The Major Benefits In Jio Payments Bank Account?

Quick Account Opening In Jio Payment Bank
Here in this option, Anyone who wants to have a Jio Payment Bank Savings account can get one in few minutes. The best thing? Well, in order to open a Savings Account In Jio Payment Bank, There is not any physical paperwork required.

Jio Payment Bank Works With All Operators

The biggest benefit of this service is that you can access the facilities with all operators. Because this works with any telecom operator, doesn’t matter if you’re using a 2G/3G/4G Network, It will work fine.

Exciting Offers

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

How To Get Jio Payment Bank Debit Card?

No Jio Payment Bank Debit Cards will be issued by Jio Payments Bank, They can easily accept the deposits up to 1,00,000/- INR [1 Lakh]. But on the other hand, They are not allowed to offer loans to their customers.

How Jio Payment Bank Will Impact On Other Competitors

As now you know that Jio Payments Bank is finally live and it can easily make the things even more hard for their competitors like – Airtel and Paytm.

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