Reliance Jio Payment Bank - Savings Account,Interest Rate,Launch Date,CSP & App Download

To heard about reliance word , we all starts talk about reliance jio and really jio gives India's youth a internet freedom to access unlimited internet but we are going to tell Reliance Jio Payment Bank

In this post we talk about financial product of reliance i.e Jio Payment Bank

Reliance Jio Payment Bank

It is the join venture between Reliance Jio and State Bank of India with 70% partnership of Jio to enter in the payment bank market

JIO Shutdown Jio Money Wallet and starts Payment Bank.There has well renowned player like Airtel payment bank ,Paytm payment bank and other payment banks but entering of jio competitors  will faced a stuff competition

What is Jio Payment Bank

First of all who don't know much about payment bank concept so we first brief introduction about that 

Basically Reserve Bank of India started this new type of banking service in which new banks who got license of Payment bank can maintain operation of saving accounts and current accounts

And more of that they can accept deposit upto RS.1,00,000 but unable to process loans and credit type services according to RBI guideline They have control to process other banking services like net banking , mobile banking , atm and debit cards

So Payment Banks gives a high end technology for seamless transactions 

Reliance Jio Payment Bank start commercial operation from April 2018 so jio eyes to target low income households, minimum balance accounts ,small medium enterprises and young population and you can transfer money from Jio Money app to Jio Bank Account

This Payment bank has large opportunities to cover maximum parts of india and maximum reach will definitely helps jio to capture large market

Jio Payment Bank Launch Date 

Still not confirmed when its saving bank accounts,csp application and other detailed services will be launched soon but reports revealed it's going to 1-2 months come to the base

How to open jio payment bank account

first of all if you want to open jio payment bank account then you have to need Aadhar card and PAN card and after eKYC verification your saving account become ready 

Step by Step Process to Open Reliance Jio Payment Bank Savings Account

1.According to many website reports they stated process of opening saving account but Reliance Jio Payment Bank not mention officially procedure of account opening because jio payment bank not started saving account feature now , but you can have to be download App to complete the process

2.As source reveal first user have to be download APP of Payment Bank

3.Filling the complete details

4.And Link to Aadhar Card and PAN Card

After that customer executives as in case of Paytm Payment Bank they come to your location for identity and thumb impression for verify eKYC and then your saving account will be fully active so expecting same for jio but we have to wait for Reliance Official announcement to know exact information for process of opening account 

Will Reliance Jio Payment Bank Issue Debit Card for Saving Bank Account 

According to official website of Jio Payment Bank they clearly tell no debit cards will be issued to customers now

Reliance Jio Payment Bank Interest Rates

Reliance Jio officially still not disclose how will they interact with interest rate but when we talks of other payment banks interest rates obviously reliance may have higher interest rates to beat the competitors as same they done in JIO infocom

Current Payment Banks Interest Rate 

Payment Bank	Interest Rate 2018
Paytm Payment Bank	4%
India Post Payment Bank	5.5%
Fino Payment Bank	4%
Airtel Paytm Bank	5.5%

Document required for opening Jio Savings account 

Only Aadhar, pan card required to complete whole process and after verification your account start soon

Key Features

• NO MINIMUM BALANCE

• JIO PAYMENT BANK ACCOUNT IS 100% SECURE AND PCI DSS COMPLIANT 

• TRANSACTION ON JIO OUTLETS AUTHENTICATE BY FINGERPRINT 

• SAVING AND CURRENT ACCOUNT SERVICES

• WORKING WITH ALL TELECOM OPERATOR

• YOU CAN LINK OTHER BANK ACCOUNT WITH Jio Payment Bank 

• THERE ARE NO ANY TYPE OF CHARGE OR HIDDEN FEES 

• YOU CAN WITHDRAW MONEY AT ANY JIO PAYMENTS OUTLET 

• YOU CAN CLOSE ACCOUNT ANY TIME JUST BY CALLING 1800 891 9999.

• YOU CAN WITHDRAW MONEY BY FINGERPRINT

Jio Payment Bank APK or APP Download 

Like Airtel Payment bank or other Payment banks still Reliance Jio Payment Bank not launch Jio Payment App.If you search at present on google about that please don't download apk or app named on Jio Payment App it can either be virus or malware infected and harm your smartphone 

As reliance launch App we will notify you on same day
You cannot start service with Jio Money Wallet App

FAQ On Saving Account

Q.1. How I Access My Account 

Easily by your smartphone or Payment Bank Outlets. You can easily withdraw or deposit money by Bio metric data 

Q.2. What is Eligibility Criteria to Open Account 

Only Indian Citizen who above 18 years can open account but not for NRI

Q.3. Is JIO Branches started open in india now

No but Jio coming soon with 70,000 outlets across the country

Q.4. Where I can Use Reliance Jio Payment Bank Saving Account

You can pay bills,online shopping,travel tickets and you can do all works with ease from account with your MyJio app

Q.5. What I can do if my phone lost 

You don't need to worried, you can access your account by Fingerprint access or M-PIN detail 

Q.6. Is it necessary Having Jio number to open account 

Easily can open account even if you are not jio customer 

Q.7. Will Jio issue Debit Card for its customers

No but in future they can have debit card features also

Q.8. Can this will be UPI supported 

Yes definitely your account will support the UPI system

More update from jio payment bank website

Jio Payment Bank CSP

So CSP is customer selling point or outlets of Payment Bank where People can withdraw,deposit money or documents verification has to be done and we can also open saving or current account at there

CSP outlets earn some marginal amount from each transaction 

CSP offered by Payment Banks really good business and even person can earn 50,000 to 1,50,000 rupees per month from taking CSP of Payment Bank Company 

How to Apply for Jio Bank CSP

Jio Payment Bank CSP Apply Online we can't now because Reliance officially not announcing of  Procedure for Opening CSP so we have to wait till updates about CSP

So guys your doubts about Reliance Jio Payment Bank has been cleared but fully launch of this service we have to wait over 1 or 2 months

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