How to Jio Payment Bank Account Opening: about Jio Payments Bank accounts, including FAQs, services offered, transaction limits, and customer care details.
Jio Payments Bank offers interest on your savings balance. The exact rate may vary, but is typically around 3.5% to 4% annually, credited quarterly.
How to Jio Payment Bank Account Opening
Option 1: Online via MyJio App
- Download the MyJio App: Available on both Android and iOS platforms.
- Log In: Use your Jio mobile number to log in.
- Navigate to the ‘Bank’ Section: Within the app, locate and select the ‘Bank’ option.
- Open a New Account: Click on ‘Open New Account’ and choose ‘Savings Account’.
- Provide Required Details: Enter your personal information and upload necessary documents like Aadhaar and PAN cards.
- Complete eKYC Verification: This may involve a video call or scheduling an agent visit for identity verification.
- Set Up MPIN: Create your Mobile Banking Personal Identification Number for secure access.
- Account Activation: Once verified, your account will be activated within 24–48 hours.
Option 2: Offline via Jio Store
- Visit a Nearby Jio Store: Locate your nearest Jio Payments Bank outlet.
- Carry Necessary Documents: Bring along your Aadhaar card, PAN card, and a passport-sized photograph.
- Fill Out the Application Form: Provide the required information as per the form.
- Complete KYC Process: Undergo identity verification at the store.
- Account Setup: After successful verification, your account will be set up and activated.
Eligibility & Required Documents
- Eligibility: Indian residents aged 18 years and above. Digital Banking Solutions by Jio Bank.
- Documents Needed:
- Aadhaar Card (linked to your mobile number)
- PAN Card (mandatory if annual transactions exceed ₹2 lakh)
- Passport-sized photograph
Key Features of Jio Payments Bank Account
- Zero Balance Requirement: No need to maintain a minimum balance.
- Interest on Savings: Earn interest on your deposits.
- UPI Integration: Seamless payments using the @jio UPI handle.
- Digital Transactions: Easy bill payments and recharges via the MyJio app.
- No Maintenance Fees: No charges for account maintenance.
🚫 Transaction & Account Limits
| Transaction Type | Limit (Approx.) |
|---|---|
| Max Balance | ₹1,00,000 (as per RBI limit) |
| UPI per Transaction | ₹1,00,000 |
| Daily UPI Limit | ₹1,00,000 |
| ATM Withdrawal | Not available (no debit card currently) |
| Fund Transfers | Via UPI, IMPS only |
Jio Payments Bank vs Regular Banks
| Feature | Jio Payments Bank | Regular Banks |
|---|---|---|
| Minimum Balance | ₹0 | ₹1,000 – ₹10,000 |
| Debit Card | ❌ Not Available | ✅ Available |
| UPI/QR Code Payments | ✅ Yes | ✅ Yes |
| Account Opening Time | Few minutes (eKYC) | 1–2 days |
| Branch Network | Limited (Jio Stores) | Extensive |
Jio Payments Bank Customer Care
- Toll-Free Number: 1800-891-9999
- Email Support: care@jiopaymentsbank.com
- Website: www.jiobank.in
- Address (Regd. Office):
Reliance Corporate Park,
Ghansoli, Navi Mumbai – 400701, Maharashtra, India.
💡 Note: As a payments bank, Jio is not allowed to offer loans or credit cards, and cannot issue full-service debit cards or offer fixed deposits.
