JioBlackRock Asset Management has integrated its Overnight Fund with Jio Payments Bank’s ‘Savings Pro’ feature, enabling customers to seamlessly invest surplus balances from their bank accounts into overnight mutual funds through the JioFinance App.
The new offering combines digital banking and investment capabilities, allowing users to automatically deploy idle funds above a self-defined threshold into the JioBlackRock Overnight Fund while maintaining liquidity and flexibility.
Customers can choose between an Auto-Invest feature, which automatically invests surplus balances on a daily basis, or a One-Time investment option. Users can set investment thresholds ranging from ₹5,000 to ₹1.5 lakh, with a daily investment limit of up to ₹1.5 lakh.
The platform also offers flexible redemption options. Customers can instantly redeem up to ₹50,000 or 90% of the invested amount, whichever is lower, while larger redemption requests are processed on a T+1 basis as per regulatory guidelines.
According to JioBlackRock, the integration aims to make investment solutions more accessible by combining the convenience of digital banking with professionally managed overnight fund products. The offering comes with no entry or exit load, no lock-in period, and no hidden charges.
The service is available to Jio Payments Bank savings and salary account holders through a fully digital onboarding process enabled by Aadhaar and video KYC on the JioFinance App.
The integration marks another step in the expansion of India’s digital financial ecosystem, bringing together banking, savings, and investment services on a single platform.
